Invest to set up 100% FDI company in Vietnam

Hi DMS Law firm in Vietnam! Can a foreign company invest to set up a 100% FDI company in Vietnam ? Can you advise about establishing a 100% foreign owned company in Vietnam ?

Hi!

Foreign enterprises are allowed to establish commercial presence in Viet Nam in the form of 100% foreign-invested enterprise (Vietnam’s  WTO Commitments on Services, dated October 27, 2006).

Foreign invetors are allowed to establish company in accordance with the law of Vietnam. Before establishing a company, the foreign investor must have an investment project and apply for a Certificate of investment registration following the procedures in Article 37 of the Law on Investment No. 67/2014/QH13 dated November 26, 2014 and must satisfy the following conditions:

The investor’s share of charter capital satisfies the requirements in Clause 3 Article 22 Law on Investment No. 67/2014/QH13 dated November 26, 2014;

The form of investment, operating scope, Vietnamese partners, and other aspects are conformable with the international agreements to which the Socialist Republic of Vietnam is a signatory (Article 22 Law on Investment No. 67/2014/QH13 dated November 26, 2014).

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Invest to establish 100% foreign owned company in Vietnam