Instructions for setting up a manufacturing company in Vietnam

1. Legal entity options

Foreign businesses can choose from two popular forms of legal entity to establish a manufacturing company in Vietnam that foreign businesses can refer to:

• Joint Stock Company: has a complex structure, suitable for medium and large-sized companies;
• Limited Liability Company: with a number of capital contributors of one to 50 members, suitable for small and medium-sized companies.

2. Requirements for a manufacturing company in Vietnam 

To set up a manufacturing company in Vietnam, business owners need to pay attention to issues such as: 

• There is generally no minimum capital requirement to set up a manufacturing company. However, the competent authorities will decide to approve the investment based on whether the capital of the enterprise includes the intended activities or not. 
• For joint-stock companies, the maximum allowed foreign ownership ratio for manufacturing companies in Vietnam is 100%. Simply put, a foreigner can have a wholly foreign-owned manufacturing company.

3. Steps to set up a manufacturing company in Vietnam 

The average time it takes to complete the entire regulation of setting up a manufacturing company in Vietnam is about four months. However, business owners should be aware that there are some additional permits and special requirements for manufacturing companies: 

• Investment registration certificate: to register for investment, you first need to get an investment registration certificate from the Department of Planning and Investment. Only with this license can you conduct business activities in Vietnam. 
• Business registration certificate: after applying for an investment registration certificate, you need to apply for a business registration certificate. After being certified by the Department of Planning and Investment, the enterprise will have 90 days to make a capital contribution to the company. 
• License types and requirements: in addition to the above two types of licenses, you may need to add other types of permits or submit some reports. This will depend on the industry as well as the products that the business produces and whether the production has an impact on the environment. Some other licenses that may be needed include:

• Building Permit (in case you intend to build a new factory or warehouse). 
• license for fire prevention and fighting. 
• "Food safety certificate" 
• conformity announcement 
• Register for an environmental impact production assessment report.

4. YNN GLOBAL - assistance in establishing a reputable manufacturing firm in Vietnam 

YNN GLOBAL is proud to support the establishment of a manufacturing company in Vietnam. With a team of talented and dedicated professionals, we can ensure that we can help domestic and international clients get ready for complex paperwork. In addition, our unit also assists in the application of registration and obtaining the necessary permits and approvals to establish a company. In addition to the services at YNN GLOBAL, you will be advised to understand clearly the types of business as well as the activities permitted by law. In the case of many problems or difficulties, we will offer the most economical and optimal solution when establishing a company. You can contact us for expert advice on setting up your manufacturing company in Vietnam.

Related: Professional work permit service for foreigners in Vietnam

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YNN GLOBAL - Consulting services

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