{"id":91266,"date":"2025-09-25T09:23:33","date_gmt":"2025-09-25T01:23:33","guid":{"rendered":"https:\/\/premiatnc.com\/vn\/?p=91266"},"modified":"2025-09-25T09:28:16","modified_gmt":"2025-09-25T01:28:16","slug":"how-to-open-a-company-in-vietnam","status":"publish","type":"post","link":"https:\/\/premiatnc.com\/vn\/blog\/how-to-open-a-company-in-vietnam\/","title":{"rendered":"How to Open a Company in Vietnam"},"content":{"rendered":"\n
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Have you thought about opening a business abroad? Vietnam is one of the most up-and-coming countries in the world and well worth considering. It\u2019s also a tech hub, but how to open a company in Vietnam?<\/p>\n\n\n\n

With friendly people and a low cost of living and low wages, it\u2019s the perfect place to consider opening a business. With phenomenal growth every year even despite the COVID restrictions, if you play your cards right you could end up making a lot of money.<\/p>\n\n\n\n

Here\u2019s everything you need to know about how to open a company in Vietnam.<\/p>\n\n\n\n

1.Do Your Research\u00a0<\/strong><\/h2>\n\n\n\n

Before you begin your journey into Vietnam company set up you should do your research. Most experts argue you should come to Vietnam first as a tourist and try to understand and immerse yourself in the culture for at least a month before you open the company.<\/p>\n\n\n\n

Nowadays, most of Vietnamese people could speak English as well as it is in other Asian countries such as Thailand, India, Hong Kong, or China.<\/p>\n\n\n\n

You should also consider reading books such as Startup Vietnam by Andrew Rowan or Crossing the Street: How to Make a Success Of Investing in Vietnam by Andy Ho. These are great for learning about Vietnam business set up.<\/p>\n\n\n\n

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2. Business Lines<\/strong><\/h2>\n\n\n\n

To do a Vietnam company set up<\/a> you must decide what business you will pursue before you open your company and then apply for those specific business lines and only some of those are open to foreigners.<\/p>\n\n\n\n

Your business must also have an initial capital investment that matches the business lines you\u2019ve applied for. The level of capital investment required is evaluated by the local Departments <\/s>of Finance on a case-by-case basis.\u00a0<\/p>\n\n\n\n

Be aware that once you have committed to a specific business line and initial capital investment you must do capital contribution within 90 days of being granted your business license.<\/p>\n\n\n\n

3. Engage a Lawyer<\/strong><\/h2>\n\n\n\n

Personal connections in Vietnam are very important. Laws can also be interpreted in different ways depending on who is applying and in what part of the country.<\/p>\n\n\n\n

You are more likely to succeed if you have a reputable lawyer who can vouch for you. These are not easily found on Google. You will often find lawyers, accountants, and other key people through personal recommendations or friendships you make with other foreign businesspeople in Vietnam.<\/p>\n\n\n\n

If you do attempt to make your application on your own be aware that the application will be completely in Vietnamese and that it requires endless amounts of paperwork.<\/p>\n\n\n\n

4.\u202fApply for Your IRC\u202f\u00a0\u00a0<\/strong><\/h2>\n\n\n\n

The first step, as your lawyers will no doubt advise you, is to apply for your Investment Registration Certificate<\/a>. This is a certificate granting you the ability to invest in Vietnam.<\/p>\n\n\n\n

Any business with foreign direct investment \u2013 regardless of the percentage \u2013 must have an IRC.<\/p>\n\n\n\n

Your application must include a certain amount of capital investment and copies of bank statements showing that you have this amount of money in your bank account.<\/p>\n\n\n\n

Generally, you must also include copies of your passport. If you are setting up the company in partnership with someone else then you must also decide on how the company will be split up: whether it will be 50\/50, 60\/40, or for instance 80\/20. The business lines of the Partnership Company is also an issue to be aware of, as it will determine your maximum rate of your capital in joint venture. Absolutely, your lawyer will be the one to tell you about it before making joint venture.<\/p>\n\n\n\n

5. Apply for Your ERC\u00a0<\/strong><\/h2>\n\n\n\n

The next step is to apply for an Enterprise Registration Certificate<\/a>. This step is easy once you have got your IRC and generally only takes one week for approval. The IRC grants you the right to invest in Vietnam.<\/p>\n\n\n\n

The ERC grants you the right to use that investment to establish a company and complete your Vietnam company formation.<\/p>\n\n\n\n

You will need your ERC to apply for your company stamp, company sign, and to open a company bank account in Vietnam.<\/p>\n\n\n\n

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6. Apply for Visas\u00a0<\/strong><\/h2>\n\n\n\n

Business Visa<\/h3>\n\n\n\n

A business visa is the second most popular kind of visa that\u2019s granted by the Vietnamese government, and they are classified into two kinds: DN1 and DN2.<\/p>\n\n\n\n