First-time investors must apply for an investment certificate, which is also the incorporation certificate. The investors can chose one of two legal forms as following:

1.Company creation (non-conditional sector)

Investors can create a local company in the forms of limited liability, joint stock, partnership, 100% foreign owned or joint venture with local partner(s). Investors can also create a sole proprietorship company (called private enterprise, but not used in practice since the owner bears unlimited liability on its personal assets).

2.Business Cooperation Contract (BCC)

Doing business without creating new separate legal entity in Vietnam, the investor may sign business cooperation contract with local, joint venture or 100% foreign owned partner(s) in Viet Nam.

This is the advice of the Company Law Vietlink. Legal instructions given above is intended to guide the procedures for organizations and individuals when required. Our attorneys have tried hard to give users the information updated and practical. However, the information and documents referenced laws may have changed by the time users get these ideas. Moreover, in practice there are many texts explaining the different laws, so to be able to manipulate the law to the specific issue, users should consult legal experts or Vietlink lawyers for more specific