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When a foreign investors want to investment in Vietnam, it is necessary to know about conditions and procedures according to Vietnamese regulations
Business License (which is commonly known as “Trading License”) now is governed by Decree 09/2018/ND-CP provide guidance on the Law on Commerce and the Law on Foreign Trade Management regarding goods trading activities of FIEs. Under this decree, Business License is no longer required for foreign invested enterprises to conduct export, import and wholesale distribution activities for goods permitted under Vietnam’s WTO Commitments (except from lubricants).
By continually issuing favorable policies and incentives, it is clear that Vietnam is regarded as the friendly investment environment, which attracts investors put a huge amount of cash flow in Vietnam. However, enterprises and individuals, before being entitled to conduct business in Vietnam shall need to meet some specifics conditions as promulgated under the Law on Investment, Law on Enterprise.
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