This is the information published by the Department of Planning and Investment Accordingly, the situation of industrial production in the first 8 months of 2016 in Hanoi is relatively stable with positive growth rate. In particular, attracting foreign direct investment (FDI) increased, accrued to the date of August 30th 2016 reached 374 FDI projects (including 256 new projects and 118 projects that increase the capital). The total registered capital reached 2079.37 million USD, exceeding the target of 2016. Currently in the city there are 3,…
According the Vietnam Law on Enterprises, there are four common types of companies: - Private enterprise is an enterprise owned by an individual who is liable for all of its operations with his/her entire property; - Partnership is an enterprise in which (i) there are at least two partners who are co-owners of the company, jointly conduct business under one common name; in addition to general partners, there may also be limited partners; (ii) general partners to a partnership must be individuals who are liable for all obligations of the part…
The Law on investment 2021 has a lot of investment incentive policies in economic sectors in Vietnam for foreign investors. Foreign investors that invest in Vietnam in general and Hanoi in particular for the first time must have investment projects and fill in investment registration or examination procedures at state agencies in charge of investment in order to be granted Investment Registration Certificates (“IRC”) and Enterprise Registration Certificate (“ERC”). Company with 100% foreign capital has founded and operated from the date of iss…
From 01/01/2021, the Law on Investment 2020 in Vietnam came into force. According to the Vietnam Law on Investment 2020, there are five types of foreign investment in Vietnam . Investment in the establishment the economic organizations: This type comprises two methods: Establishment of a company with 100% capital from foreign investors or establishment of a company between the domestic investors or the domestic government and foreign investors. Before establishing the economic organizations, the investors must have the investmen…
Over the years, Hanoi city has organized quality conferences of foreign investment attraction, focusing on implementing measures to attract transnational corporations engaged in investment and business in Hanoi . To perform domestic and international cooperation activities on investment promotion. Hanoi is constantly promoting and improving the efficiency of investment promotion activities, creating a reasonable and effective connection between domestic and foreign investment promotion activities in Hanoi in all fields, economic sectors; conne…
On December 29th, 2020, representatives of Vietnam and the United Kingdom signed the free trade agreement negotiation between the Socialist Republic of Vietnam and the United Kingdom of Great Britain and Northern Ireland (UKVFTA) in London, United Kingdom. It would open up opportunities for flow of goods and that investors from UK to make investment in Vietnam through setting up company , and manufacturing facilities. After December 31st, 2020, the Vietnam – EU free trade agreement (EVFTA) will no longer apply to the UK due to Brexit, so the …