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Many “American eagles” expressed their desire to invest and expand into Vietnam

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Many “American eagles” expressed their desire to invest and expand into Vietnam After the Covid-19 pandemic with unremitting efforts, Vietnam has affirmed its capacity in all aspects with other countries, especially the capability to fight against Covid and quick return focus to business. Therefore, Vietnam is becoming an attractive investment destination for global investors including American companies. With the stable political situation, young and abundant human resources and commitment to investment facilitation from the Vietnam Government, it has become a great motivation for American investors to choose Vietnam as a safe and effective investment destination to expand business and  set up company in Vietnam . On the occasion of Vietnam Prime Minister Pham Minh Chinh’s business trip to attend the Special Summit to celebrate the 45th anniversary of ASEAN- America relations, many big American enterprises such as Intel, Apple and Google have shared their desire to expand th...

How Foreign Entity Could Set up a Branch Office in Vietnam

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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...