Doing Business

Guide to establish representative office in Vietnam

Auncon

June 8, 2021

Doing Business

Guide to establish representative office in Vietnam

Auncon

June 8, 2021

Today, quite a few companies have established representative office in Vietnam to facilitate their business. It is statistically reported that there were more than 1,000 representative offices in Ho Chi Minh City and this number would soar in the future. Representative office is suitable for those companies in need of just a work stead to support transactions. Many foreign investors establish representative office in Vietnam to make their transactions with partners more effective.


1. What is a representative office?

Representative office is a dependent unit of an enterprise, established in accordance with the laws of Vietnam. The representative office exercises benefits of the enterprise and operates in accordance with enterprise’s scope of operation. The main purpose of a representative office is to maintain the liaison, assist the enterprise in approaching business partners in Vietnam, and conduct market researches. A representative office may not enter into any contracts at their own decision, but the enterprise must authorize the representative office and provide its seal.

A representative office may not perform activities that generate direct profits. It is the enterprise to bear financial problems as incurred.

image
An example of representative office for meetings with partners

2. Why should a representative office be established?

Although many businesses open representative offices in Vietnam in order to facilitate the transactions with customers in a new market, representative offices, in deed, benefits more than that. Representative office will help foreign enterprise research and gain insight into the market. Those investors backed by a Vietnam-based representative office will have the opportunity to read customers, figure out market habits, and access potential partners, thereby enhancing chances for market expansion.


3. Steps to established representative office in Vietnam

Step 1: Prepare paperwork in accordance with regulations

A representative office need to prepare documents in accordance with the laws of Vietnam:

  • Copy of the parent company’s Business Registration Certificate
  • Copy of the representative’s personal authentication material
  • Evidence to the registered address of establishment        

Step 2: Submit the application

Upon completion of all documents, the enterprise will submit its application.

There are two ways of application submission: online and offline.

  • For online submission, the required documents shall be attached and submitted directly to the government’s portal.
  • For offline submission, the office’s representative will submit the application at the Business Registration Division where the office operates. When the application submission is completed, the enterprise will take a receipt and pend for the result.

Step 3: Get result

Normally, if its application is eligible, the enterprise will receive a certificate within 3 days. For those submitting electronically, they shall present the hard copy of documents when receiving the certificate.

If the application is incomplete or contains errors, the enterprise will receive a request for supplementation.

Investors green to the regulations and administrative procedures to establish representative office in Vietnam may find themselves wasting time repeating the paperwork. To avoid this, they should buy a full package service of consultancy and application from investment consulting firms. Viettonkin has successfully given investment advices to more than 2,000 projects and provided full-package supports to foreign investors in Vietnam. Empowered by well-established experiences in supporting foreign businesses, and a team of well-seasoned, highly qualified staffs, Viettonkin will assure you the fastest and most effective completion of investment procedures.

Related posts

Doing Business

Sustainable Manufacturing in Vietnam: Eco-Friendly Trends

Table of Contents Environmental Considerations in Vietnamese ManufacturingSustainable Development Goals (SDGs): Aligning Manufacturing Practices with Global TargetsAddressing Environmental Challenges: The Role of Sustainable ManufacturingEco-Friendly Initiatives: ...
Read more
Doing Business

Technological Innovation in Vietnam’s Manufacturing

Table of Contents Technological Innovation in Vietnamese ManufacturingManufacturing Unveiled: A Journey through the Ages of Technological InnovationEmbracing the Era of Industry 4.0: Transformations in Manufacturing ...
Read more
Doing Business

Manufacturing Company Mastery: CaMaCo’ Vietnam Venture

Table of Contents The Journey of CaMaCo into VietnamFrom Canada to Vietnam: The Manufacturing Company’s Global ExpansionServices Beyond Borders: Inventory Control, Surplus Materials Management, and ...
Read more
Doing Business

HOMACO’s Industrial Park Venture: A Strategic Relocation

Table of Contents HOMACO’s Expansion into the Vietnamese Industrial Park SceneDecades of Excellence: A Brief Overview of HOMACO’s Global Presence in Manufacturing CompaniesVenturing into Vietnam: ...
Read more

Download our Latest Ebook about Real Estate and Property!

Real estate holds a pivotal position in the development of a country, not only via the spillover impacts on other economic sectors such as construction, manufacturing, tourism, finance and banking etc. but also affecting the social dynamic by mobilizing the residency and infrastructure system. Foreign direct investment in real estate (RFDI) in Vietnam has a long running history and is unique in that it is largely dominated by the private sector compared to other industries which usually still have a rather large Government involvement. International capital has consistently been selecting real estate as the destination of choice, given that RDI has always been in the top 2 and 3 for volume inflow over the last 10 years, even throughout extremely turbulent periods such as COVID-19, per the General Statistics Office of Vietnam’s (GSO) data. Find out more in this ebook edition.

Tải cuốn ebook mới nhất về nền kinh tế số Việt Nam!

The digital economy of Vietnam has been fueled and accelerated by the global digital trends and the pandemic Covid-19. The movement of digital transformation is underway in every corner of Vietnamese life, strongly influencing the way people do things. Digital economy is the future of the Vietnam economy. Realizing the potential of the digital economy, the Vietnam government has issued policies, guidelines and created legal frameworks to support and further enhance this economy. In this ebook edition, the digital economy is looked at from different angles. Perspectives from the key elements comprising Vietnam digital economy are examined and discovered.

Our Happy Clients