How to Set Up a Business in Vietnam – Why You Need a Lawyer

Enterprise 17/10/2025

Vietnam has emerged as one of Southeast Asia’s most attractive destinations for foreign investors. With a rapidly growing economy, a young and skilled workforce, and a strategic location, it’s no surprise that entrepreneurs and companies around the world are looking to set up businesses here.

Vietnam has emerged as one of Southeast Asia’s most attractive destinations for foreign investors. With a rapidly growing economy, a young and skilled workforce, and a strategic location, it’s no surprise that entrepreneurs and companies around the world are looking to set up businesses here. In case you need advice, please contact Apolo Lawyers via email at contact@apolo.com.vn or Hotline (+84) 903 419 479 for the best advice and support

I. How to Set Up a Business in Vietnam

1. Choose the Right Business Structure

Foreign investors typically choose from the following types of legal entities:

Limited Liability Company (LLC) – Most common and suitable for small to medium-sized enterprises.
Joint-Stock Company (JSC) – Ideal for larger businesses with multiple shareholders.
Representative Office – For market research or liaison purposes, but not allowed to conduct business activities.
Branch Office – Allowed for certain sectors, depending on business line and licensing.

How to Set Up a Business in Vietnam – Why You Need a Lawyer

2. Check Business Eligibility for Foreign Investors

Not all industries are open to foreign investment. Some are restricted or require special approvals, particularly in areas such as:

Education
Healthcare
Real estate
Telecommunications

A local lawyer can review your proposed business activities and determine whether special licenses or approvals are needed.

3. Prepare the Required Documents

Typical documentation includes:

Investment registration application
Enterprise registration certificate
Charter of the company
Lease agreement for business premises
Legalized passports and bank statements from investors

4. Register for Tax and Open a Bank Account

Once the business license is issued, you’ll need to:

Obtain a tax code from the local tax office
Register for VAT and social insurance
Open a capital account and deposit the required investment amount

How to Set Up a Business in Vietnam – Why You Need a Lawyer

II. The Role of Apolo Lawyers in Your Business Setup Journey

At Apolo Lawyers, we specialize in helping foreign investors navigate the legal landscape of doing business in Vietnam, including:

Legal Consultation & Feasibility Assessment
We assess your business model, industry, and investment goals to advise on the most suitable legal structure and licensing path.
Company Formation & Licensing
We handle the full process of obtaining your Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC) — quickly and efficiently.
Document Preparation & Legal Translation
We prepare, review, translate, and notarize all required documents, ensuring full compliance with Vietnamese law.
Liaison with Government Authorities
Our team represents you in all dealings with the Department of Planning and Investment, tax departments, and other relevant authorities.
Post-License Support
We assist with tax registration, opening a capital bank account, and ongoing legal compliance — including labor law, contracts, and risk management.
Customized Legal Solutions
Every investor is different. We offer personalized legal strategies for your business sector, whether it’s manufacturing, services, IT, education, or real estate.