Introduction For foreign investors establishing companies in Vietnam, one of the most important compliance requirements is opening and properly using a Capital Investment Bank Account (often called a Direct Investment Capital Account or DICA). Improper use of these accounts may create significant legal, tax, foreign exchange, and profit remittance risks. This article provides a comprehensive overview of regulations governing the opening and usage of capital investment account

Introduction Commercial activities form the backbone of every market economy, and Vietnam is no exception. As Vietnam continues integrating into global markets through free trade agreements and increasing foreign investment, understanding the legal framework governing commercial activities becomes increasingly important. Vietnam’s Commercial Law provides the legal foundation for buying and selling goods, service provision, investment activities, logistics, commercial intermed

Introduction Contracts are fundamental to commercial activities, investment transactions, employment relationships, and everyday business operations. In Vietnam, contract law provides the legal framework governing how agreements are formed, performed, amended, and enforced. Vietnam's contract law system is primarily governed by the Civil Code 2015, together with specialized laws such as commercial regulations, labor laws, construction regulations, investment laws, and other s

Introduction Corporate governance plays a critical role in ensuring transparency, accountability, efficiency, and legal compliance within businesses. In Vietnam, corporate governance requirements vary significantly depending on the type of enterprise structure selected. Under current Vietnamese laws—primarily the Enterprise Law 2020 and related regulations—different enterprise structures have different requirements regarding management bodies, decision-making authority, owner

Introduction Vietnam has become one of the fastest-growing economies in Southeast Asia, attracting both domestic entrepreneurs and foreign investors. Understanding Vietnam Enterprise Law is essential for anyone planning to establish, operate, restructure, or invest in a business in Vietnam. The current legal framework governing enterprises in Vietnam is primarily based on the Enterprise Law 2020, which took effect on January 1, 2021, together with related decrees, circulars,

When expanding into Southeast Asia, entrepreneurs and investors frequently compare Singapore and Vietnam as two of the region’s most attractive business destinations. While Singapore is widely known for its ease of doing business and financial infrastructure, Vietnam has emerged as one of Asia’s fastest-growing manufacturing and consumer markets. However, before establishing operations, understanding the available business structures in each country is critical. Different str

Singapore has become one of the world’s most attractive destinations for entrepreneurs, startups, and multinational businesses due to its business-friendly regulations, strategic location, efficient tax system, and strong legal framework. However, choosing the right company structure is one of the most important decisions when establishing a business in Singapore. Different business structures offer different advantages in terms of liability protection, taxation, ownership fl

Introduction Vietnam has emerged as one of Southeast Asia’s most attractive investment destinations. Strong economic growth, competitive labor costs, strategic geographic location, and expanding international trade relationships have attracted significant domestic and foreign investment. However, before investing in Vietnam, understanding the legal framework governing investments is essential. Vietnam’s Investment Law establishes the rules, procedures, incentives, restriction

Should You Choose to Establish a Private Company, Single-Member LLC, or Multi-Member LLC in Vietnam? Introduction Starting a business in Vietnam begins with one critical decision: choosing the right legal structure. Many entrepreneurs and investors ask the same question: Should I establish a Private Company, a Single-Member LLC, or a Multi-Member LLC? The answer depends on ownership structure, liability concerns, capital raising plans, operational flexibility, and long-term b

Introduction Choosing the right business structure is one of the most important decisions entrepreneurs make when starting a company. Among the most popular options is the Limited Liability Company, commonly known as an LLC. LLCs provide flexibility, liability protection, and simpler administration compared to many other business structures. However, many business owners struggle with one important question: Should you create a Single-Member LLC or a Multi-Member LLC? Underst