Thanks to its strategic location, favorable investment incentive policies, and an increasingly transparent legal framework, Vietnam has become an attractive destination for foreign investment. However, foreign investors must comply with complex regulations on market access, foreign ownership limits, and conditional business sectors. With in-depth expertise and practical experience, Hung Phi Law Firm provides Professional Foreign Investment Legal Services in Vietnam, assisting investors in navigating legal procedures efficiently and ensuring long-term compliance and success.

1. Overview of foreign investment in Vietnam

Overview of foreign investment in Vietnam

Foreign investment in Vietnam refers to the activity in which foreign nationals and entities established under foreign laws introduce capital into Vietnam for investment and business activities. According to the provisions of the Vietnamese Law on Investment 2020, foreign investors may invest via:

– Establishment of a 100% foreign-owned enterprise;

– Contributing capital, purchasing shares/ stakes in Vietnamese enterprises;

– Execution of an investment project;

– Investment under a Business Cooperation Contract (BCC);

– Other forms of investment stipulated by law.

>> Learn more: Mergers & Acquisitions (M&A) Services

2. The importance of foreign investment lawyers

The importance of foreign investment lawyers

Ensuring legal compliance: The lawyers will provide effective and accurate legal advice to clients, including the market access for foreign investors, appropriate investment structure; the procedures and necessary dossiers for obtaining the Investment Registration Certificate (IRC), ensuring adherence to Vietnamese law and international treaties.

Ensuring time, cost, and effort efficiency for investors: The lawyers will assist clients in preparing and drafting dossiers; liaising with competent authorities, thereby significantly saving time, effort, and costs, minimizing amendments and supplements to the dossiers. 

Protecting investors’ right and interests: if the client is eligible for investment incentives, we will guide and assist them through the necessary procedures to obtain the Investment Incentive Certificate, allowing for full entitlement to state preferential policies. 

Resolving and mitigating disputes: Lawyers assist clients in negotiating, drafting, and reviewing legal documents, helping them achieve commercial goals and mitigate dispute risks. Should a dispute arise, the lawyers advise on effective dispute resolution strategies.

Protecting investor interests within a changing legal landscape: As part of ongoing economic integration, new regulations are often introduced, leading to procedural changes that present significant challenges for foreign investors. The lawyers update clients on crucial legislative changes, advise on their rights and obligations, and promptly adjust legal documents to ensure compliance and protect client interests.

3. Specialised foreign investment services at Hung Phi Law Firm

Specialised foreign investment services at Hung Phi Law Firm

Hung Phi Law Firm is proud to be a leading and trusted law firm in Vietnam, holding a remarkable strength in the foreign investment sector. We provide professional legal consulting services to foreign investors, ensuring legal compliance in the business and investment activities. With our high level of expertise, we build trust and confidence with our clients, making them secure when using our service.

Below are the prominent foreign investment legal services that Hung Phi Law Firm frequently consults on and executes:

– Legal advice on the process, conditions, procedures, and structures of investment;

– Legal advice on investment and business sectors;

– Legal advice on investment incentives and supports;

– Legal advice on preparing and handling dossiers and procedures for obtaining the Investment Registration Certificate (IRC) and the approval of investment guidelines.

– Legal advice and execution of procedures for: the establishment of 100% foreign-invested enterprises, joint ventures, and investment procedures under forms of PPP, BCC contracts, etc.

– Legal advice and execution of procedures for capital contribution or purchase of shares/ stakes in other business organizations;

– Legal advice and execution of procedures for the establishment/ termination of the operating office of foreign investors under BCC contracts;

– Legal advice and execution of procedures for hiring foreign labor; 

– Legal advice and execution of procedures for adjusting investment registration certificates;

– Legal advice and execution of procedures for the termination of investment projects;

– Legal advice and execution of procedures for transferring the project in part or in full;

– Legal advice on the implementation of the project and the course of business operations to ensure compliance with Vietnamese law;

– Legal advice on state policies and national guidelines regarding planned areas and investment incentives;

– Regular legal advice for Foreign Direct Investment (FDI) Enterprises typically on taxation, labor and employment, foreign exchange, investment reporting, commercial contracts;

– Legal advice and execution of procedures for investment and commercial dispute resolution; 

– Legal advice on preparing and handling dossiers and procedures for obtaining business licenses for sectors such as trade, logistics, education, and manufacturing,…

>> See also: PROFESSIONAL CORPORATE IN-HOUSE LAWYERS IN VIETNAM

4. Why clients choose and trust Hung Phi Law Firm

Why clients choose and trust Hung Phi Law Firm

4.1. Highly skilled lawyers

The lawyers at Hung Phi Law Firm are equipped with expertise, broad knowledge base and an in-depth comprehension of law on investment. With long-standing experience in advising on complex, cross-border investment matters, they will handle your legal requests in a professional manner.

4.2. Reasonable, transparent costs

When using our services, clients will be informed of the service fees publicly, transparently, and reasonably for each case or matter. We accommodate your financial needs with flexible payment terms to ensure clients feel secure and comfortable with our service. 

Hung Phi Law Firm guarantees that no further costs will arise after the fee has been mutually agreed upon in the service contract.

4.3. Commitment to client information confidentiality

All client information is guaranteed to be fully confidential by Hung Phi Law Firm. Hung Phi Law Firm will not disclose any information to any third party without the client’s explicit consent. 

4.4. Professional and attentive service

At Hung Phi Law Firm, we are fully devoted to our work and wholeheartedly dedicated to our clients. We consistently strive to ensure our clients feel confident, satisfied, and secure, confident that their legal issues are handled with the highest level of professionalism and efficiency. 

5. Frequently asked questions

5.1. What conditions must foreign investors meet when contributing capital, purchasing shares/ stakes of business organizations under Vietnamese law?

According to Clause 2, Article 24 of the Vietnamese Law on Investment 2020, foreign investors making investment by contributing capital, purchasing shares and purchasing stakes of business organizations must:

– Satisfy market access conditions applied to foreign investors as prescribed in Article 9 of this Law;

– Ensure national defense and security in accordance with this Law;

– Comply with regulations of the law on land and conditions for receipt of land use rights and conditions for use of land on islands or border or coastal communes.

5.2. How much does it cost to hire an investment lawyer from Hung Phi Law Firm for foreign investment legal advice?

We will determine the lawyer’s fee based on the documents, records, materials, and the nature of each specific case to ensure a suitable charge. Please contact us directly to receive the best quotation for your situation.

5.3. What are the forms of investment incentives in Vietnam?

Pursuant to Clause 1 Article 15 of the Vietnamese Law on Investment 2020, the forms of investment incentives are stipulated as follows:

– Corporate income tax incentives, including application of a lower rate of corporate income tax for a certain period of time or throughout the investment project execution; exemption from and reduction of tax and other incentives prescribed by the Law on Corporate Income Tax.

– Exemption from import tax on goods imported to form fixed assets; raw materials, supplies and components for manufacturing purposes in accordance with regulations of law on import and export tax;

– Exemption from and reduction of land levy and land rents;

– Accelerated depreciation, increasing the deductible expenses upon calculation of taxable income.

The above are the information regarding PROFESSIONAL FOREIGN INVESTMENT LEGAL SERVICES IN VIETNAM that Hung Phi Law Firm sends to our Clients. Should you have any questions concerning this matter, or require legal advice for your specific case or incident, please do not hesitate to contact the lawyers of Hung Phi Law Firm today for our timely support and consultation.

Contact Information:

Hung Phi Law Firm

Phone: (+84) 962 75 28 38

Email: luathungphi@gmail.com

Website: hungphi.vn

Sincerely,