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How can I do business in Vietnam without establishing a legal entity?

Starting a company often takes many months, during which time the company is inactive and requires tens or hundreds of thousands of dollars in capital investment, often before understanding the business, financial, and consumer landscape or local culture. Such fixed entry strategies can lead to mistakes such as: choosing the wrong pricing model, launching the …

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Conditions for establishing a new company in Vietnam

Although Vietnam is a very attractive investment destination for foreign investors, there is still a complicated legal process for establishing a new company. In this section, we will present the conditions for establishing a new foreign business in Vietnam. Minimum capital requirements For most industries and businesses, Vietnam does not require minimum capital. However, the …

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Establish a company in Vietnam

In this article, GTax sets out the different options businesses have for entering the Vietnamese market and an overview of entity types, requirements and processes as well as some key considerations that will help ensure the company is built to succeed. Besides, we also have advice on procedures such as: if you want to be …

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Open a bank account in Vietnam

For newly established Foreign Invested Enterprise (FIE), after obtaining an investment and enterprise registration license, normally all capital bank account and payment accounts in both foreign currency and VND can be opened at the same time. The VND payment account can receive bank interest according to current interest rate structure.  Several accounts may be required, …

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Types of Business in Vietnam

Currently, investors can choose from the following types of businesses to register to establish a business in Vietnam: Representative Office; Limited Liability Company; Joint-Stock Company; Branch Office; Joint Venture; Public Private Partnership. 1. Representative Office A Representative Office offers a low-cost entry option for many companies, and are among the most common for companies that …

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