Vietnam is currently a market with a lot of potentials which is available from people to nature, attracting great attention of foreign investors. Moreover, in order to implement policies to attract and preferential investment, the legal framework of the Vietnamese legal system on investment regulations for foreign investors is also more relaxed, creating conditions for foreigners to invest and do business in the domestic market. However, legal issues remain one of the difficult issues for foreign investors when they enter the domestic market.

So in this article, Hong Bang Law Firm with a team of experienced and highly specialized lawyers would like to give Clients notes about the legal problems of foreign investors in Vietnam.

• Firstly, before entering the Vietnamese market, foreign investors need to carefully understand the following issues about investment in Vietnam, such as: Vietnam’s investment policies, investment protection policies, investment incentive policies for foreign investors, legal explanations, the ability to invest as an individual or company, the required conditions when investing in the Vietnamese market.
• Secondly, investors need to determine which business fields they will invest in, the development potential of that field and especially need to determine more possibilities to transform business types in the Vietnamese business environment.
• Thirdly, foreign investors should also look for and refer to the previous investment projects in the Vietnamese market to know the requirements, the ability to adjust, postpone, expand the project progress, the possibility of transferring the project …
• Fourthly, investors also need to understand the regulations on investment capital and charter capital, loans and equity; minimum requirements for foreign investment activities; how long the capital contribution period is; the ability to adjust capital; the ability to withdraw capital or transfer profits back to the country, …
• Fifth, investors should also pay attention to issues around business managers such as the appointment and dismissal of the business manager, what are the standards of the business manager, the conditions of residence in Vietnam, the visa and work permit regulations of the manager, responsibilities and powers of the enterprise manager, …
• Sixth, foreign investors must also understand tax laws related to business activities of enterprises such as tax incentives, tax final settlement, tax refund, …
• Seventh, determine whether the business line is in accordance with the provisions of Vietnamese law.
• Eighth, investors also need to understand the procedures around investment registration.

Hopefully, our sharing based on the above practical experience will help foreign investors to enter the Vietnamese market conveniently and quickly.

If you need advice, for more detailed information and how to use this service, please contact the Deputy director in charge of business directly: Nhat Nam Lawyer via hotline: 0912.35.65.75, 0912.35.53.53 or call hotline 1900.6575 for the free legal advice or send a service request via email: lienheluathongbang@gmail.com

Wish you and your family health, peace and success!

Best regards!