License foreign traders to conduct commercial activities in Vietnam

John Melon (Ohio, American) How can we get license foreign traders to conduct commercial activities in Vietnam?

Lawyer of MTON Vietnam law firm: Thank you for your question, this is our answer

Competence to license foreign traders to conduct commercial activities in Vietnam

1. The Government shall uniformly manage the licensing of commercial activities of foreign traders in Vietnam. 

2. The Ministry of Planning and Investment shall be answerable to the Government for managing the issuance of licenses to foreign traders investing in Vietnam according to the provisions of Vietnamese law. 

3. The Ministry of Trade shall be answerable to the Government for. managing the issuance of licenses to set up Vietnam-based representative offices of foreign traders; or licenses to set up branches, joint-venture enterprises or enterprises with 100%foreign capital in Vietnam in cases where such traders are specialized in conducting activities of goods purchase and sale or other activities directly related to goods purchase and sale in compliance with Vietnamese law and treaties to which the Socialist Republic of Vietnam is a contracting party. 

4. Where a specialized law contains specific provisions on the competence of ministries or ministerial-level agencies, which are responsible before the Government for managing the issuance of licenses to foreign traders for conducting commercial activities in Vietnam, the provisions of such specialized law shall apply.

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At the time you read above text, the effective of rule or Act may have changed. Moreover, each case have not the same. MTON advised the readers not to be arbitrarily applied in the above text. Please consult a trusted attorney or contact us at the address is listed at the bottom of this website. Thank you!