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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