Vietnam, located at the eastern end of the Indochina Peninsula in Southeast Asia, borders Cambodia, Laos and China. Vietnam is a member of the Association of Southeast Asian Nations. Vietnam has established diplomatic relations with 180 countries and established cooperative relations with 20 international organizations and more than 480 non-governmental organizations.
Vietnam’s geographical advantages. Among Southeast Asian countries, although Vietnam’s position is not the best one, it is the most distinctive one. The long coastline makes Vietnam have many high-quality port cities, such as Haiphong, Hue, Danang and so on. These cities are arranged along the coastline of Vietnam from south to north. They are the forefront of Vietnam’s attraction of foreign investment and economic development. The current era belongs to the era of the ocean. To carry out foreign exchanges and cooperation, we must rely on port cities, and Vietnam has exactly this advantage. In recent years, with the development of Vietnam’s economy, foreign capital has gradually entered these coastal cities and established modern industrial parks.
Minimum registered capital: There are no restrictions on the total investment and registered capital of foreign-funded enterprises in Vietnam, but the legal capital shall not be less than 30% of the investment. For encouraged and larger investment cases, the legal capital is allowed to be reduced to 20% of the investment. In practice, it is recommended to register a minimum of 100,000 US dollars (about 3.1 million Taiwan dollars / 710,000 yuan). If it is less than 100,000 US dollars, the local government will generally not grant approval.
Sole proprietorship company/factory registered capital and time of completion
|Registered capital (USD)||In place||Extendable||Total|
|100,000 – 2 million||0.5 Year||0.5 Year||1 Year|
|2 million -10 million||1 Year||0.5 Year||1.5 Year|
|≧10 million||1.5 Year||0.5 Year||2 Year|