Author Archives: V-International

DISSOLUTION

Cases and conditions of dissolution a) Cases of dissolution In some cases that the foreign investor can not keep up with the investment in Vietnam, the procedures for dissolution of the enterprise will be carried out. In order to fully terminate the rights and legal duties of the foreign investor, the investor must be bound […]

EMPLOYEE RELATIONSHIP MANAGEMENT

The Vietnam Labor Code applies to both Vietnamese and foreigners working in Vietnam. It is unlawful to sign contracts under provisions outside those provided in the Labor Code. Labor contract The parties are free to negotiate and enter into their contracts, provided that those clauses are not less advantageous than the provisions of law. For […]

TAX AND AUDIT

I. Tax Taxes that enterprises must pay Legal regulations and policies on tax in Vietnam are applied generally to all businesses established under Vietnamese law, but there are also some specific regulations for enterprises with foreign investment capital. a. License fee License fee applies to all enterprises and business lines. License fee is classified into […]

REGULATIONS ON CAPITAL CONTRIBUTION

Foreign investors seeking to invest directly in Vietnam can choose to establish a new foreign-invested enterprise or establish a foreign-invested enterprise in the form of the share and stake acquisition. a) Establishing new foreign-invested enterprises Foreign investors will contribute capital right from the start upon establishing a company in Vietnam. The capital contribution rate of […]

PROCEDURES THAT ENTERPRISES SHOULD IMPLEMENT AFTER BUSINESS ESTABLISHMENT

Establishing an e-commerce website The e-commerce website is an electronic information page set up to serve part of or the entire process of buying and selling goods or providing services, from displaying and introducing goods and services to entering into contracts, service provisions, payments, and after-sales services. To make business investment activities more effective in […]

BUSINESS LICENSE FOR CONDITIONAL BUSINESS LINES

Conditional business lines Conditional business lines require conditions when conducting business, which individuals and organizations must meet when conducting investment activities. There are 227 conditional business lines, of which construction, education, mining, and healthcare have the most sub-licenses. Some of the most frequently chosen conditional business lines are listed in the following table: No Business […]

FRANCHISING

Leveraging a franchise is one of the fastest ways to capture the investment market. Investors can take full advantage of advantages such as capital and human resources from partners to expand their business; at the same time, increase sales and profits from franchise fees, improve brand value and elevate the business. As it is also […]

7- INITIAL PROCEDURES TO INVEST IN VIETNAM

Vietnam’s Law on Investment procedures for foreign investors is strictly regulated and updated, in line with the actual business context of the market, reformed towards simplification, and developed to form new policies that attract foreign investors and create favorable conditions for foreign investors to invest in Vietnam. The basic procedures include: Approving investment guidelines and […]

PM requests acceleration of science, technology, innovation and digital transformation

Vietnam has recorded significant progress in recent years, with the rollout of key products and platforms in three strategic areas: AI, 5G networks, and blockchain. Prime Minister Pham Minh Chinh chairs the meeting (Photo: VGP) Prime Minister Pham Minh Chinh has directed ministries, agencies, and localities to accelerate efforts in science and technology, innovation, and […]

BUSINESS LINES FOR FOREIGN INVESTORS IN VIETNAM

1. Banned business investment activities Business in banned narcotic substances (specified in Appendix I, 2020 Law on Investment). Business in banned chemicals and minerals (specified In Appendix II, 2020 Law on Investment). Business in specimens of wild flora and fauna specified In Appendix 1 of Convention on International Trade in Endangered Species of Wild Fauna […]