7 Key Takeaways on Incorporating a Business in Vietnam
- Vinex Official
- Oct 15, 2025
- 3 min read
In a world shaped by geopolitical tensions, shifting supply chains, and increasing protectionist policies, global corporations continue to pursue new markets where stability, clarity, and legal certainty prevail. Capital still flows toward opportunity — and today, few destinations illustrate that better than Vietnam.
With robust economic fundamentals, a strategic location in Southeast Asia, and steady regulatory reforms, Vietnam has evolved into one of the region’s most promising environments for business incorporation and long-term foreign investment. Its resilience and adaptability make it a trusted investment hub for international corporations seeking to diversify operations across Asia.
This article provides a practical overview for foreign corporations and entrepreneurs exploring business incorporation in Vietnam — outlining the legal framework, banking setup, and compliance essentials necessary for sustainable growth.
Why Vietnam Attracts Global Corporations
The country’s steady GDP growth, political stability, and investor-friendly policies have positioned Vietnam as a rising powerhouse in Asia. Backed by major trade agreements such as CPTPP, EVFTA, and RCEP, foreign corporations benefit from tariff reductions, simplified import–export procedures, and transparent investment laws.
Key Advantages for Corporations Investing in Vietnam | Description |
Trade Integration | Access to 15+ free trade agreements including EVFTA & RCEP |
Strategic Location | Gateway to ASEAN, China, and global logistics routes |
Legal Reforms | Streamlined business registration and corporate tax incentives |
Young Workforce | 70% of population under 40, skilled and adaptable labor |
Digital Administration | E-government and electronic licensing for foreign investors |
These factors make Vietnam not only a cost-efficient manufacturing base but also a strong legal and financial platform for corporate expansion across Southeast Asia.
Legal and Procedural Landscape for Business Incorporation
Setting up a corporation in Vietnam involves several legal and procedural steps — from entity registration to post-licensing compliance. Under the Law on Enterprises (2020) and the Law on Investment (2020), foreign corporations can establish 100% foreign-owned entities in most non-conditional sectors.
Typical setup process:
Investment Registration Certificate (IRC) – issued within 15–30 business days.
Enterprise Registration Certificate (ERC) – processed within 5–10 business days.
Tax Code & Corporate Seal – obtained within 3–5 business days after ERC approval.
Altogether, a well-prepared investor can complete business incorporation in Vietnam within 4–6 weeks.
Phase | Document / Action | Estimated Timeline |
Pre-licensing | Legalized investor documents, office lease | 1–2 weeks |
IIRC Application | Review by Department of Planning & Investment | 2–4 weeks |
ERC Application | Company registration approval | 1 week |
Post-licensing | Seal, tax code, publication | 1 week |
By collaborating with local advisors, corporations can reduce delays and ensure compliance with Vietnamese corporate law and tax regulations.
Strategic Outlook: Vietnam as a Corporate Growth Platform
Vietnam’s business ecosystem represents more than just low-cost production — it’s a strategic platform for innovation, digital transformation, and cross-border corporate partnerships. The government’s continued legal modernization and digital reforms enhance transparency and reliability for international corporations entering the market.
For companies seeking sustainable, compliant expansion in Asia, Vietnam offers a rare combination of growth, governance, and opportunity.
Your Business Deserves Real Legal Minds.
Vinex offers expert legal and business solutions tailored to Vietnam:
Company Formation: Register LLC or JSC, secure ERC/IRC in 1-3 months.
Legal and Tax Advisory: Ensure compliance with transshipment tariffs Vietnam China and local regulations.
Banking and Accounting: Set up accounts, optimize financial reporting.
Secretarial Services: Manage documentation and certifications. Contact Vinex at +84 98 1111 811 or contact@vinex.com.vn to launch your Vietnam venture.
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