Vietnam

One of Asia's fastest-growing economies, Vietnam welcomes foreign investment through 100%-owned LLCs and joint stock companies under the Law on Investment.

Region

Asia

Capital

Hanoi

Currency

VND

Language

Vietnamese

Setup time

4–8 weeks

Tax

Corporate income tax 20%; incentives for high-tech and priority sectors

Company types

How businesses are typically structured in Vietnam.

Limited Liability Company (LLC)

Single or multi-member; the default vehicle for foreign-invested enterprises (FIE).

Best for

SMEs, manufacturing, services

Liability

Limited to charter capital

Joint Stock Company (JSC)

At least 3 shareholders; required for IPO and easier capital raising.

Best for

Larger ventures planning to list or raise capital

Representative Office

Market research and liaison only; no revenue-generating activity allowed.

Best for

Foreign companies scouting the market

Branch Office

Allowed in limited sectors (banking, insurance, law); can earn revenue.

Best for

Regulated foreign service providers

Visa pathways

The most relevant options for founders, employees, investors, and long-stay residents.

DN Visa (Business)

Up to 12 months

Foreign investors and those working with Vietnamese partners.

Requirements

Sponsorship from a Vietnamese entity

LD Visa (Work)

Up to 2 years

Foreigners with a work permit and local employer.

Requirements

Approved work permit, employment contract

DT Visa (Investor)

Up to 5 years (DT1/DT2)

Foreign investors; classed DT1–DT4 by capital size.

Requirements

Documented capital contribution to a Vietnamese company

Temporary Residence Card (TRC)

1–10 years

Long-stay equivalent for work, investment or family.

Requirements

Valid long-term visa basis

🇸🇬 Singapore

Malaysia 🇲🇾