Vinh Phuc eRegulations

FIRST TIME INVESTORS

First time foreign investors can either create a company or sign a business cooperation contract (BCC) with a Vietnamese partner. In both cases, they need to obtain an investment certificate.

The application process depends on the location of the registered office of the company or BCC (inside or outside industrial zones).

Company creation

Foreign investors can create local companies under the form of: limited liability company (LLC) or joint stock company (JSC); they can be either 100% foreign owned or in joint venture with Vietnamese partners.

The company creation process is the same for all types of companies. However, it varies depending on the following factors:

- location (inside or outside industrial zones). Vinh Phuc People's Committee encourages to locate manufacturing projects inside industrial zones.

- whether investors intend to lease land or rent a simple office.

- special requirements (e.g. a feasibility study) apply to projects about than VND300 billions (USD14 millions).
- With simple office lease
  - Outside industrial zones
  - Inside industrial zones
  With simple office lease
  New ticket
- With land lease and construction permit
  
  Land is State-owned in Viet Nam. The lease term is limited to 50 years (up to 70 years in special cases).
  - Outside industrial zones
  - Inside industrial zones
    - Land managed by industrial zone infrastructure developer
    - Land managed by State authorities
    Inside industrial zones
    New ticket
  With land lease and construction permit
  New ticket
Company creation
New ticket

Business Cooperation Contract (BCC)

Foreign investors can invest in Viet Nam without creating a company. They can sign with a Vietnamese company or individual a business cooperation contract (BCC), in which parties jointly undertake business activities and share the resulting profits. The Vietnamese company can be owned by nationals, by foreigners or be a joint-venture.
- Outside industrial zones
- Inside industrial zones
Business Cooperation Contract (BCC)
New ticket