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Wholly Foreign Invested Company and Joint Venture Company in Vietnam

Foreign Invested Company and Joint Venture Company in Vietnam

Foreign Invested Company and Joint Venture Company in Vietnam

Wholly Foreign Invested Company and Joint Venture Company in Vietnam. Under Vietnam Law, there is no discrimination between a Wholly Foreign Invested Company and a Joint Venture Company.
With respect to several specific investment sector such as telecommunication, logistic, tourism etc, foreign investor must co-operate with at least 01 local partner to setup Joint Venture Company.
In case of co-operation with local partner, foreign investor may enjoy valuable experience of local partner regarding to market, Vietnam Rule and local working environment.

Obviously, Foreign Investor can obtain a considerable convenience through a joint venture with a local partner if the local partner can contribute the Land Use Right to the Joint Venture Company to run the investment project.

Another notable point of a joint venture company is that during the process of establishment, a joint venture company shall be much more favored in comparison with the wholly foreign invested company.

» Establishment of foreign invested company in Vietnam
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