How Foreign Entity Could Set up a Branch Office in Vietnam
How Foreign Entity Could Set up a Branch Office in Vietnam A foreign business entity or a foreign trader is allowed to set up a branch office in Vietnam to conduct business activities. How to Set up branch office in Vietnam? Having the right to conduct business activities and make profit are how a branch differs from a representative office in Vietnam . A branch depends on the foreign business entity that set-up the branch while a foreign owned company set-up in Vietnam exists by itself. The Vietnam Department of Industry and Trade will be approving the establishment of a branch office in Vietnam while Vietnam Ministry of Planning and Investment will be the State agency that coordinate the setting up a company in Vietnam . In particular, the branch of a foreign business entity in Vietnam (referred to as the “Branch”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to e...