Doing Business in Vietnam

ASTC supports foreign investors across the full lifecycle of their presence in Vietnam: market entry → operation → restructuring → exit.

1. Market entry and investment structuring

Topic Scope of work
Choice of presence Compare representative office, branch, wholly foreign-owned enterprise, joint venture, and capital contribution / share acquisition — against market access conditions, tax and control
Investment structure Advise on a tax-efficient ownership structure, taking relevant double tax agreements into account
Implementation plan A procedural roadmap, the documents to prepare and the expected timing of each step

Market access conditions for foreign investors are set out in the Law on Investment, the international treaties to which Vietnam is a party, and sector-specific legislation, and change over time. A conclusion for a specific business line must be confirmed against the source legislation in force at the date of filing.

2. Corporate registration and licensing

  • Investment Registration Certificate (IRC)
  • Enterprise Registration Certificate (ERC)
  • Sector licences for conditional business lines
  • Tax registration, company seal, direct investment capital account, digital signature and e-invoicing registration

3. Work permits, visas and temporary residence cards

  • Establishing the need to employ foreign workers
  • Work permit applications, or confirmation of exemption from the work permit requirement
  • Visas and temporary residence cards for employees and dependants
  • Advice on personal income tax and compulsory insurance obligations for foreigners working in Vietnam

4. Ongoing operation and compliance

  • Tax, accounting, labour and investment compliance calendars managed on the ASTC EMS platform
  • Updates on legal changes that affect the company directly
  • Support with IRC/ERC amendments on changes to capital, business lines, location or legal representative

5. Restructuring, downsizing and dissolution

Situation How we help
Ownership restructuring, transfer of capital contribution Advice on procedure, tax on capital transfer, and the required filings
Downsizing and workforce reduction Options under the Labour Code, severance obligations and procedures with the authorities
Project termination and company dissolution Tax finalisation, tax code closure, asset treatment and investment project termination procedures

Professional note: this page describes the scope of our services. Advice on any specific transaction is issued in writing, with its legal basis and a risk assessment, and applies only to the circumstances, documents and date stated in that advice.