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ARTICLE · 08 FEBRUARY 2016

Time To Apply For A Vietnamese Enterprise Registration Certificate?

Mayer Brown
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Vietnam overhauled its corporate and foreign investment legislation in 2015 as the new Enterprise Law and Investment Law became effective on 1 July 2015.

Hong KongGovernment, Public Sector
David Harrison
David Harrison
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Vietnam overhauled its corporate and foreign investment legislation in 2015 as the new Enterprise Law and Investment Law became effective on 1 July 2015. These laws replaced the 2005 Enterprise Law and Investment Law. One of the key changes introduced by the new legislation is to separate foreign investment licenses, now called investment registration certificates (IRCs), from business registration certificates, now called enterprise registration certificates (ERCs). Projects undertaken by enterprises that are majority foreign owned (FIEs), or by foreign investors (who have not set up any legal presence in Vietnam), will require that the FIEs or the foreign investors obtain an IRC. The enterprise set up by foreign investors will also be issued an ERC, just like a domestic Vietnamese enterprise.

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