Draft law on Investment in Vietnam: 12 conditional business investment lines removed and 06 lines added

Draft law on Investment in Vietnam- 12 conditional business investment lines removed and 06 lines added

One of the highlights of this draft Law on Investment (amended) in Vietnam is the abolition of 12 conditional business investment lines while 06 lines are added. The draft law is very significant to foreign investors in Vietnam in next time. The business investment lines are removed from the list including: +Service activities of commercial…

Checklist of documents for opening new company in Vietnam in marketing industry

Checklist of documents for opening new company in Vietnam

Foreign investor shall prepare the following checklist of documents for opening new company in Vietnam in marketing industry. No Category Number   For investors who are legal entities 01 Business registration certificate 05 02 Audited financial statements for the last 2 years 05 03 Operation charter 05 04 Statement of bank account balance 05 05…

Legal Inquiry: Setting up a company in Vietnam for marketing services

in Vietnam for marketing services (ASL LAW)

Dear ASL LAW, Vietnam Law Firm To whom it may concern, I’m Ra___ from E___ Recruit. We’re planning to expand to Vietnam market and in need of incorporation service. Our business scope is marketing services. We are considering setting up a company in Vietnam for marketing services or establish either Branch or Subsidiary in Vietnam (LLC). We…

Legal Inquiry: Open tour company in Vietnam: inbound and outbound license

Legal Inquiry: Open tour company in Vietnam: inbound and outbound license

Dear ASL LAW, we are inbound / outbound tour company in Thailand, and we would like to expand to Vietnam. Can you advise the right ways to do as there are many types of the company setup possible and from here difficult to understand if if a local limited company or a branch in Vietnam…

Vietnam a top destination for expats

vietnam-a-top-destination-for-expats

(Lawyer Pham Duy Khuong answered Vnreview for the article: Vietnam a top destination for expats.) Being listed among the top ten by the  HSBC’s latest global Expat ­Explorer Report has gone some way to prove the significant advances in Vietnam’s investment and living environment. Vietnam is one of the most popular expat havens for its easy living…

Legal Enquiry: Request for Company Registration in Vietnam

Legal Enquiry: Request for Company Registration in Vietnam

Dear Sir, I am writing you to request your support to establish a company in the jurisdiction of Vietnam. We would like to start our activities soon and some projects are on hold due to not having a local company. Please find below relevant information you might need in order to send us a quotation….

Legal enquiry: Setting up a new Vietnamese Company

Legal enquiry- Setting up a new Vietnamese Company

Dear Sir, I am a foreigner and my business partner is Vietnamese. We are planning to set up a new Vietnamese company at Ho Chi Minh City on car caring business. Initial shareholding would be 50:50.  Can I have some information on that? (including the type of company, estimated timeframe on setting up the company,…

Legal Enquiry: Setting up travel and corporate ticketing business in Vietnam

Legal Enquiry- Setting up travel and corporate ticketing business in Vietnam

Dear ASL Law, Our company is currently looking at the possibility of setting up a travel and corporate ticketing business in Vietnam. I was informed that the business required a local partner with at least 30% equity for this form of business. Looking at this issue, can ASL Law firm provide a confirmation on setting…

Vietnam and the European Union formally signed EVFTA

Vietnam and the European Union formally signed EVFTA

The Free Trade Agreement and Investment Protection Agreement between Vietnam and the European Union (EU) were officially signed on June 30 in Hanoi, marking a new development in relations cooperation and comprehensive cooperation between Vietnam and the EU and opening up great opportunities for Vietnam in promoting economic development. It is a period of long-term,…

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