August 2021

Setting up a Foreign Owned Company in Vietnam

With a fast-growing economy and large population, Vietnam is becoming an attractive option for foreign investors. However, foreign investors have faced constant challenges in starting a business in Vietnam with conflicting laws, administrative difficulties, language barriers and delays in registration/approval processes.

In recent years, the government has made considerable effort with the introduction of the new Law of Investment and the new Law on Enterprise to streamline and simplify the procedures in establishing a foreign company in Vietnam. As such, being well-aware and well-equipped early on with the information and documents required for the establishment of a foreign company in Vietnam can help a foreign investor to make an informed decision on its entry into Vietnam and to minimise any unexpected delays.

This document is the step-by-step procedure to set up a foreign company in Vietnam and each step’s actual timeline based on our experiences.

Subject matters: Company Formation & Incorporation
Jurisdictions: Vietnam
Other Resources
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On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

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