Setup and Operate Company in Vietnam
Your trusted partner for establishing and managing your business in Vietnam.
Establishing Your Business in Vietnam
Vietnam is one of the fastest-growing economies in Asia, offering tremendous opportunities for foreign investors. The country's young population, competitive labor costs, and strategic location make it an attractive destination for business expansion.
VietCham provides comprehensive support for setting up your company in Vietnam — from initial investment registration to full incorporation, tax compliance, and ongoing advisory services.
Designed for micro, small, and medium-sized enterprises. Prices exclude VAT.
Business Formation & Legal Setup
Complete company formation from investment registration through post-establishment compliance
Basic Package
- Consulting and documentation for IRC approval
- Submission to Department of Planning and Investment (DPI)
- Follow-up and liaison with authorities until approval
- 45 business daysProcessing time
- 100% foreign-owned enterprise establishment
- Company seal production
- Charter capital documentation
- Standard charter drafting
- Customized company charter drafting
- 20–22 business daysProcessing time
- Digital signature (4-year validity)
- 1,000 electronic invoices
- Corporate bank account opening
- FDI portal account registration
- Quarterly and annual investment reporting setup
- Legal consulting services
- Contract review
- Labor law advisory
- Commercial law compliance
Advanced Package
- Consulting and documentation for IRC approval
- Submission to Department of Planning and Investment (DPI)
- Follow-up and liaison with authorities until approval
- 30–35 business daysProcessing time
- 100% foreign-owned enterprise establishment
- Company seal production
- Charter capital documentation
- Standard charter drafting
- Customized company charter drafting
- 12–14 business daysProcessing time
- Digital signature (4-year validity)
- 1,000 electronic invoices
- Corporate bank account opening
- FDI portal account registration
- Quarterly and annual investment reporting setup
- Legal consulting services
- Contract review
- Labor law advisory
- Commercial law compliance
(*) IRC is applicable for foreign-invested projects as required by Vietnam's Investment Law.
Tax Compliance & Accounting Services
Full-spectrum tax declaration, accounting, and social insurance administration
Basic Package
- Monthly/quarterly VAT declarations
- Personal Income Tax (PIT) filing
- Annual Financial Statements preparation
- Corporate Income Tax (CIT) filing
- PIT finalization
- Full bookkeeping and archiving
- Accounting software updates
- Ongoing consultation
- Tax dispute resolution support
- Monthly/quarterly financial statements
- Tailored to your business needs
- Employee enrollment for social insurance
- Health insurance registration
- Unemployment insurance management
- Fewer than 10 employeesEmployee coverage
Advanced Package
- Monthly/quarterly VAT declarations
- Personal Income Tax (PIT) filing
- Annual Financial Statements preparation
- Corporate Income Tax (CIT) filing
- PIT finalization
- Full bookkeeping and archiving
- Accounting software updates
- Ongoing consultation
- Tax dispute resolution support
- Monthly/quarterly financial statements
- Tailored to your business needs
- Employee enrollment for social insurance
- Health insurance registration
- Unemployment insurance management
- 10–20 employeesEmployee coverage
Receive a 10% discount on any package when you prepay for one full year.
Available for both Business Formation and Tax Compliance packages.
Frequently Asked Questions
Common questions about setting up and operating a company in Vietnam
The IRC is a mandatory document for foreign-invested projects in Vietnam, issued by the Department of Planning and Investment (DPI). It confirms the government's approval of your investment project and outlines the project's scope, objectives, and capital. Required under Vietnam's Investment Law for all foreign investors establishing a company.
The Advanced package offers significantly faster processing times (30–35 days for IRC vs 45 days, and 12–14 days for ERC vs 20–22 days), customized company charter drafting, full post-establishment legal advisory including contract review and labor law compliance, and tax dispute resolution support. The Advanced package also covers more employees under social insurance (10–20 vs fewer than 10).
While much of the process can be handled remotely, certain steps such as signing official documents and opening bank accounts may require a visit or a notarized Power of Attorney. VietCham will advise on the most efficient approach for your specific situation.
Foreign investors can establish several types of entities in Vietnam: Limited Liability Company (LLC) — most common for foreign investors; Joint Stock Company (JSC) — suitable for larger operations; Representative Office — for market research and liaison only; Branch Office — extension of a foreign parent company; or Business Cooperation Contract (BCC) — partnership between foreign and local parties.
No, all prices listed are exclusive of VAT. Vietnamese VAT will be applied on top of the package price at the prevailing rate. A 10% discount is available for clients who prepay for one full year.
Ready to Launch Your Business in Vietnam?
Schedule a meeting with our Vietnam market specialists to get started.