upcoming events

Oct 2019
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

TRANSPORT SOURCING MANAGER - DHL SUPPLY CHAIN VN

Establish close relationships with regional/country BPs to ensure actual / future knowledge of demand and service quality; build and maintain solid understanding of respective business needs

PURCHASING MANAGER - DETMOLD PACKAGING

Involved in carry out, application and maintenance of the company processing system.

Foreign investors have several business options in Viet Nam

2015-04-08 23:09:54

Share with friends
How can foreign investors establish their commercial presence in Viet Nam?
 
Foreign investors can do so with the help of business corporation contracts, and by setting up foreign-invested enterprises, branches or representative offices.
 
1. Business corporation contracts
 
For foreign enterprises in particular, establishing commercial presence through business corporation contracts will not result in establishing any new business organisation. According to the 2014 Law on Investment, business corporation contracts (BCCs) are an agreement between foreign investors and domestic enterprises or among foreign investors in which the parties will carry out business activities, contribute capital, distribute profits and bear risks together without setting up a new legal entity. The commercial presence under this form will save a lot of time and effort for investors.
 
Under this form of commercial presence, despite operating with an independent legal status to solve any problems in a flexible manner, the parties can also support each other in the process of production and trading. Nevertheless, since there will be no new legal entity established, PLF hereby makes a note for enterprises that signatories of the BCC that they should have clear agreements on project management, selecting the company's stamp, rights of representation for signing contracts, etc. to steer clear of any dispute arising in the process of incorporation.
 
2. Foreign-invested enterprise
 
Depending on the fields of business, the Government permits foreign investors to establish enterprises with 100 per cent foreign capital or joint ventures with domestic enterprises following a certain percentage of foreign capital. In the case of joint ventures, investors are entitled to contribute capital, buy shares or a capital contribution from a Viet Nam trader following a statutory proportion and in accordance with international treaties that Viet Nam has signed.
 
3. Branches and representative offices
 
The foreign investors can also institute their branches or representative offices in Vietnam as the last form of commercial presence. According to provisions under a Government Decree, foreign investors will be acknowledged as lawful enterprises based on their countries of business registration and shall be granted licences for establishment of representative offices if they have been operating in the country for no less than a year or have been granted licenses for establishment of branches if operating for no less than five years.
 
Source: VNS