Streamlining Steps to Obtaining a Vietnam Investment Registration Certificate (IRC) for Foreigners
Reading Time: 4 minutesAmid Vietnam’s rapid economic growth and increasing integration into the global market, more foreign investors, including parent companies, are drawn to this promising nation for lucrative opportunities, leading to a surge in company formations in Vietnam, particularly over the last decade. Notably, Vietnam allows 100% foreign ownership in businesses in a wide range of business sectors, except for several business sectors that are limited from accessing market by percentage of foreign-owned shares. E.g., Foreign investors who will invest in motion picture production shall make a capital contribution which may not exceed 51% of the legal capital.
