Investment in tourism and hospitality in Danang, Vietnam

Investment in tourism and hospitality in Danang, Vietnam

DMS Law Firm specializes in inward foreign investment consultation in Da Nang city, Vietnam. We work directly with foreign clients (English speaking)

Why invest in Tourism and Hospitality in Da Nang city, Vietnam ?

Da Nang has a natural area of 1,284.9 km2 and a population of 1.1 million persons (Source: GSO, Summary year book 2019). It is the largest city in the central region and a tourist destination of Vietnam. It is located midway between the two largest cities of Vietnam: Hanoi and Ho Chi Minh City (HCMC). Travelling to Da Nang city is quite convenient through international airport, seaport, National Route 1A and North - South Railway system. Da Nang possesses beautiful beaches and is a “green city” in Vietnam (National Green City 2018, voted by The World Wide Fund for Nature). It is very close to Hoi An ancient charming town, My Son Sanctuary (UNESCO World Heritage) and Hue ancient imperial capital. These are favorable features for the development of tourism and hospitality sector in the city. This explains why Da Nang city has attracted many investors to invest in travelling services, lodging services, food and drink services, HotelRestaurantCafe (Horeca).

DMS Law firm services for foreign investors:

If you are planning to invest in tourism and hospitality in Da Nang city and looking for legal consultancy services, do not hesitate to contact DMS Law Firm at (+84) 989 157 682 or email to dmslawfirm@gmail.com

DMS Law Firm specializes in inward foreign investment consultation in Da Nang city. We work directly with foreign clients (English speaking) to give advice and implement registration procedures on behalf of clients.

Our specialized attorney and expert are able to advise client on the conditions applicable to foreign investors, such as: forms of investment, percentage ownership of foreign investors in the company, scope of investment activities, requirements regarding Vietnamese partners in the project, tax and other investment incentives. Further, our lawyer and certified accountant are capable to recommend appropriate solution to each particular client and support them in the post incorporation period.

Forms of foreign investment in Vietnam

Central Product Classification (CPC) for tourism and hospitality services:

CPC 64110: Hotel lodging services

CPC 642: Food serving services

CPC 643: Beverage serving services for consumption on the premises

CPC 747: Travel agency, tour operator and tourist guide services

CPC 7471: Travel agency and tour operator services

For Consultancy:

Call: (+84) 989 157 682 or Email: dmslawfirm@gmail.com

Investment in tourism and hospitality in Da Nang city, Vietnam

Prepared by:
Thi-Ha Nguyen, ACCA
DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son

RELATING ITEMS

Procedures for application of investment incentives in Vietnam

Procedures for application of investment incentives in Vietnam

16 Jun, 2020// Group: LAW ON INVESTMENT

With respect to projects for which an Investment Registration Certificate (IRC) is issued, the investment registration agency shall write

Conditional business lines in Vietnam

Conditional business lines in Vietnam

04 Jun, 2020// Group: LAW ON INVESTMENT

Sectors and trades subject to conditional business investment are sectors and trades in which business investment activities must meet certain conditions

Sectors and trades banned from business investment

Sectors and trades banned from business investment

09 May, 2020// Group: LAW ON INVESTMENT

Foreign investors can invest in all sectors not prohibited by law. The following business investment activities are prohibited in Vietnam

List of conditional business lines in Vietnam

List of conditional business lines in Vietnam

09 May, 2020// Group: LAW ON INVESTMENT

Foreign investors who invest in conditional business sectors in Vietnam shall comply with the specific investment conditions prescribed in the Law on Investment

Business lines eligible for special investment incentives in Vietnam

Business lines eligible for special investment incentives in Vietnam

09 May, 2020// Group: LAW ON INVESTMENT

Foreign investors may invest in business lines eligible for special investment incentives in Vietnam