Can foreigners own restaurants in Vietnam?

Foreigners may own businesses in Vietnam. … But most businesses can be 100% foreign-owned.

Can foreigners open a business in Vietnam?

Can foreigners start a business in Vietnam? Yes! You can start a business in Vietnam as a foreigner, through direct or indirect foreign investments. Direct foreign investment means you work together with a Vietnamese partner in a 100% foreign-owned company or a joint venture company.

Can a foreigner own a bar in Vietnam?

One of the most popular businesses in Vietnam for foreigners is catering services – restaurants, cafes and bars. It’s not surprising given Vietnamese’s Law of Enterprises which let foreigners own 100% of capital contribution to such companies without any additional requirements.

Does Vietnam allow 100% foreign ownership?

Vietnam allows 100% foreign ownership of a business in most industries. These include trading, IT, manufacturing, and education. … In such cases, foreign investors will need a Vietnamese joint venture partner. World Trade Organization (WTO) agreements regulate foreign ownership for most business lines.

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How much does it cost to open a business in Vietnam?

Fees

Different Vietnam entity types Cost Draft Invoice
Professional services LLC US$20,740 View invoice PDF
Trading and distribution LLC US$25,740 View invoice PDF
Manufacturing LLC US$37,275 View invoice PDF
Locally-owned LLC US$13,860 View invoice PDF

How can I open a restaurant in Vietnam?

HOW TO OPEN A RESTAURANT IN VIETNAM

  1. Choose a Restaurant Concept and Brand. …
  2. Form Your Menu Items. …
  3. Obtain Funding. …
  4. Choose a Location and Lease a Commercial Space. …
  5. Permits and Licenses. …
  6. Source Equipment and Food Suppliers. …
  7. Design a Restaurant Layout. …
  8. Hire the proper Staff: You and remain local Vietnamese staffs will be one team.

What should I avoid in Vietnam?

11 Things You Shouldn’t Eat or Drink in Vietnam

  • Tap water. Might as well start with the obvious one. …
  • Strange meat. We don’t mean street meat, as street food in Vietnam is amazing. …
  • Roadside coffee. …
  • Uncooked vegetables. …
  • Raw blood pudding. …
  • Cold soups. …
  • Dog meat. …
  • Milk.

How do I open a cafe in Vietnam?

Opening a Coffee Shop in Vietnam: a Step-by-step Guide

  1. Establish a Legal Entity for Your Coffee Shop. The process of starting a coffee shop is a little more difficult for foreigners compared to the locals. …
  2. Obtain the Food Safety Certification. …
  3. Take Care of Other Legal Details.

How much does it cost to open a bar in Vietnam?

Also a bar or restaurant can be 100% foreign owned under the name of a company. Startup costs in total will depend on your equipment, rental and personal. Legal and para-legal costs can be anything from as little as USD 500.00, +, + ++++, depending on that, what you can make yourself, assets and location.

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How much does it cost to open a coffee shop in Vietnam?

Each takeaway coffee shop has an area of 4 – 40 square meters, and costs between VND65 million ($2,800) and VND175 million ($7,540) to set up, said Vo Thi Ha Giang, Director of Communications at Trung Nguyen Group.

Can foreigners buy real estate in Vietnam?

The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.

Can I buy a business in Vietnam?

Foreigners are permitted to own and operate their own businesses in Vietnam, either through indirect or direct foreign investment. … Businesses that are wholly foreign-owned or are participating in joint ventures with a Vietnamese business are considered to be direct foreign investments.

What business should I start in Vietnam?

Top 10 business investment opportunities in Vietnam for SME

  • Furniture Making and Remodeling.
  • Garment and Textile Products.
  • Construction and building Materials.
  • Detergents and cosmetics.
  • Agricultural Products Processing.
  • Exportation.
  • Real Estate.
  • Restaurant and Bar.

What is a good salary in Vietnam?

While there are some older expats and families, the majority of expats in Vietnam are in the 18-35 age group. Average Local Salary: The average monthly salary of a worker in Vietnam is about $148 per month; those in high paying jobs bring home around $500 per month.

How can I live in Vietnam permanently?

Finally, the permanent residency permit is for foreigners who have lived in Vietnam for at least 3 years, who previously had a temporary residency permit and who can prove they have had a stable income during their time in Vietnam. Permanent residency cards need to be renewed every 10 years.

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Is it expensive to live in Vietnam?

Vietnam is an inexpensive country to live in. Most items cost less than half of what you would pay in the West, and anywhere from 5% to 25% less than what they would cost in many other Southeast Asian countries. Vietnam’s most expensive city is Ho Chi Minh City, followed by Hanoi.