What Are Required Documents to Set up Limited Liability Company in Vietnam?
When doing business in Vietnam, the business people find benefits to set up company as a separate legal entity for various purposes i.e. to have an entity to sign contract, open bank account, hire personnel and pay them properly, and to deduct expenses for tax optimization. The most popular form is to set up limited liability company in Vietnam (LLC). Dossiers to Set up Limited Liability Company in Vietnam -Application for business registration according to a uniform form prescribed by the competent business registration agency. -Draft of C…
Binh Dinh: German Investors Want to Build A Wind Farm, Korean Businesses Interested in Assembling Cars
In the last days of August and early September 2020, many potential investors from Korea and Germany have come to study opportunities to set up company and invest in Vietnam and specifically Binh Dinh province to explore investment opportunities, with billion USD projects. At the meeting of the departments of Binh Dinh province with leaders of Hyundai Aluminum Vina Company and Cammsys Company of Korea coming to explore investment opportunities in this province, according to representatives of Cammsys Company, the company wants to find a…
Set up company in Vietnam and comply
Vietnam’s economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business to set up company in Vietnam. After the investors set up company in Vietnam, the continuous procedures to comply is always a matter of great interest to foreign investors. Why it is important to comply with the laws after the investors set up company in Vietnam? Complying with the law after the investors set up comp…
7 basic steps to set up a business and comply with Vietnam laws
Vietnam's economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business. Therefore, the set up company in Vietnam is always a matter of great interest to foreign investors whom find business opportunities in Vietnam. With the promulgation of the enterprise law, the business setting up process has been adjusted with many favorable regulations for investors. However, in order for a bu…
German Investors Funded 15 Million USD for Kinh Bac to Implement Workshop Project
The total investment value of the project is 33.4 million USD, equivalent to about 755 billion VND, which is invested in construction and development in industrial zones. According to information from Kinh Bac City Development Holding Corporation (KBC), the subsidiary of this unit is Kinh Bac Office and Workshop Trading One-Member Limited Company has just reached an agreement: signed contract to finance a project to build a workshop with the German Investment Corporation (DEG) under the German Development Bank (KfW). KfW is now managing mor…
IHI Corporation (Japan) Wants to Participate in Transportation Projects in Hai Phong
Japan is a familiar investor in the Vietnamese market , many Japanese companies have set up business in Vietnam and IHI Corporation is not an exception. Recently, Hai Phong People's Committee has been working with the delegation of IHI Corporation (Japan) to explore opportunities to participate in transportation projects in Hai Phong. At the meeting, Mr Atsushi Kutawa - Managing Director of Operations, President in charge of business of IHI Corporation has talked about the company's business situation with city leaders. In partic…
Hemaraj (Thailand) Builds Billion-Dollar Industrial Park in Nghe An
Nghe An - a province located in the central region of Vietnam always has a lot of attractive incentives for foreign investors who come and set up business in Vietnam . In which, Nghe An has a number of solutions to support infrastructure enterprises to quickly implement large-scale industrial parks, including the Hemaraj industrial park – which is preparing to start construction. According to the plan, at the end of October 2017, Hemaraj industrial park project in the South East Economic Zone will be started construction by Hemaraj Group (…
Guangdong, Hong Kong Businesses Seeking Opportunities in Vietnam
60 enterprises coming from Guangdong, Hong Kong (China) are visiting Hanoi, exploring opportunities to set up business in Vietnam . The conference between Vietnam and Guangdong, Hong Kong enterprises is organized in Hanoi. In addition to 60 businesses wishing to explore investment opportunities with Vietnam enterprises, the conference also attracted delegates including Government and business leaders from 12 provinces and cities of Vietnam, Guangdong and Hong Kong, along with enterprises, leaders of many provinces and cities of Vietnam, es…
Vietnam - Russian Federation: Cooperation in The Spirit of Friendship
There are many opening opportunities, so that the Russian Federation enterprises can come to explore and set up business in Vietnam and vice versa. Previously, there is almost a constant law, that is only Vietnam come to promote investment abroad, now the story seems to be different. Japan has organized an investment promotion conference in Vietnam. And just recently, on March 2017, during a visit to Vietnam of Mr Yuri Trutnhev - Deputy Prime Minister, Russian Presidential Representative in the Far Eastern Federation, also held the same i…
Foreign Investment in Hanoi Increased Strongly
Foreign direct investment (FDI) into Hanoi is increasing in both quantity and quality. Foreign investors have gradually believed in the decision to set up business in Vietnam . Unlike many other localities in the country with large FDI projects such as billion-dollar manufacturing complex, Hanoi is much quieter in attracting FDI. But the reality is different. According to the statistics from the Foreign Investment Agency (Ministry of Planning and Investment), up to the end of May 2017, Hanoi still ranked at the 4 th place among provinces …
Thailand's FDI into Vietnam Reached 8.13 billion USD
By the end of March 2017, Thai investors had invested in 458 projects with a total registered investment capital of 8.13 billion USD, standing at the 10 th position out of 115 countries and territories investing into Vietnam. With the determination of the two Governments and the proactive of businesses, the economic cooperation between Vietnam and Thailand will grow strongly and reach the target of 20 billion USD in bilateral trade by 2020. Vietnam-Thailand trade relation has grown by more than 40% during the past five years. Specially in …
Hong Kong Investors Explore Vietnam Infrastructure Projects
Hong Kong investors are promoting investment in southern provinces in the areas such as infrastructure investment, waste water treatment, waste and also learn about set up company in Vietnam . Recently, about 40 Hong Kong investors and experts in investment and infrastructure development sectors have visited Ho Chi Minh City. Sharing the purpose of this business trip, Mr Vincent HS Lo - Chairman of the Hong Kong Trade Development Council said that these investors are people who have a lot of experiences in the financial, consulting, archit…
Strengths in FDI Attraction of Vietnam
Vietnam has many strong points in FDI attraction that foreign investors are very interested in. This has made Vietnam an attractive destination for investors to set up company in Vietnam . Firstly, the stable security and political situation is an important condition for deciding to set up long-term investment activities in Vietnam. Moreover, Vietnam has a favorable geographic position in trade with the world as well as a connection hub of the region and a gateway to penetrate economies in the western part of the Indochina Peninsula. Third…
SCG (Thailand) Pours Capital into Vietnam Petrochemical Sector
With the acquisition of 25% shares from Qatar Petroleum at Long Son Petrochemical Refinery Complex project, SCG Group (Thailand) continues to strengthen its position as a major investor in Viet Nam petrochemical sector. Previously, Vina SCG Chemicals (VSCG), a wholly-owned subsidiary of SCG in Vietnam, has signed contract to acquire shares of QPI Vietnam Limited (QPIV), a subsidiary of Qatar Petroleum to receive all 25% shares in Long Son Petrochemical Co., Ltd - the investor of Long Son petrochemical complex, according to a press release p…
Due Diligence in Choosing Business Partner
Joint ventures and association in business will bring many opportunities for the development and success, especially expanding and making entry into new Vietnam as new market through cross border transaction, setting up company , acquiring shares in new company. However, it is not easy to choose partners to help maximize the value for business, especially in this difficult time. That is the reason why we should conduct the due diligence research in Vietnam before making any decision. According to experts, there are enterprises that growi…
FDI Status in 11 Months of 2016
Vietnam has become an ideal destination for foreign investors from many countries to come and invest in Vietnam. Generally in the first 11 months of 2016, total newly registered and additional capital reach 18.103 billion USD, equivalent to 89.5% compared with the same period in 2015. Operational status: Implemented capital: As of November 20 th 2016, it is estimated that the foreign direct investment (FDI) projects have disbursed 14.3 billion USD, increased by 8.3% over the same period in 2015. Exports and imports: Exports of the foreign …
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