Vietnam Business News - Vietnam-Briefing

Establishing Representative Offices in Vietnam

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Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

Establishing Representative Offices in Vietnam
Representative office help companies effectively gauge the business environment in Vietnam; allowing them to conduct their own market research and study the industries that interest them. They are a liaison office for the parent company that pursues business opportunities for the overseas headquarters in providing economic, trading, scientific and technical services.
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Obtaining Foreign Work Permits
Work permits for foreigners in Vietnam are valid for a maximum of three years. There are currently around 60,000 foreign employees in the country with valid work permits and around 20,000 illegal employed foreigners using tourist visas. Authorities are now becoming stricter when it comes to foreigners working in the country without obtaining a proper work permit.
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Foreign Contractor Applications in Vietnam
Foreign businesses are considered foreign contractors if they conduct business or earn income in the country under contract with local organizations and individuals. Usually, foreign contractors are the winners of auctions organized by the Vietnamese government or organizations and may be principal contractors, general contractors, partnership contractors or subcontractors.
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Vietnam’s Service Industry Bets on Ba Ria-Vung Tau
Traditionally an industrial center of Vietnam, a recent flood of service sector investment hopes to transform the Ba Ria-Vung Tau’s economy into an international tourist’s dream of luxurious living and gambling. What is happening in Ba Ria-Vung Tau is happening in the rest of Vietnam, where nearly 77 percent of total foreign direct investment (FDI) is now committed to the service sector, a drastic shift from the steady seven percent ratio in the last decade.
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