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How To Do Business

Doing business in Vietnam as a foreigner involves establishing a legal entity—typically a 100% foreign-owned LLC, joint venture, or representative office—through a multi-step registration process that includes obtaining an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC). LHD Law Firm provides legal services to navigate these procedures, which are crucial for compliance in sectors like manufacturing, logistics, and tech, often requiring tailored advice to meet regulations

How To Do Business

Key Steps to Set Up Business in Vietnam (via LHD Law Firm)

Pre-investment Approval: Registration of investment policy with the provincial People’s Committee.
Investment Registration Certificate (IRC): Required for 100% foreign-owned companies.
Enterprise Registration Certificate (ERC): Official business registration.
Post-Licensing: Corporate e-ID registration, bank account opening, and tax reporting. [1, 2 ]

Structure Options

100% Foreign-Owned Company: Suited for investors seeking full control.
Joint Venture: A 50/50 partnership with a Vietnamese counterpart.
Representative Office: Ideal for market research, but does not allow direct commercial activities

Legal & Regulatory Considerations

Documentation: Requires passport copies, project proposals (scale, location, capital mobilisation).
Investment Capital: Investments between ($5,000) and ($125,000) can help secure long-term visas/temporary residence cards.
Industry Restrictions: While many sectors are open to foreign ownership, restrictions may apply in specific fields, requiring careful compliance checks. [2]

LHD Law Firm highlights that with over 15 years of experience, they assist in navigating these legal complexities to ensure a successful market entry in 2026

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