Social insurance is the guarantee to fully or partially offset a laborer’s income that is lost or reduced due to his/her sickness, maternity, labor accident, occupational disease, unemployment, retirement or death, on the basis of his/her contributions to the social insurance fund. The two types of social insurance are compulsory social insurance and voluntary social […]
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Being considered as an attractive environment for investing and a business opportunity with lots of advantages over neighboring countries, Vietnam is attracting not only the investors who go into business but also a large number of foreign employees with an intention of living, studying and working in here. Foreign employees working in Vietnam, come from […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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