Vietnam Market Entry
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Foreign investors need two certificates to operate in Vietnam: the Investment Registration Certificate (IRC) from the Department of
Vietnam has no “nominee” law. Foreign investors use nominee arrangements to meet three legal requirements—resident legal representatives, certified
Foreign legal representatives in Vietnam face administrative penalties reaching VND 150 million (~USD 6,000) for work permit violations
Vietnam offers five market entry structures for foreign investors: FDI companies (LLC or JSC), representative offices, branches of