Education Vietnamese are most well-educated, with a literacy rate of over 98.85% for people aged 15 and older. Nationally, about 21.8 million pupils representing about 91.7% of the population of secondary school age are currently attending school. As for higher education alone,…

Legislation From 1 January 2021, the Law on Enterprises 2020, as amended in 2022 (“LE”) and Law on Investment 2020 as amended in 2022 (“LI”) replace the previous Laws of 2014 and generally govern investment activities, establishment and operation of enterprises in…

Representative office (“RO”) is not a separate legal entity under the laws of Vietnam. The activities of a RO are limited to business promotion; identification and promoting the trade opportunities; and supervising the implementation of contracts signed between its parent/ represented company(ies)…

Foreign banks, auditing firms, law firms, fund management companies, and foreign economic organizations can set up their branches in Vietnam. The licensing agencies are varied, e.g. SBV grants licenses to foreign banks’ branches, MOF – licenses to branches of foreign auditing firms…