ESTABLISHMENT OF BRANCHES FOR FOREIGN ENTERPRISE IN VIETNAM

1. Conditions for establishment of branch

Foreign traders established and registered for business in accordance with the laws of countries and territories participating in international treaties to which Vietnam is a member or recognized by the laws of these countries and territories. ;

Foreign traders have been operating for at least 5 years from the date of establishment or registration;

In cases where a business registration certificate or a paper of equivalent value of a foreign trader has a specified duration of operation, that time limit must be at least 1 year counting from the date of application submission;

The branch's operations must be consistent with Vietnam's undertaking to open the market in international treaties to which Vietnam is a member and in line with the business lines of the foreign trader;

In case the branch's operation contents are inconsistent with Vietnam's commitments or the foreign business is not from a country or territory to which Vietnam is a signatory, the establishment of the branch must have the approval of the Minister of specialized management. 

2. Authority of licensing for establishment of branches

The Ministry of Industry and Trade shall have the power to grant, adjust, extend or revoke the license for the establishment of branches in case the establishment of such branches has not been prescribed by specialized legislative documents.

With the above information, Gattaca Law wishes Agency and Investors to pay attention in the processes of implementing investment projects in Vietnam!