Setting Up a Business in Vietnam: A Comprehensive Guide for Investors

LHD Law Firm is one of Vietnam’s leading law firms, renowned for providing comprehensive legal services to foreign investors, multinational corporations, and local enterprises. With more than 15 years of experience, LHD has built a strong reputation for its in-depth legal expertise, client-centered approach, and ability to navigate the complex regulatory environment in Vietnam.

Setting up business in Vietnam has become an increasingly attractive option for foreign investors, multinational corporations, and global entrepreneurs seeking to tap into the vibrant and rapidly growing Southeast Asian market. With a population of over 100 million, a young and tech-savvy workforce, political stability, and a government strongly committed to international integration, Vietnam offers a fertile environment for business development across various sectors – from manufacturing and real estate to technology, retail, logistics, and renewable energy.

Over the past decade, Vietnam has signed a wide range of free trade agreements (FTAs), including the CPTPP, EVFTA, and RCEP, which not only reduce tariffs but also provide preferential access to global markets. Coupled with supportive policies for foreign direct investment (FDI), modern infrastructure, and continuous digital transformation, the country is positioning itself as one of the most promising destinations for business expansion in Asia.

However, setting up a business in Vietnam requires more than just market enthusiasm – it demands a solid understanding of the country’s legal, tax, and regulatory landscape. The process of incorporation can differ depending on your business model and sector, and may involve several steps, including:

  1. Choosing the appropriate legal entity (e.g., 100% foreign-owned company, joint venture, representative office)
  2. Obtaining the Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC)
  3. Registering the business address and legal representative
  4. Drafting and submitting charter documents, shareholder agreements, and company seals
  5. Opening bank accounts and registering for tax codes and social insurance
  6. Complying with post-licensing requirements and industry-specific permits

Each of these steps must align with Vietnamese laws, and errors or delays in documentation can result in significant setbacks or legal risks. That’s why many investors choose to work with experienced law firms in Vietnam who specialize in business setup, foreign investment, and corporate compliance.

A trusted legal partner can assist with:

  1. Navigating investment incentives and regulatory procedures
  2. Drafting bilingual contracts, MOUs, and joint venture agreements
  3. Structuring your business to maximize tax efficiency and legal protection
  4. Advising on employment contracts, labor laws, and dispute resolution
  5. Protecting your intellectual property rights (IPR)

For startups and tech companies, legal consultants can also offer guidance on fintech compliance, data privacy laws, e-commerce licenses, and fundraising from local or foreign investors.

Whether you are establishing a new company, acquiring an existing business, or opening a branch or representative office, setting up business in Vietnam is a strategic move – but success depends on making informed, lawful, and efficient decisions from the very beginning.

With the right legal guidance, foreign investors can enjoy a smooth market entry, long-term sustainability, and full compliance with Vietnamese law – empowering them to thrive in one of Asia’s most dynamic economies.

Our Mission and Vision

Our mission is to provide innovative, practical, and reliable legal solutions that empower clients to grow sustainably and confidently in Vietnam’s dynamic business environment.

Our vision is to become Vietnam’s most trusted legal advisor for business, investment, and international trade, by combining local insight with global standards of professionalism.

Core Practice Areas

  1. Foreign Investment & Business Setup in Vietnam
  2. Guiding foreign investors through all stages of market entry: company incorporation, licensing (IRC/ERC), legal structure, and compliance.
  3. Corporate & Commercial Law
  4. Drafting and reviewing contracts, shareholder agreements, joint ventures, M&A transactions, and corporate governance policies.
  5. Dispute Resolution & Litigation
  6. Representing clients in court, arbitration, and mediation across civil, commercial, labor, and administrative disputes.
  7. Labor & Employment Law
  8. Assisting in employment contracts, internal regulations, HR compliance, and resolving labor disputes.
  9. Tax & Regulatory Compliance
  10. Advising on tax strategies, transfer pricing, audits, and assisting with government inspections.
  11. Intellectual Property Rights (IPR)
  12. Registering and enforcing trademarks, patents, copyrights, and industrial designs for local and international businesses.
  13. Real Estate & Construction
  14. Legal support for property acquisition, project development, construction contracts, and real estate investment procedures.

CONTACT US

LHD LAW FIRM HO CHI MINH CITY

Address: HP Building (7th Floor), 60 Nguyen Van Thu, Da Kao Ward, District 1, Ho Chi Minh City

Hotline: 02822446739

Email: [email protected]

LHD LAW FIRM HANOI

Address: Anh Minh Building (4th Floor), 36 Hoang Cau, O Cho Dua Ward, Dong Da District, Hanoi

Hotline: 02422612929

Email: [email protected]

LHD LAW FIRM DA NANG

Address: 71 Ly Tu Trong, Thach Thang Ward, Hai Chau District, Da Nang City

Hotline: 0905987929

Email: [email protected]

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