Starting a business in Vietnam

It can be done, many have done it, but you may need a VN partner.

Yes, you can open it but you need VN partner in case.

If you are a foreign investor, then you can start a business under your name. Therefore you don't need to have Vietnamese partner. But it depends on what category business you want to open in Vietnam.

Coll-wing wrote:

If you are a foreign investor, then you can start a business under your name. Therefore you don't need to have Vietnamese partner. But it depends on what category business you want to open in Vietnam.

It also comes down to how much is being invested.

Maybe a coffee house something along that line

colinoscapee wrote:

Coll-wing wrote:

If you are a foreign investor, then you can start a business under your name. Therefore you don't need to have Vietnamese partner. But it depends on what category business you want to open in Vietnam.

It also comes down to how much is being invested.

It doesn't matter how much need to invest the investment just number on paper. The best way consult law company in here, and they will guide what we have to do.  (Vietnamese lawyer charge ridiculer price from foreigner)

rmharris wrote:

Maybe a coffee house something along that line

In this case, you should go with Vietnamese partner to protect yourself with local business. You can register the business under Vietnamese name then, if you feel safer doing business in Vietnam, then you can buy this company as a foreign investor. So that you can be a 100% business owner of your business.

http://www.healyconsultants.com/vietnam … setup-llc/

You missed out:
- To be ripped off by dishonest partners and corrupt officials.
- To have to pay bribes at every turn of the way.

JessicaTranOanh wrote:

Unless the OP is opening a huge cafe business or a chain of them, I doubt this info would be relevant.

eodmatt wrote:

You missed out:
- To be ripped off by dishonest partners and corrupt officials.
- To have to pay bribes at every turn of the way.

The Sheraton Hotel was inspected 14 times in one year by numerous officials, it's a pity they cant be as diligent with SOE.

colinoscapee wrote:

eodmatt wrote:

You missed out:
- To be ripped off by dishonest partners and corrupt officials.
- To have to pay bribes at every turn of the way.

The Sheraton Hotel was inspected 14 times in one year by numerous officials, it's a pity they cant be as diligent with SOE.

A project I was involved with had to buy three motorbikes (new un-used and only the best), so that certain officials could visit the site from time to time to ensure that "standards were being maintained". This in an area of expertise where there are no standards in Vietnam.

JessicaTranOanh wrote:

If like that what  what are the disadvantage of foreigner been 100%  own business in Vietnam???????

Interestingly, 22 senior managers and directors involved in the Vn oil and gas industry appeared in court today facing charges of corruption (well, "inappropriate investment and funding practices" or words to that effect).

The national bank and other banks will have directors and senior staff attending court soon too.

So there is a glimmer of hope for a good  cleanup of corruption in Vietnam?

Doubtful. It's more like a clean out of people so that a fresh bunch of suspects with different allegiances can be installed.

Business as usual.

And with reference to my post above, it transpires that a bunch of foreign embassies and trade organisations have sent delegates to the court to view the proceedings.

Somewhat interesting, what?

With my opinion foreigner can be own 100% in Vietnam, but there will be so many disadvantages of them especially Vietnamese law only protect Vietnamese, and Foreigner cannot access so many functions in his/her business category.  So there will be so many trouble will coming once they set up 100% as a foreign investor. But the international investors who come to the substantial capital them may be possible.