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Set up Branch Office in Vietnam

Hình ảnh
Foreign entity is allowed to set up branch office in Vietnam to conduct business activities according to the law. The branch of a foreign business entity in Vietnam (referred as “The Branch”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member. The Branch will need to apply and obtain the establishment license; and have a seal bearing the name of the Branch. The Branch is permitted to conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a memb...

Set up Representative Office in Vietnam

Hình ảnh
  ANT Consulting offers service to  set up representative office in Vietnam  for foreign traders whom wish to learn about  Vietnam markets  and make investment A foreign business entity or a foreign trader is allowed to establish Representative Office in Vietnam. Representative office of a foreign business entity in Vietnam (referred as “Representative Office”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to survey markets and to undertake a number of commercial enhancement activities permitted by the law of Vietnam. Representative Office will need to apply and obtain the establishment license; and have a seal bearing the name of the representative office. Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services), but the representative O...

Set-up Limited Liability Company in Vietnam

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Limited Liability Company is a form of enterprise which is established by contributing of members. A member shall be liable for the debts and other property obligations of the enterprise within the amount of capital that he/she has undertaken to contribute to the company. Limited liability companies are regulated by two types: One member Limited Liability Company is an enterprise owned by one organization or individual; Limited Liability Company with two or more members is an enterprise owned by organizations or individuals, in which the number of members shall not less than two members and not exceed fifty. Organizational and management structure of Limited Liability Company normally comprise of a Member’s Council, General Director or Director. A limited-liability company established by foreign investors may take the form of either: 100% foreign-owned enterprise (where all members are foreign investors); or; Foreign-invested joint-venture enterprise between foreign investors and at ...

Panasonic Moved Its Factory from Thailand To Vietnam

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  Panasonic will close a large factory outside Bangkok – Thailand early this fall and move production to  set up factory in Vietnam  to get better production efficiency. Specifically, according to Nikkei, Panasonic’s factory in Bangkok will stop producing washing machines in September 2020 and refrigerators in October 2020. The plant itself will be closed in March 2021, a research and development center will also be closed. About 800 employees currently working at the factory in Bangkok will be laid off, but will also be recruited to new positions in the same business. By moving production to Vietnam, Panasonic will save a lot of costs. Panasonic’s factory in Vietnam is currently the largest refrigerator and washing machine manufacturing center in Southeast Asia, the plant’s production capacity has now exceeded the required threshold. This movement also reflects a new phase in manufacturing sector of Southeast Asia. Since the 1970s, Japanese electronics manufacturers have...

Business Formation

ANT Consulting provide the advice and service to assist during the market entry. Vietnam encourages investors to invest in Vietnam through setting up economic organization, contributing capital or acquiring contribution capital, shares in economic organization, invest under Public Private Partnership (PPP) agreement, Business Cooperation Cooperation (BCC). Under each form, the investors have to follow the regulations and procedures under the law on investment with specific on investment conditions, timeline to exploit best of opportunities. Limited Liability Company Joint Stock Company Partnership Representative Office of Foreign Trader Branch of Foreign Trader Investing By Signing Contracts Let ANT Consulting help your business in Vietnam. Read more: https://www.antconsult.vn/what-we-do/market-entry/business-formation

7 basic steps to set up a business and comply with Vietnam laws

Hình ảnh
  Vietnam’s economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business. Therefore, the set up company in Vietnam is always a matter of great interest to foreign investors whom find business opportunities in Vietnam. With the promulgation of the enterprise law, the business setting up process has been adjusted with many favorable regulations for investors. However, in order for a business to be set up and be complied in operation, it must go through the following basic steps: The first step is to  set up a business in Vietnam . To take this step, the investor first needs to determine the type of business to choose to establish and provide the business name and expected information. Accordingly, the composition of the enterprise establishment dossier will be prepared according to regulations and submitted at the Business R...

Assistance In Setting up Business Venture in Vietnam

Hình ảnh
  To help Clients start business in Vietnam, ANT Consulting introduces the service to assist in  setting up business venture in Vietnam . Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or investing in the contractual forms of: BCC, BO, BTO, and BT Types of enterprise for foreign investors to invest in Vietnam are as following: Limited Liability Company A limited-liability company may not issue securities to mobilize capital. Joint Stock Company The main difference between Joint Stock Company and Limited Liability Company is the Joint Stock Company can raise funds by offering shares or securities. In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company. Management system of Joint Stock Company is more complicated than Liability Company. Partnership Unlimited liability pa...