How to Set Up a Company in Vietnam in 2025 

• Set up a company in Vietnam in 2025 to capitalize on the rapidly changing business environment and thriving economic opportunities. The country’s economy is expected to grow at a rate of 6.1% in the future, ahead of regional peers China and Indonesia, cementing its place as the fourth-largest economy in ASEAN. A young, energetic workforce, foreign direct investment (FDI), and strategic government reforms that support a business-friendly environment are fueling this growth. High technologies, renewable energies, and infrastructures are also key sectors that attract huge investments. For someone who wants to register company in Vietnam, improving domestic consumption and wide export markets opens the doors to the country as the best destination for innovation, resilience, and long-term growth. 

Updated regulations and policies to set up a company in Vietnam 

Decision No. 1706/QD-BKHDT: 

• This is issued by the Ministry of Planning and Investment and outlines the framework to be followed in the 2025 Nationwide Enterprise Investigation. The idea is basically to collect comprehensive data on businesses across various sectors so that future economic policies will be framed accordingly. 

Enterprise investigation requirements: 

• All enterprises must participate in the 2025 Enterprise Investigation by submitting online an in-depth questionnaire on their operations, such as production results, labor statistics, and financial data. This is obligatory for all enterprises except in the specifically excluded sectors. 

Amended land law: 

• This law, effective January 2025, reforms land management practices in Vietnam, making them more transparent and fairer. It gives clearer guidelines to foreign investors on land-use rights and aims to facilitate foreign investment in real estate. 

Corporate income tax law amendments: 

• A draft law likely to be passed in May 2025 would make several amendments in CIT incentives, such as changes in the incentive sectors and locations. It will ease business expansion rules and simplify the overall tax framework for businesses in Vietnam. 

Telecommunications law news: 

• Effective July 1, 2024, this law expands regulations to include digital infrastructure providers, such as data centers and cloud computing services. The law covers both local and foreign entities engaged in any kind of telecommunications activities in Vietnam. 

E-commerce regulations: 

• New rules in Decree 85/2021 outline responsibilities by foreign traders selling products online in Vietnam. These will spell out tax obligations and compliance requirements by foreign businesses without a permanent establishment here. 

Direct tax registration portal: 

• The General Department of Taxation has improved the direct tax registration digital platform, thus enhancing efficient tax declaration and payment for foreign companies operating in Vietnam. 

Steps to set up a company in Vietnam 

Step 1: Selecting an ideal business form 

• First is the selection of the appropriate structure of the company to register in Vietnam. Tetra Consultants will assist you in identifying a suitable structure for your business model and goals. The LLC structure is commonly recommended because it is very straightforward, and it can be incorporated with a single shareholder. However, other structures such as Joint Stock Companies (JSC) or branch offices may also be necessary depending on operational needs. 

Step 2: Reservation of company name  

• Before we proceed to register a company in Vietnam, Tetra Consultants will search and reserve your preferred name for use in the Vietnam company registry. Up to three options are possible. We also offer international trademark registration in order to protect your brand globally. 

Step 3: Preparation of required documents 

• Tetra Consultants will prepare and legalize the documents, such as the parent company’s Memorandum of Association, Articles of Association, and incorporation certificates from the issuing foreign authorities. Such issued documents will be translated into Vietnamese and verified at the Embassy of Vietnam. 

Step 4: Application for Investment Registration Certificate (IRC) 

• All foreign-owned enterprises except representative offices and branches are required to obtain an IRC. Tetra Consultants will prepare detailed project reports, lease agreements, and financial statements for submission. Some industries may require further approval. 

Step 5: Obtain the Business Registration Certificate (BRC) 

• Once the IRC is approved, Tetra Consultants will apply for the ERC or BRC. The necessary papers are the company charter, list of board members, and letters of authorization. Representative offices and branches need another license, which we will take care of for you. 

Step 6: Application for Foreign Investment License (FIL) 

• The setting up of an LLC by foreign investors in Vietnam would require a Foreign Investment License. There is a paid-up share capital, at a minimum, which may vary depending on the industry and should be transferred within 12 months. Tetra Consultants will prepare all the required documents for submission. 

Step 7: Tax registration 

• Tetra Consultants will register your company with the Municipal Taxation Office in Vietnam, thus ensuring that all tax regulations are followed. We will also help obtain any sub-licenses or permits specific to your business operations. 

Step 8: Company seal creation 

• We can assist with designing and procuring a company seal. A seal is mandatory when establishing a business in Vietnam and has to feature your company’s name and its registration number, as well as being filed at the National Portal of Business Registration. 

Step 9: Corporate bank account opening 

• Tetra Consultants will compile all necessary documents and assist in corporate bank account opening with a reputable local bank. Upon issuance of your ERC, the account can be activated, and you can deposit the required paid-up share capital. 

Conclusion 

• A smooth and efficient process, set up a company in Vietnam with Tetra Consultants. We can support end-to-end services, choosing the best business structure right through to ensuring all required licenses are obtained. From ensuring you comply fully with local regulations, to tax registration, corporate bank account opening, and much more. With a focus on transparency and precision, Tetra Consultants manages the intricacies of the setup process, enabling you to focus on your business objectives. Join us to establish your business in Vietnam’s booming market and unlock the potential for growth and success. 

• Contact us to know more about how to set up a company in Vietnam and our team will revert back in 24 hours.