BENEFITS OF SETTING UP COMPANY IN HO CHI MINH CITY

HO CHI MINH CITY IS CONSIDERED AS VIETNAM’S ECONOMIC HUB. DURING THE LONG HISTORY OF FOUNDATION AND DEVELOPMENT, THE CITY’S ECONOMY IS GROWING CONSTANTLY AND MOTIVATING THE DEVELOPMENT OF THE COUNTRY. The city is therefore considered as a potential investment environment for domestic investors as well as foreign investors. The investment through establishing companies and conducting business activities in Ho Chi Minh city certainly promises to achieve multiple benefits. These benefits come from the following reasons. First, Ho Chi Minh City...

Read More

BENEFITS OF SETTING UP COMPANY IN HANOI

ALONG WITH THE TREND OF INTEGRATION IN THE WORLD, VIETNAM IS CONSIDERED A COUNTRY WITH RAPID AND STRONG GROWTH, IN WHICH, INDUSTRIALIZATION AND MODERNIZATION ARE FOCUSED ON DEVELOPING A UNIFORM SET AND ACHIEVE HIGH PERFORMANCE. HANOI AND HO CHI MINH CITY IS CONSIDERED THE TWO CITIES AND DYNAMIC DEVELOPMENT IN VIETNAM. In particular, Hanoi, the potential capital for developing and attracting foreign and domestic investment. Therefore, the investment from businesses to the city is seen as an advantage and the best. To evaluate how such advantages...

Read More

SET-UP LIMITED LIABILITY COMPANY IN VIETNAM

LIMITED LIABILITY COMPANY IS A FORM OF ENTERPRISE WHICH IS ESTABLISHED BY CONTRIBUTING OF MEMBERS.  A MEMBER SHALL BE LIABLE FOR THE DEBTS AND OTHER PROPERTY OBLIGATIONS OF THE ENTERPRISE WITHIN THE AMOUNT OF CAPITAL THAT HE/SHE HAS UNDERTAKEN TO CONTRIBUTE TO THE COMPANY. Limited liability companies are regulated by two types: One member Limited Liability Company is an enterprise owned by one organization or individual; Limited Liability...

Read More

SET-UP JOINT STOCK COMPANY IN VIETNAM

JOINT STOCK COMPANY IS AN ENTERPRISE WHICH HAS CHARTER CAPITAL DIVIDED INTO EQUAL PORTIONS CALLED SHARES. THE MINIMUM NUMBER OF SHAREHOLDERS SHALL BE THREE AND THERE SHALL BE NO RESTRICTION ON THE MAXIMUM NUMBER. Set-up Joint Stock Company in Vietnam Shareholders shall be liable for the debts and other property obligations of the enterprise only within the amount of capital contributed to the enterprise. Joint Stock Companies may issue all...

Read More

SET-UP PARTNERSHIP IN VIETNAM

A PARTNERSHIP IS AN ENTERPRISE WHICH MUST BE AT LEAST TWO MEMBERS BEING CO-OWNERS OF THE COMPANY JOINTLY CONDUCTING BUSINESS UNDER ONE COMMON NAME.  IN ADDITION TO UNLIMITED LIABILITY PARTNERS, THERE MAY BE LIMITED LIABILITY PARTNERS. Set-up Partnership in Vietnam Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets. Limited liability partners shall...

Read More

SET-UP REPRESENTATIVE OFFICE IN VIETNAM

A FOREIGN BUSINESS ENTITY OR A FOREIGN TRADER IS ALLOWED TO ESTABLISH REPRESENTATIVE OFFICE IN VIETNAM. REPRESENTATIVE OFFICE OF A FOREIGN BUSINESS ENTITY IN VIETNAM (REFERRED AS “REPRESENTATIVE OFFICE”) MEANS A SUBSIDIARY UNIT OF THE FOREIGN BUSINESS ENTITY, ESTABLISHED IN ACCORDANCE WITH THE LAW OF VIETNAM IN ORDER TO SURVEY MARKETS AND TO UNDERTAKE A NUMBER OF COMMERCIAL ENHANCEMENT ACTIVITIES PERMITTED BY THE LAW OF VIETNAM. Representative Office will need to apply and obtain the establishment license; and have a seal bearing the...

Read More

SET-UP BRANCH OFFICE IN VIETNAM

The Branch of a foreign business entity in Vietnam (referred as “The Branch”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist...

Read More

VIETNAM SUPPORTS AUSTRALIAN ENTERPRISES INVESTING AND SETTING-UP BUSINESS IN VIETNAM

DURING AN OFFICIAL VISIT TO AUSTRALIA, IN THE MORNING OF MARCH 17TH (LOCAL TIME), IN SYDNEY, PRIME MINISTER NGUYEN TAN DUNG AND HIGH-LEVEL DELEGATION TO THE GOVERNMENT OF VIETNAM HAD THE DIALOGUE WITH THE BUSINESSES OF VIETNAM AND AUSTRALIA’S ON THE DEVELOPMENT OF VIETNAM’S ECONOMY AS WELL AS THE OPPORTUNITIES, PROSPECTS FOR COOPERATION BETWEEN THE TWO COUNTRIES. Prime Minister Nguyen Tan Dung has generalized the development of Vietnam’s economy...

Read More

KOREAN COMPANIES CHOOSE VIETNAM FOR DOING BUSINESS

RESULTS OF THE SURVEY OF  KOREA INTERNATIONAL TRADE ASSOCIATION (KITA) ANNOUNCED IN EARLY JANUARY 2015 SHOWED THAT THE MAJORITY OF THE KOREAN COMPANIES WHICH PLANNED TO EXPAND THEIR BUSINESS IN THE EMERGING FOREIGN MARKETS THIS YEAR HAD CHOSEN VIETNAM. According to KITA, out of about 537 Korean businesses surveyed, 49% said that they planned to develop their businesses or set-up business venture in Vietnam in the year 2015 The...

Read More

WHY JAPAN INVESTORS INVEST IN VIETNAM

THE DEPRECIATION OF YEN AGAINST DOLLAR, MORE AVAILABLE FUNDS FOR LOANS FROM JAPANESE BANKS, AND THE FAST AGING POPULATION MAKE JAPANESE CORPORATIONS INCREASING INVESTMENT IN FOREIGN MARKETS INCLUDING VIETNAM THROUGH SETTING UP BUSINESS VENTURE. Why Japan Investors Invest in Vietnam In a morning of Jan 22nd 2015, the office of Ministry of Planning and Investment and Foreign Investment Agency have met and worked with small and medium...

Read More