Comprehensive consulting station for investment business in Vietnam

Vietnam's industrial parks are distributed all over the country, concentrated in the three administrative regions of the north, the middle and the south. Each region has its own development characteristics and unique incentive schemes. northern region The northern region consists of 25 provinces, of which 7 provinces and cities including Hanoi, Haiphong, Bac Ninh, Hai Duong, Xing An, Yong Phuc, and Quang Ninh are key special economic zones. The total land area is 18,900 square kilometers. The main industries are computers, electronic and optical products, machinery and equipment, assembly metal parts and products, plastic products, chemicals and products, etc. The region's proximity to the Chinese border has attracted a large number of companies that maintain operations in China but wish to shift manufacturing to Vietnam as part of the "China + 1" strategy. Middle Region The key special economic zones in the central region are mainly composed of 5 provinces, namely Chengtian Hue, Da Nang, Quang Nam, Quang Ngai, and Binh Dinh. The main commercial activities are distributed near Da Nang. The total land area is 17,600 square kilometers. The main industries are food processing, metal products, other non-metal products, paper products, forestry products, and plastic products. southern region The key special economic zones in the southern region are mainly composed of 8 provinces and cities including Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Ba Ria-Vung Tau, Binh Phuoc, Tay Ninh, and Tien Giang. With Ho Chi Minh City as the center, this area is the most active economic area in the country and is known as the industrial center. The good investment environment has attracted the most direct investment from foreign companies. The existing industries are mainly machinery and equipment, textiles and clothing, metal products, rubber and plastic products, chemicals and products, food processing, etc. For companies that need to import goods from China, the north is a better choice for them. The advantage of the south lies in its proximity to Vietnam's largest commercial port, and its proximity to key locations such as airports, seaports, major highways, and borders.

As a hot spot for going overseas in recent years, Vietnam has attracted a large number of Chinese, Japanese and Korean companies. Before choosing to invest in Vietnam, do you have enough understanding of these questions? 1. Is the main purpose of investing in Vietnam to reduce production costs, or is it for multiple preferential tariffs for exports from Vietnam to other countries? 2. What is the regional distribution of different industries and the entry threshold? 3. What is the main investment, Chinese capital or foreign capital, individual or organization? 4. Is the transportation convenient and the supply of raw materials convenient? 5. Human resources cost, is it easy to recruit? 6. Should I rent a factory building or  land and build it myself? Cost difference? 7. Various government tax incentives, choose economic zone, industrial zone or industrial cluster?

When choosing to invest in Vietnam, in addition to regional location, traffic conditions, raw material supply and other factors, More companies are more concerned about what tax incentives Vietnam currently has for companies. The following information may help you  

1. Does Vietnam allow 100% Chinese/foreign invested companies? It is possible except for specific industries. For example, foreign capital in the logistics industry can account for up to 49% of the shares. In actual operation, due to the problem of the "nine-dash line" in the new version of Chinese passports, different provinces and cities have different policies for Chinese-funded registration at different times. 2. What are the provinces and cities where 100% Chinese investment can be registered? At present, qualified production enterprises in formal industrial zones can register 100% Chinese capital in most areas of Vietnam. Trading enterprises can register 100% Chinese capital in Bei Ninh, Hai Duong, and Hai Phong in the north, and Binh Duong and Ho Chi Minh in the south. 3. Does the registered capital have to be paid in? Yes, foreign-funded enterprises need to pay in capital within 90 days. Otherwise, you will face fines and the risk of being suspended from business. At present, in Bac Ninh and other places, the minimum registered capital that Chinese-funded trading companies can apply for is 3 billion VND (about 880,000 RMB). In actual operation, some enterprises also choose Vietnamese locals, natural persons holding passports from other countries, and foreign-funded companies of their enterprises as the main body to register enterprises in Vietnam. Enterprises can choose a more reasonable method according to their actual conditions.