Investment in Vietnam

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GUIDEBOOK ON BUSINESS AND INVESTMENT
IN VIETNAM

BERLIN, 2011

FOREWORD
Over the past two decades, Viet Nam’s economy has bee n developing rapidly owing to its “Doi moi” (Renovation) policy and activeness to integrate itself into the global economy. W ith its enormous efforts and determination, and effective cooperation with international partners and friends worldwide, Viet Nam is taking firm steps towards industrialization and modernization.

With a stable political environment and great economic potentials, Viet Nam is an attractive destination for doing business and investment. The Government of Viet Nam has been ceaselessly endeavoring to improve the investment climate with the aim at creating an increasingly business-friendly environment in Viet Nam. Germany is the biggest economic partner of Viet Nam in Europe. The economic cooperation between the two countries has been fruitfully burgeoning. In an effort to further strengthen the economic cooperation between Viet Nam and Germany, t he Embassy of the Socialist Republic of Viet Nam in coordination with the relevant ministries of Viet Nam to publish the Guidebook on Business and Investment of Viet Nam, which is expected to provide German businesses with an overview of the Viet Nam’s economy and its business and investment climate. We are confident that German businesses can find helpful information and guidelines on investment and doing business in Viet Nam from the Guidebook, and thereby have a deeper understanding of the Viet Nam’s economy, a dynamically emerging and reliable destination for international investment flows.

We deeply thank the Ministry of Foreign Affairs and the Ministry of Planning and Investment of Viet Nam for their kind support and assistance. We would like to express our sincere thanks to Dr. Andreas Stoffers, Board Member of German Business Association Vietnam and Member Executive Committee Euroean Chamber of Commerce Vietman for reviewing this book. W e also heartedly thank Marktforschung und Kommunikation GmbH for her great cooperation and excellent coordination in publishing the Guidebook.

Dr. Do Hoa Binh
Extraordinary and Plenipotentiary Ambassador
of the S.R. Viet Nam to the Federal Republic of Germany

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ABBREVIATION
ASEAN
BCC
BOM
BOT
BT
BTO
CEPT
CIT
CPC
DOLISA
DPI
EIAR
EL
EPC
EPZ
EU
EZ
FIC
FOB
GDP
HTZ
IL
IZ
JVC
LTT
LUR
LURC
MFN
MOIT
MOLISA
MONRE
MOST
MPI
NOIP
ODA
PCT
PIT
PPP
RO
SBV
TTC
USD
VAT
VCAD
VND
W TO

Association of Southeast Asian Nations
Business co-operation contract
Board of Management of IZs, EPZs, HTZs and EZs
Build-operate-transfer (including its derivative forms, BTO and BT) Build-transfer
Build-transfer-operate
Common Effective Preferential Tariff Scheme
Corporate income tax
Civil Proceedings Code
Provincial Department of Labour, War Invalids and Social Affairs Provincial Department of Planning and Investment
Environmental impact assessment report
Enterprise Law
Environment protection commitment
Export processing zone
European Union
Economic zone
Foreign-invested company
Free on board
Gross Domestic Product
High-tech zone
Investment Law
Industrial zone
Joint venture company
Law on Technology Transfer
Land use rights
Certificate of land use rights
Most Favoured Nation
Ministry of Industry and Trade
Ministry of Labour, War Invalids and Social Affairs
Ministry of Natural Resources and Environment
Ministry of Science and Technology
Ministry of Planning and Investment
National Office of Intellectual Property
Official development assistance
Patent Cooperation Treaty
Personal income tax
Public Private Partnership
Representative Office
State Bank of Vietnam
Technology transfer contract
United States of America dollar
Value-added tax
Vietnam Competition Administration Department
Vietnamese Dong
W orld Trade Organisation

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TABLE OF CONTENTS

FOREWORD...
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