Project Finance 2025 – Vietnam

1. What are the typical ownership structures for project companies in your jurisdiction? Does this vary based on the industry sector?

Typical ownership structures for project companies in Vietnam vary based on the industry sector. Particularly, these structures are decided by taking into account the market access barriers, including foreign ownership limitations, as well as regulatory regimes applicable in certain business sectors, which may differentiate between domestic and foreign-invested companies. A project company can be established and organized in Vietnam as a:

• limited liability company (which can have 1–50 owners); or
• joint stock company (which requires at least three shareholders). A joint stock company can be either a private company or a public company.