Da Nang Investment, Da Nang (2026)

09/10/2024

REGULATIONS ON MONEY TRANSFER FOR THE INVESTMENT PREPARATION PHASE IN VIETNAM 💼🇻🇳

Before being granted an Investment Registration Certificate, Notification of Meeting Conditions for Capital Contribution, Share Purchase, and Purchase of Foreign Investor's Equity, License for Establishment and Operation according to specialized laws, and signing PPP contracts, foreign investors are allowed to transfer money from abroad or from foreign currency accounts or Vietnamese D**g accounts opened at authorized banks in Vietnam to pay for legal expenses during the investment preparation activities in Vietnam. 💵✈️

After being granted the Investment Registration Certificate, Notification of Meeting Conditions for Capital Contribution, Share Purchase, and Purchase of Foreign Investor's Equity, License for Establishment and Operation according to specialized laws, and signing PPP contracts, the amount of money that foreign investors have transferred to Vietnam for investment preparation activities can be used to:

a) Convert part or all into capital contribution; 💰

b) Convert part or all into foreign loans of enterprises with foreign direct investment. In the case of converting into foreign loans, enterprises with foreign direct investment must comply with the law on borrowing and repaying foreign debts. The term of the foreign loan is calculated from the date the project is granted the Investment Registration Certificate, License for Establishment and Operation according to specialized laws, signing PPP contracts, or the date the parties sign the foreign loan agreement (whichever is later) until the final repayment date; 📅

c) Reimburse foreign investors in foreign currency or Vietnamese D**g the amount that has been transferred to Vietnam for investment preparation activities after deducting legal expenses related to investment preparation activities in Vietnam. 💸

If the competent authority does not grant the Investment Registration Certificate, Notification of Meeting Conditions for Capital Contribution, Share Purchase, and Purchase of Foreign Investor's Equity, License for Establishment and Operation according to specialized laws, signing PPP contracts, or if the direct investment project in Vietnam is not continued, foreign investors are allowed to transfer the remaining amount abroad in foreign currency or purchase foreign currency to transfer abroad for the amount transferred to Vietnam and any accrued interest (if any) after deducting legal expenses related to investment preparation activities in Vietnam. 🌍✨

*** Basis: Circular No. 06/2019/TT-NHNN issued by the State Bank of Vietnam on June 26, 2019. 📜
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

07/10/2024

🏢 Important Notes for FDI Enterprises When Making Fixed-Term Deposits

Based on Articles 6, 7, 8, 9, and 10 of Circular 49/2018 from the State Bank of Vietnam, FDI enterprises and customers should pay attention to the following points when making fixed-term deposits:

1️⃣ Fixed-Term Deposit Agreement Must Be in Writing

The agreement between the bank and the customer for fixed-term deposits must be documented in writing and include at least the following details:

Customer Information: Name of the organization, residency status (resident/non-resident), document number, and issue date of organizational verification, along with the legal representative’s information: full name, personal identification number, and issue date.

Credit Institution Information: Name of the credit institution; full name and title of the legal representative handling the fixed-term deposit transaction with the customer.

Deposit Details: Amount, currency, deposit term, deposit date, maturity date.

Interest Rate & Payment Method: Agreed-upon interest rate and how interest will be paid.

Early Withdrawal & Term Extension: Terms regarding early withdrawal and deposit term extension.

Customer's Payment Account Information: Account holder's name, account number, and bank name where the account is held for deposit transactions.

Handling of Frozen, Closed, or Temporarily Blocked Accounts: How the bank will manage changes in account status.

Methods for Customers to Access Their Fixed-Term Deposit Information.

Handling of Damaged, Torn, or Lost Deposit Agreements.

Rights & Obligations: The rights and obligations of both the customer and the credit institution.

Agreement Validity: The duration and validity of the agreement.

In addition to these points, the parties can agree on other terms, as long as they comply with the law.

2️⃣ The Agreement Can Be a Specific or Framework Agreement

Fixed-term deposit agreements can be structured as:

A specific deposit agreement, or
A framework agreement along with a specific deposit agreement.
If using a framework agreement (standard contract), the credit institution must:

Publicly post the standard contract and general transaction conditions for fixed-term deposits at the bank’s transaction locations and on the bank’s website (if available).
Provide full information about the standard contract and general conditions to the customer before signing the agreement, with confirmation that the customer has received this information.
3️⃣ Interest Rates for Fixed-Term Deposits

💰 The interest rate will be determined by the bank, but it must comply with the regulations of the State Bank of Vietnam at the time.

4️⃣ Agreement to Extend the Deposit Term

🔄 Extending the deposit term on the maturity date of a fixed-term deposit can be agreed upon between the credit institution and the customer in the deposit agreement.

5️⃣ Agreement for Early Withdrawal

💸 Similarly, early withdrawal of fixed-term deposits can be agreed upon between the credit institution and the customer. However, note that the interest rate applied to early withdrawals will be different.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

03/10/2024

🏡 NOTES FOR FOREIGNERS INVESTING IN REAL ESTATE IN VIETNAM 🏡

1. What types of real estate can foreigners buy in Vietnam?
Although foreigners can own real estate in Vietnam, there are restrictions on the types of real estate and the duration of ownership.

🏢 Apartments: Foreigners are allowed to purchase apartments in buildings with long-term land use rights, typically ranging from 50 to 70 years.

🌍 Land-based real estate: Foreigners cannot directly own land in Vietnam. However, they can acquire the property through long-term land leases, typically up to 70 years. The lease can be extended by negotiating with the landowner.

🏭 Industrial real estate: Can foreigners purchase commercial real estate in Vietnam? The answer is Yes, but with certain restrictions. Foreigners interested in investing in Vietnam's growing industrial sector can also buy industrial real estate such as warehouses and factories. Similar to land-based real estate, foreigners cannot own the land but can acquire the ownership of structures on the land through lease agreements. The Vietnamese government has introduced several incentives to attract foreign investment into industrial zones, making this a potentially lucrative option.

2. Important considerations for real estate investment in Vietnam:

📜 Property ownership laws for foreigners in Vietnam differ significantly. While foreigners cannot directly own land, they can choose to own buildings constructed on leased land.

🏠 Land use rights: Individual ownership: Foreigners can purchase apartments in designated commercial housing projects and own them for 50 years, with the possibility of extension after the initial period. This ownership is documented on the "Pink Book."

💍 Marriage benefits: Marrying a Vietnamese citizen grants foreigners permanent ownership, meaning they can own property just like Vietnamese citizens.

🏢 Ownership through a company: Foreign-owned companies can possess real estate as long as their investment projects remain valid. The exact timeframe will be detailed in their official Investment Certificate.

📈 Purchase limits: Foreigners are limited to purchasing:

30% of the apartments in a residential building.
10% of the houses in a housing project.
A maximum of 250 houses in an area with a population size equivalent to a ward.
In areas where the number of properties that foreigners can own is limited, if a foreigner inherits ownership of real estate, they cannot directly receive the property. Instead, they will receive the equivalent value of the inherited property.

Foreign property ownership is tied to a 50-year land lease. Applications for land use extensions can be submitted three months before the expiration date, during which time the owner has the right to sell or bequeath the property. If the extension is not granted or the property is not sold before the expiration date, the real estate ownership will revert to the state.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

02/10/2024

💼 TAX INCENTIVES FOR FOREIGN INVESTORS IN VIETNAM 💼
Foreign investors are entitled to various tax incentives to encourage investment in priority sectors and regions. Specifically:
1. Corporate Income Tax (CIT):
A preferential tax rate of 10% for 15 years applies to projects in high-tech fields, high-tech agriculture, or investments in economically disadvantaged areas. Eligible projects are also exempt from CIT for 4 years and enjoy a 50% reduction for the next 9 years.
📜 Legal basis: Law on Corporate Income Tax 2008, amended 2013.
2. Export and Import Tax:
Exemption from import tax on machinery, equipment, and raw materials used for production in high-tech or industrial zone projects.
📜 Legal basis: Law on Export and Import Tax 2016.
3. Value-Added Tax (VAT):
A 0% VAT rate applies to exported goods, and VAT exemption is granted for imported raw materials used for producing export goods.
📜 Legal basis: Law on VAT 2008, amended 2013, 2016.
4. Personal Income Tax (PIT):
A 50% reduction in PIT is available for foreigners working in economic zones and high-tech zones.
📜 Legal basis: Law on PIT 2007, amended 2012, 2014.
These incentives are targeted at economically disadvantaged areas and priority investment sectors, such as high technology, environmental protection, and infrastructure development.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

30/09/2024

📜 LEGAL DOCUMENTS RELATED TO FOREIGN INVESTORS IN VIETNAM

📈 Investment Law 2020
🏢 Enterprise Law 2020
📦 Commercial Law 2005
🌐 Vietnam's Commitment Schedule in the WTO (2007)
🤝 ASEAN Comprehensive Investment Agreement - ACIA (2009)
📊 ASEAN Framework Agreement on Services - AFAS (2014)

🌍 Free Trade Agreements
7.1. Free Trade Agreement between ASEAN and China – ACFTA (2005)
7.2. Free Trade Agreement between ASEAN and South Korea – AKFTA (2007)
7.3. Free Trade Agreement between ASEAN and Australia/New Zealand – AANZFTA (2009)
7.4. Free Trade Agreement between ASEAN and India - AIFTA (2010)
7.5. Free Trade Agreement between Vietnam and South Korea – VKFTA (2015)

🌏 Agreement on Comprehensive Economic Partnership between ASEAN and Japan – AJCEP (2008)
🇻🇳🇺🇸 Vietnam - United States Trade Agreement - BTA (2000)
🇻🇳🇯🇵 Agreement on the Liberalization, Promotion, and Protection of Investment between Vietnam and Japan (Vietnam-Japan BIT) (2003)
🤝 Vietnam - Japan Economic Partnership Agreement – VJEPA (2008)
📋 Decree 31/2020/ND-CP Guiding the Investment Law
📝 Decree 01/2021/ND-CP on Business Registration
⚖️ Decree 122/2021/ND-CP Regulating Administrative Penalties in the Planning and Investment Sector
📑 Decree 29/2021/ND-CP Regulating the Procedures for Appraising National Key Projects and Investment Monitoring and Evaluation
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

28/09/2024

🌏 13 VISA-EXEMPT COUNTRIES WHEN VISITING VIETNAM
If you're considering investing in Vietnam and happen to be a citizen of one of the countries listed below, here’s some great news: you’ll be exempt from needing a visa to enter Vietnam! This presents a fantastic opportunity for you to easily visit Vietnam, delve deeper into its people and culture, and explore the potential of its market and business environment without the hassle of complex visa procedures. Let’s explore the list of 13 countries whose citizens are granted visa exemptions when visiting Vietnam, so you can confidently plan your journey! ✈️
🇩🇪 The Federal Republic of Germany
🇫🇷 The French Republic
🇮🇹 The Italian Republic
🇪🇸 The Kingdom of Spain
🇬🇧 The United Kingdom of Great Britain and Northern Ireland
🇷🇺 The Russian Federation
🇯🇵 Japan
🇰🇷 The Republic of Korea
🇩🇰 The Kingdom of Denmark
🇸🇪 The Kingdom of Sweden
🇳🇴 The Kingdom of Norway
🇫🇮 The Republic of Finland
🇧🇾 The Republic of Belarus
🛂 Visa-Free Stay Duration: 45 days from the date of entry, regardless of passport type or entry purpose, provided that entry requirements under Vietnamese law are met.
📅 Policy Validity: The visa exemption policy for citizens of these 13 countries applies from March 15, 2022, until March 14, 2025.
📜 Reference: Article 1 of Resolution 128/NQ-CP, 2023.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

26/09/2024

🌍 CAN FOREIGN INVESTORS BE EXEMPT FROM VISA REQUIREMENTS IN VIETNAM? 🌍

Foreign investors coming to Vietnam may benefit from visa exemption policies, depending on the current laws of Vietnam. The visa exemption policy not only facilitates investors' access to potential markets but also demonstrates Vietnam's commitment to openness and international integration. However, visa exemption is not a privilege applied uniformly to all countries and investment sectors.

The Vietnamese government applies this policy with careful consideration, ensuring that international investors contribute to economic growth while adhering to requirements concerning security, social order, and diplomatic relations. This approach helps create a transparent and stable investment environment while safeguarding national interests in the context of deep international integration.

✴️ To be eligible for visa exemption, foreign investors in Vietnam must meet the following conditions:

✅ Have diplomatic relations with Vietnam;
✅ Align with Vietnam’s socio-economic and foreign policies during the relevant period;
✅ Not harm national defense, security, public order, or social safety in Vietnam.

Legal basis: Unilateral visa exemption is regulated under Article 13 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (2014).
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

24/09/2024

🌟 Visa for Foreign Investors in Vietnam: Duration and Classification Criteria 🌟

REGULATIONS ON GRANTING VISAS TO FOREIGN INVESTORS IN VIETNAM

A visa is an official document issued by the competent authorities of Vietnam, allowing foreigners to enter the country.

According to current regulations, visas for foreign investors in Vietnam are divided into four categories, classified based on the investor's contributed capital in Vietnam. The specific details are as follows:

1️⃣ ĐT1:

Eligibility: Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of VND 100 billion or more, or investments in sectors and regions prioritized for investment as determined by the government.
Validity: Not exceeding 5 years.

2️⃣ ĐT2:

Eligibility: Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of VND 50 billion to less than VND 100 billion, or investments in sectors that are encouraged for development by the government.
Validity: Not exceeding 5 years.

3️⃣ ĐT3:

Eligibility: Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of VND 3 billion to less than VND 50 billion.
Validity: Not exceeding 3 years.

4️⃣ ĐT4:

Eligibility: Issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam with a contributed capital of less than VND 3 billion.
Validity: Not exceeding 1 year.

Legal basis:

Based on Article 1 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (amended in 2019) and Clauses 7a, 7b, 7c, and 7d of this article, supplemented by point c, Clause 3, Article 1 of the 2019 amendments.

Based on Article 1 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (amended in 2019) and point d, Clause 4, Article 1 of the 2019 amendments, along with Clause 2, Article 2 of the Law on Exit, Entry of Vietnamese Citizens, and the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (amended in 2023).

💡 IMPORTANT NOTES:

Visas are issued to both individual investors and representatives of foreign organizations investing in Vietnam.
The visa's validity depends on the contributed capital and investment sector.

Investors must meet the required conditions to be eligible for an appropriate visa.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

22/09/2024

📣 RETAIL BUSINESS LICENSE APPLICATION SERVICE FOR FOREIGN COMPANIES IN VIETNAM 🛍️

Are you a foreign company looking to engage in retail business in Vietnam? Here are the important points to ensure a smooth and legal process.

✅ Requirements according to the regulations:
According to Decree 09/2018/ND-CP, all foreign-invested companies must apply for a Retail Business License before conducting business.

🔑 Mandatory conditions:
A clear and feasible financial plan.
No overdue tax debt in Vietnam.
The retail location must comply with approved zoning plans by the relevant authorities.

⏱️ Processing time:
If you already have an Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC): The processing time is 30 working days.
If you don’t have an IRC and ERC yet: The processing time can extend up to 60 working days.

💰 Estimated costs:
No need for an ENT report: The cost is approximately 1,300 USD.
With ENT report required: The cost ranges from 1,700 USD - 2,500 USD.

📋 Required documents:
Application form for the license.
The company’s business license.
Document proving no overdue tax debt.
Investment Registration Certificate (IRC), if applicable.
ENT report (if required).
A detailed business plan and financial plan.

💡 Important notes:
The validity of the Retail Business License corresponds to the Investment Registration Certificate (IRC).
The licensing procedure can be complex, so it’s recommended to use professional consulting services to save time and ensure legal compliance.

Need advice? Contact Danang Investment for expert support and guidance from professionals in the field
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

20/09/2024

📣 PROCESS FOR ESTABLISHING A REPRESENTATIVE OFFICE OF A FOREIGN BUSINESS IN VIETNAM: A COMPLETE GUIDE FROM A-Z

Are you a foreign business looking to enter the Vietnamese market? Setting up a representative office is a great way to start. This article will guide you step-by-step on how to establish a representative office in Vietnam.

1. What is a Representative Office?
A representative office is a dependent unit of a foreign business, established in Vietnam to explore the market and promote trade opportunities with Vietnamese partners.

2. Conditions for Establishment
Before starting, ensure you meet the following conditions:

Your business has been operating for at least 1 year abroad.
Your business has a valid operational period of at least 1 year from the date of application.
The proposed activities of the representative office align with Vietnam's international commitments.
3. Steps to Establish a Representative Office
Step 1: Prepare the Documents
The required documents include: a) Application for the Establishment License of the Representative Office
b) Copy of the foreign business’s business registration certificate
c) Appointment letter for the head of the Representative Office
d) Audited financial statements or tax confirmation for the most recent year
e) Copy of the passport of the head of the Representative Office
f) Documents regarding the proposed office location

Important Note: All documents in a foreign language must be consularly legalized and translated into Vietnamese, then notarized according to Vietnamese regulations.

Step 2: Submit the Application
Submit your application to the Department of Industry and Trade where the Representative Office will be located. You can submit it directly, by post, or online (if available).

Step 3: Wait for Application Processing
Standard processing time: 7 working days
If the application requires consultation with a relevant ministry: 13 working days
During this time, the licensing authority may request additional documents if necessary.

Step 4: Receive the Result
The outcome may be:

Establishment License of the Representative Office (if approved)
Rejection letter with clear reasons (if not approved)
4. After Receiving the License
Once you receive the license, you need to:

Finalize the office lease
Create a company seal
Open a bank account
Register for a tax code
Notify the licensing authority about the office’s operational status
5. Important Notes
A representative office is not allowed to directly engage in profit-generating activities in Vietnam.
The head of the representative office cannot hold a representative position for other organizations or businesses in Vietnam.
You must comply with periodic reporting requirements to the management authorities.
Establishing a representative office is a complex process that requires knowledge of Vietnamese laws and administrative procedures. If you need assistance, feel free to contact us for detailed advice and support throughout the process.
__________o0o__________
Zen Vietnam Enterprise Services Co., Ltd
Consulting business services in Da Nang
☎️: (+84) 775 233 626
📧: [email protected]
🎶: zenvietnam_dn
🌐: www.zenvietnam.com.vn

Da Nang Investment

09/10/2024

07/10/2024

03/10/2024

02/10/2024

30/09/2024

28/09/2024

26/09/2024

24/09/2024

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20/09/2024

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