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Guide to Set up a Joint Venture Company in Vietnam

By Viettonkin JSC

Under Vietnamese laws and regulation, foreign investors may enter into a Joint Venture business form with domestic investors to establish Limited Liability Companies (with two or more members), Joint Stock companies or Partnerships under the provisions of the enterprise law and related laws.

An enterprise investing in the form of a Joint Venture shall have the legal representative under Vietnamese law, be established and operated from the date of the Investment Certificate's grant.

With our experience in supporting big clients, Viettonkin would like to provide you the significant procedures to open a Joint Venture Company in Vietnam as following:

Step 1: Searching for Suitable Partner and Signing the Joint Venture Agreement

First of all, you need some advice about the industry you are investing in Vietnam in order to know the maximum contributed capital for the foreigner, and the requirements of business entity or a person. And then we could start searching the suitable partner for you. You can see the details of Vietnam commitment about opening foreign investment in Vietnam after joining WTO at the Part II - Schedule of Specific Commitments in services section.

Second, Viettonkin shall draft a Joint Venture Contract between your company and the local partner based on the discussion agreement between both parties.

Step 2: Company Incorporation

Viettonkin JSC will take care of all processes include but not limited to:

  • Advice about dossiers and legal procedures.
  • Collect and verify information to support for the engagement.
  • Draft Joint Venture Contract between the Company and the Vietnamese Company
  • Draft all necessary documentations to support for applying Company Registration in Vietnam
  • On the Company’s behalf, applying for evaluating by related Ministries of Vietnam
  • On the Company’s behalf, applying the dossier for Investment Certificate, Website Registration, Tax Registration, and Stamp Sample.
  • On the Company’s behalf, explaining and providing any necessary documentation to Vietnamese Competent Authorities (if needed) during the procedure.
  • On the Company’s behalf, working with Vietnamese Competent Authorities with works related to the engagement.
  • On the Company’s behalf, obtaining Investment Certificate, Tax Registration, Stamp Certification and Stamp Sample from Vietnamese Competent Authorities.
  • Public on Vietnamese newspapers or other public information channels (as required by the laws)

Step 3: Searching Office Location

With our understanding and good relationship with local service partners, we are confident that we can give you the best option which fit your needs and budget.

We also assist you in looking for suitable location to set up your company and negotiate with the lessor to get the best price. If needed, we will, on the behalf of clients, sign the leasing contract with lessor.

Step 4: Opening Bank Account

After you receive the Investment Certificate, Viettonkin will offer our advices on the qualified bank with low service charge in Vietnam. In case of client request, Viettonkin will work with the bank and open account(s) for clients on their behalf without any required travel from them.

Step 5: Obtaining Work Permit for Foreign Employee(s)

On the behalf of clients, Viettonkin will prepare all dossiers to apply for work permit of clients’ foreign employees. Again, we do not require them to be available in Vietnam.

Step 6: Recruiting Local Staffs

With the long-term partnership with some professional recruitment firms, we are confident that we will help you to search for the most appropriate staffs.

Step 7: Office Facility

In fact, this is not our strong points; however, we are willing to give clients advice on how to get the best deal with all the facilities including Internet, telephone, table(s), chair(s) or other stationaries.


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Head Office 

Level 4, Naforimex Building, 40 Hai Ba Trung Street, Hoan Kiem District, Hanoi, Vietnam

Tel: +84 4 3872 8518 / 3976 1385

Hotline: +84 1886 6858
Fax: +84 4 39761547

Ho Chi Minh Office

Room 2A1, Vietphone Building, 64 Nguyen Dinh Chieu Street, Da Kao Ward, District 1, HCMC, Vietnam.

Phone+84 8 3910 0093 / 3911 8211

Hotline: +84 9 1886 6858

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Viettonkin JSC
Room 302, Level 3, Thang Long GTC Building, 115 Le Duan Street, Hoan Kiem, Hanoi

Phone/Fax: +84 24 3872 8518
Hotline: +84 9 4508 6038


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