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.