When setting up a
trading company in Vietnam, beside other conditions, the foreign
investors have to prove experience in trading area. Areas such as
banking, financial services, real estate, security services will require
minimum investment. Foreign
investment lawyers should be consulted for advice on investment
licensing matters.
In general, foreign
investors making investment in Vietnam are encouraged. However, there are
areas although not prohibited, but are “conditional” areas including the
project could affect national defense, security, social order and safety;
finance and banking; field that affect public health; culture, information,
press, publishing; entertainment services; the real estate business;
prospecting, exploring and exploiting of natural resources, ecological
projects and the environment; education and training, and professional services
i.e. legal, accounting, tax…
The conditions required
by Vietnam laws on investment toward
the foreign investors are business requirements that the
investor must meet after the incorporation of the company, not as a
condition for receiving the investment license. However, in the case of a
foreign investor applies for an investment license for a new project, the
law requires that all business conditions must be satisfied before the grant of
the investment license.
Conditions that the
foreign investors have to meet when investing in conditional business could be
related to the forms of the investment, the nationality of foreign investors,
the professional expertise of the investor, the scale of investment projects,
type of goods and services, time implementation of investment projects.
Source: ANTLawyers.vn
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