Overseas Vietnamese investment in Vietnam
How can overseas Vietnamese invest in Vietnam? Can they buy shares in shareholding companies?
- John Tran, California, U.S.
Overseas Vietnamese can invest in Vietnam under different forms.
They can buy shares and bonds issued by businesses or agencies.
They can invest under the Law on Promotion of Domestic Investment, with the establishment of different enterprises stipulated in the Enterprise Law, such as limited liability companies, shareholding companies and private enterprises.
They can also invest under the Law on Foreign Investment, whereby foreigners, including overseas Vietnamese, can operate under the form of a business cooperation contract. This is an agreement signed between two or more parties to undertake an investment or business in Vietnam without establishing a new entity. The contract specifies the responsibility and profit-sharing system between the parties. The law also allows them to establish joint ventures with the involvement of two or more partners. Another form of investment is a 100% foreign-owned enterprise.
All these investment forms are encouraged. Investors can choose the form suitable to their own resources and the scope of business they intend to engage in.
