How to establish a foreign company branch in Vietnam?
More and more foreign companies want to invest in Vietnam through the path of establishing branches in Vietnam. We will provide basic information about the procedures to establish a branch in Vietnam through this article. 1. What is a branch of a foreign company under Vietnamese law According to the current provisions of Vietnamese law, foreign companies may set up branches in Vietnam according to the conditions and procedures prescribed by Vietnamese law. The current Vietnamese Law on Enterprises defines an enterprise’s branch as a dependent unit of an enterprise and is responsible for performing all or part of the enterprise’s functions, including the function of authorized representation. Accordingly, the concept of a foreign company branch in Vietnam can be understood as a dependent unit of a foreign company, established and operating in Vietnam according to the provisions of Vietnamese law or treaties. to which the Socialist Republic of Vietnam is a member. 2. Why do foreign...