{"id":478,"date":"2025-12-12T12:13:28","date_gmt":"2025-12-12T12:13:28","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/?page_id=478"},"modified":"2025-12-14T06:59:32","modified_gmt":"2025-12-14T06:59:32","slug":"setting-up-company-in-vietnam","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/setting-up-company-in-vietnam\/","title":{"rendered":"Setting Up Company in Vietnam"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"478\" class=\"elementor elementor-478\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f0c5255 e-flex e-con-boxed e-con e-parent\" data-id=\"f0c5255\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-443c54d e-con-full e-flex e-con e-child\" data-id=\"443c54d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-d0eadd1 e-con-full e-flex e-con e-child\" data-id=\"d0eadd1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-09ebbdf elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"09ebbdf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><u>Home <\/u><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/overseas-company-setup\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Overseas Company Setup<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Setting Up Company in Vietnam <\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14054aa elementor-widget elementor-widget-heading\" data-id=\"14054aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Setting Up Company in Vietnam\nfrom Singapore<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0870f79 elementor-widget elementor-widget-text-editor\" data-id=\"0870f79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"font_8 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">CALL +65 98638665 if you need a quote or Email <a href=\"mailto:enquiry@shkoh.com.sg\">enquiry@shkoh.com.sg<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b677b1 e-con-full e-flex e-con e-child\" data-id=\"5b677b1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7119f30 elementor-widget elementor-widget-spacer\" data-id=\"7119f30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5fafe68 e-flex e-con-boxed e-con e-parent\" data-id=\"5fafe68\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a5f35e6 elementor-widget elementor-widget-text-editor\" data-id=\"a5f35e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h4 class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Why you should set up a company in Vietnam?<\/span><\/h4><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Setting up a company in Vietnam can be an enticing prospect for many entrepreneurs and businesses, thanks to a myriad of factors ranging from its growing economy to its strategic geographical location. In this comprehensive exploration, we&#8217;ll delve into the reasons why Vietnam presents a compelling case for setting up a company, encompassing economic opportunities, business-friendly policies, a skilled workforce, favorable demographics, and more.<\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">1. Robust Economic Growth<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam&#8217;s economy has been experiencing robust growth over the past few decades, making it one of the fastest-growing economies in the world. With an average GDP growth rate of around 6-7% annually, Vietnam offers a dynamic and flourishing market for businesses across various sectors. This sustained economic expansion provides a fertile ground for startups and established companies alike to thrive and expand their operations.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">2. Strategic Geographical Location<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Situated in Southeast Asia, Vietnam boasts a strategic geographical location that serves as a gateway to the larger ASEAN (Association of Southeast Asian Nations) market comprising over 600 million people. Its proximity to key markets such as China, India, and other ASEAN countries, along with access to international shipping routes, makes it an ideal hub for trade and investment activities.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">3. Favorable Investment Environment<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam has been actively pursuing economic reforms and liberalization policies to attract foreign investment. The government has implemented various measures to streamline administrative procedures, reduce bureaucratic hurdles, and improve the ease of doing business. Additionally, Vietnam offers attractive incentives such as tax breaks, preferential treatment for certain industries, and land lease incentives to encourage foreign investment.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">4. Young and Dynamic Workforce<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam possesses a young and rapidly growing workforce, with a median age of around 30 years. The country&#8217;s large pool of labor is known for its diligence, adaptability, and eagerness to learn, making it highly attractive for businesses seeking skilled and affordable manpower. Furthermore, Vietnam&#8217;s increasing focus on education and vocational training ensures a continuous supply of qualified talent across various industries.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">5. Rising Middle Class and Consumer Market<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">The burgeoning middle class in Vietnam is driving significant changes in consumer behavior and spending patterns. As disposable incomes rise, there is a growing demand for a wide range of goods and services, including consumer electronics, automobiles, healthcare, education, and leisure activities. This presents lucrative opportunities for businesses looking to tap into Vietnam&#8217;s expanding consumer market.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">6. Infrastructure Development<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam has been making substantial investments in infrastructure development to support its growing economy. Major projects encompassing transportation networks, energy facilities, industrial parks, and urban infrastructure are underway, enhancing connectivity and facilitating business operations across the country. The modernization of infrastructure not only improves logistics and distribution capabilities but also attracts investment in key sectors.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">7. Advantageous Trade Agreements<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam&#8217;s active participation in regional and international trade agreements has further bolstered its appeal as a business destination. The country is a member of numerous trade pacts, including the ASEAN Free Trade Area (AFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). These agreements provide preferential access to vast markets and reduce trade barriers, offering significant advantages for companies operating in Vietnam.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">8. Thriving Startup Ecosystem<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Vietnam has witnessed the emergence of a vibrant startup ecosystem, particularly in tech-related industries such as e-commerce, fintech, and software development. Supported by a growing number of incubators, accelerators, and venture capital funds, the startup scene in Vietnam is teeming with innovation and entrepreneurial spirit. With a young and tech-savvy population, Vietnam offers fertile ground for startups to flourish and scale their businesses.<\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\">9. Cultural Richness and Quality of Life<\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">Beyond its economic opportunities, Vietnam boasts a rich cultural heritage, stunning natural landscapes, and a diverse culinary scene, making it an attractive destination for expatriates and foreign professionals. Cities like Hanoi and Ho Chi Minh City offer a vibrant lifestyle with modern amenities, affordable living costs, and a welcoming atmosphere, enhancing the overall quality of life for residents and expats alike.<\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><br class=\"wixui-rich-text__text\" \/><span class=\"wixui-rich-text__text\">Vietnam presents a compelling case for setting up a company, offering a combination of robust economic growth, favorable investment environment, strategic location, skilled workforce, and burgeoning consumer market. With its proactive government policies, supportive business ecosystem, and abundant opportunities across various sectors, Vietnam continues to attract businesses and investors from around the globe. Whether you&#8217;re a startup looking to tap into a dynamic market or an established company seeking to expand your presence in Southeast Asia, Vietnam holds immense potential for growth and success.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-df7d4f4 e-flex e-con-boxed e-con e-parent\" data-id=\"df7d4f4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d9d422e e-con-full e-flex e-con e-child\" data-id=\"d9d422e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d29fc0a elementor-widget elementor-widget-image\" data-id=\"d29fc0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"979\" height=\"647\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/Image-by-Minh-Minh.avif\" class=\"attachment-full size-full wp-image-480\" alt=\"\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/Image-by-Minh-Minh.avif 979w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/Image-by-Minh-Minh-300x198.avif 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/Image-by-Minh-Minh-768x508.avif 768w\" sizes=\"(max-width: 979px) 100vw, 979px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f110c7 e-flex e-con-boxed e-con e-parent\" data-id=\"4f110c7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-57205c4 elementor-widget elementor-widget-text-editor\" data-id=\"57205c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h4 class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">What to Take Note of When You Set Up a Vietnamese Company<\/span><\/span><\/h4><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnam is an increasingly popular destination for foreign investors looking to tap into a fast-growing, dynamic economy in Southeast Asia. With its strategic location, competitive labor costs, and youthful population, Vietnam offers vast opportunities across manufacturing, services, technology, and more. However, setting up a company in Vietnam involves a number of legal, administrative, and cultural considerations. Here\u2019s what you need to take note of when establishing a Vietnamese company.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">1. Understand the Market and Business Environment<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Before registering a company, conduct thorough market research. Understand the demand for your products or services, your competitors, and the regulatory landscape. Vietnam has been actively improving its business climate, but certain sectors may still be subject to restrictions, foreign ownership caps, or special approvals. Prior knowledge of these issues will help you avoid costly delays.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Industries such as real estate, telecommunications, education, logistics, and pharmaceuticals may require special licenses or come with restrictions on foreign ownership. Meanwhile, sectors like manufacturing, IT, and hospitality are generally more open to foreign investment.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">2. Choose the Right Legal Structure<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnam offers several types of legal entities for foreign investors, and selecting the right one is crucial:<\/span><\/span><\/p><ul class=\"font_9 color_37 wixui-rich-text__text\"><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Limited Liability Company (LLC): The most common structure, either as a single-member (wholly foreign-owned) or multi-member company. It offers flexibility and limited liability protection.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Joint Stock Company (JSC): Suitable for larger ventures or when planning to raise capital via equity markets. Requires at least three shareholders.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Representative Office (RO): Not allowed to conduct revenue-generating activities. Useful for market research, liaison, or promotion.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Branch Office: A foreign company can establish a branch in Vietnam but only in sectors open to foreign investment and typically in service industries.<\/span><\/span><\/p><\/li><\/ul><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Choosing the right structure affects your tax obligations, liabilities, and ability to raise capital.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">3. Company Registration and Licensing Requirements<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">To legally operate in Vietnam, you must go through a formal registration process:<\/span><\/span><\/p><ul class=\"font_9 color_37 wixui-rich-text__text\"><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Investment Registration Certificate (IRC): This is required for foreign investors and confirms the right to invest in Vietnam.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Enterprise Registration Certificate (ERC): After receiving the IRC, you need to obtain the ERC, which registers your business as a legal entity.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Business License or Additional Licenses: Depending on your industry, further licenses may be required (e.g., for retail trading, education, or food and beverage).<\/span><\/span><\/p><\/li><\/ul><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Processing times for the IRC and ERC typically range from 15 to 45 working days, but delays can occur depending on the complexity of the business and local authorities.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">4. Capital Requirements<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnam does not impose a strict minimum capital requirement for most sectors, but your declared capital must be realistic enough to cover your operational expenses. For certain industries, such as real estate development or financial services, higher capital thresholds apply.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">You must also inject the registered capital within 90 days to 12 months after the company is established, depending on the capital schedule you submitted. Non-compliance may lead to penalties or revocation of your license.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">5. Local Office and Staffing<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Foreign companies are required to have a registered local address in Vietnam, which serves as the legal and operational base. This address must be valid and suitable for business use\u2014home addresses typically don\u2019t qualify.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">When hiring staff, note that labor regulations in Vietnam are strict. Employment contracts, working hours, social insurance contributions, and personal income tax deductions must comply with local labor laws. Foreign workers also require work permits and visas, which take time to process and have eligibility criteria.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Many foreign companies hire a local HR agency to manage employment, payroll, and compliance.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">6. Taxation and Accounting Compliance<\/span><\/span><\/strong>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnam has a relatively straightforward tax system, but it requires diligence and timely reporting:<\/span><\/span><\/p><ul class=\"font_9 color_37 wixui-rich-text__text\"><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Corporate Income Tax (CIT): Standard rate is 20%, with higher rates for special industries.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Value Added Tax (VAT): Generally 10%, applied to most goods and services.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Foreign Contractor Tax (FCT): Applicable when foreign entities provide services to Vietnamese companies.<\/span><\/span><\/p><\/li><li class=\"wixui-rich-text__text\"><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Personal Income Tax (PIT): Employers must withhold and remit PIT on behalf of employees.<\/span><\/span><\/p><\/li><\/ul><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">You are also required to maintain proper accounting books in Vietnamese and submit periodic reports. Engaging a local accounting firm can help avoid penalties for non-compliance.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">7. Intellectual Property Protection<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnam follows international standards for IP protection, and it\u2019s important to register your trademarks, patents, and other IP rights early. Local enforcement is improving, but it still requires active monitoring. Counterfeit goods and brand imitation remain issues in certain industries.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Registering your IP with the National Office of Intellectual Property (NOIP) helps safeguard your business interests in Vietnam.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">8. Cultural and Language Considerations<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Vietnamese is the official language, and all documents must be submitted in Vietnamese. Working with reliable translation partners and local consultants is vital. Additionally, understanding Vietnamese business culture\u2014such as the importance of relationships (guanxi), hierarchical decision-making, and negotiation etiquette\u2014can greatly affect your success.<\/span><\/span><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Building strong relationships with local stakeholders, employees, and government officials will facilitate smoother business operations and open more doors for growth.<\/span><\/span><br class=\"wixui-rich-text__text\" \/>\u00a0<\/p><p class=\"font_9 wixui-rich-text__text\"><strong><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">9. Engage a Local Consultant or Law Firm<\/span><\/span><\/strong><\/p><p class=\"font_9 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\"><span class=\"color_37 wixui-rich-text__text\">Navigating the Vietnamese regulatory system can be challenging, especially for first-time foreign investors. Partnering with a local business consultancy or law firm familiar with foreign direct investment (FDI) regulations will help streamline the incorporation process, reduce risk, and ensure compliance from day one. Or you could work with Koh Management to assist you with the registration process.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a43ae1b e-flex e-con-boxed e-con e-parent\" data-id=\"a43ae1b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ccf1e93 e-con-full e-flex e-con e-child\" data-id=\"ccf1e93\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e494163 elementor-widget elementor-widget-text-editor\" data-id=\"e494163\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>CALL +65 98638665 if you need a quote or Email<a href=\"mailto:Tommyksh@shkoh.com.sg\"> Tommyksh@shkoh.com.sg<\/a>\u00a0<span class=\"color_15 wixui-rich-text__text\"><span class=\"wixui-rich-text__text\">or visit us at <\/span><\/span><span class=\"wixui-rich-text__text\">7500A Beach Road, The Plaza\u00a0<\/span><span class=\"wixui-rich-text__text\">#09-324, Singapore 199591 (near Bugis MRT)\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-35fddff e-flex e-con-boxed e-con e-parent\" data-id=\"35fddff\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-fe1b4b3 e-con-full e-flex e-con e-child\" data-id=\"fe1b4b3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5760250 elementor-widget elementor-widget-image\" data-id=\"5760250\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"417\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/shkoh-logo.png\" class=\"attachment-large size-large wp-image-128\" alt=\"\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/shkoh-logo.png 972w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/shkoh-logo-300x156.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/wp-content\/uploads\/2025\/12\/shkoh-logo-768x401.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a27feed e-con-full e-flex e-con e-child\" data-id=\"a27feed\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d9c05e8 elementor-widget elementor-widget-text-editor\" data-id=\"d9c05e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Koh Management (previously known as S.H. Koh Secretarial &amp; Managament Pte Ltd) was founded by Director Koh Swee Hock in the Year 1984. Over the years, under the guidance of Mr Koh, it has since established a reputation for quality and professionally accounting and secretarial services for SMEs and young start-ups. With 30 over years of experience and also a young team working with him to expand his business within the startup circle, Koh Management has grown from strength to strength.<\/p><p>Koh Management takes pride in the work assigned to them and always goes the extra mile to ensure that our clients are provided with quality services and solutions for their businesses. Should you require any assistance about your business process, administrative matters, feel free to contact our friendly staff at Koh Management. We look forward to serving your business needs.<\/p><p>Koh Management is currently working with K Cloud Accounting Pte Ltd to provide Xero Accounting Services for startup companies through Cloud Based Accounting Software Services for SMEs &amp; Startups. If you are keen on working with us through Cloud accounting, we are keen to talk to you about this!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Overseas Company Setup Setting Up Company in Vietnam Setting Up Company in Vietnam from Singapore CALL +65 98638665 if you need a quote or Email enquiry@shkoh.com.sg Why you should set up a company in Vietnam? Setting up a company in Vietnam can be an enticing prospect for many entrepreneurs and businesses, thanks to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-478","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Setting Up Company in Vietnam - KOH Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.shkoh.com.sg\/setting-up-company-in-vietnam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Setting Up Company in Vietnam - KOH Management\" \/>\n<meta property=\"og:description\" content=\"Home Overseas Company Setup Setting Up Company in Vietnam Setting Up Company in Vietnam from Singapore CALL +65 98638665 if you need a quote or Email enquiry@shkoh.com.sg Why you should set up a company in Vietnam? 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