Độc giả yêu cầu: How To Set Up A Company In Vietnam?

Can foreigners set up company in Vietnam?

Can Foreigners Own a Business in Vietnam? Foreigners may own businesses in Vietnam. Some industries such as tourism, advertising, and entertainment require a local partner. But most businesses can be 100% foreign-owned.

How much does it cost to set up a company in Vietnam?

Total cost of setting up a foreign company on Vietnam will be at least of VND 9,000,000,00 equivalent to USD410. 00. In addition to the cost of setting up a foreign company in Vietnam, foreign investor shall contribute charter capital as prescribed.

How long does it take to register a company in Vietnam?

Company registration in Vietnam typically takes about one month. However, depending on the business line, some companies need to apply for sublicenses. In such cases, the registration process will be longer.

Is Vietnam a good place to start a business?

Being one of the fastest-growing economies in the world, Vietnam becomes a strategic place for many foreign entrepreneurs to invest. Its relatively cheap but highly qualified population is not the only reason attracting businessmen from all over the world for starting a business in Vietnam.

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Is it easy to do business in Vietnam?

Vietnam ranked 70 among 190 economies in the World Bank’s Doing Business 2020 report. Investor confidence in Vietnam is strong as FDI rose by 7.02 percent year on year in 2019.

What is Vietnam’s biggest export?

Top 10

  • Electrical machinery, equipment: US$153.5 billion (44.1% of total exports)
  • Machinery including computers: $23.9 billion (6.9%)
  • Footwear: $23.8 billion (6.8%)
  • Clothing, accessories (not knit or crochet): $15.5 billion (4.5%)
  • Furniture, bedding, lighting, signs, prefab buildings: $15.5 billion (4.4%)

How much is a work permit in Vietnam?

The fee to get a work permit in Vietnam For new applicants: VND400, 000/permit (USD 20). For re-issued work permits: VND 300,000/permit (USD15). For renewal work permits: VND 200,000/permit (USD 10).

What are the risks of doing business in Vietnam?

Challenges and risks when doing business with Vietnam

  • corruption.
  • bureaucracy.
  • grey areas of Vietnamese law.
  • lack of Intellectual Property Rights (IPR) enforcement.
  • inadequate infrastructure.
  • lack of skills.
  • language barrier (so translators and interpreters are often needed)

How do I get a business visa for Vietnam?

Your passport must be valid for at least 6 months following your arrival date (temporary passports may not be accepted.) Your passport has at least 02 blank pages for visa and immigration stamps. Sponsorship letter from a licensed company in Vietnam is required if you apply through the local embassy in your country.

How does Vietnam make money?

Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. Samsung is Vietnam’s largest exporter and has helped the country achieve a trade surplus for the first time in many years.

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Can foreigners buy stock in Vietnam?

Can foreigners buy / sell stock in Vietnam? Foreigners are welcomed to trade in the Vietnam stock exchange, with governments policies put in place that allows for such foreign participation.

How do I check if a company is registered in Vietnam?

The Vietnamese Business Registration Authority has recently offered online company search services at: http://dichvuthongtin.dkkd.gov.vn/inf/default.aspx.

What is a good business to start in Vietnam?

Some items you can import include raw cotton, petroleum products, cement, fertilizer, motorcycles and electronics. Another profitable business you can start in Vietnam is building/buying properties for resale. With the number of expatriates and immigrants coming into Vietnam, real estate is a business you won’t regret.

What should I invest in Vietnam?

Best Ways to Invest in Vietnam

  • Exchange-Traded Funds (ETFs) Investors can buy and sell ETFs like the stock shares.
  • Close-Ended Funds. Close-ended funds are also good ways to gain broad exposure to the Vietnamese market.
  • Local Broker.
  • Mutual Funds.

What are business opportunities in Vietnam?

1. Textile and Garment. Garment and textile items production is one of the most lucrative businesses in Vietnam. Foreigners or investors are likely to make a profitable gain out of this sector because it is considered one of the active sector in its exported items.

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