[Q&A] #023 - Start a Trading Company in Vietnam: Exporting Goods

Vietnam has emerged as a strategic hub for international trade, offering foreign investors significant opportunities in the export sector. This guide addresses key questions about establishing a trading company in Vietnam, with a focus on export operations. Whether you're an individual investor or representing a business entity, this comprehensive Q&A will help you understand the process, requirements, and considerations for setting up your trading company in Ho Chi Minh City, Vietnam's dynamic commercial center.

Start a Trading Company in Vietnam: Exporting Goods. Why not?

## General Questions

Q: What types of trading activities are permitted for foreign investors in Vietnam?

A: Foreign investors can engage in export activities with 100% ownership and no limitations. Additionally, wholesale trading is permitted without restrictions. Retail operations are possible but require a separate retail license.

Q: Which products can be exported from Vietnam?

A: Most products can be exported without special licenses, including:

- Textiles and clothing

- Household goods

- Machinery and equipment

However, certain regulated products may be prohibited or require specific export licenses.

## Setup Process

Q: What does the setup service include?

A: The service includes:

- Company establishment procedures

- Post-establishment procedures

- Vendor research and coordination (upon request)

- Support for completing compulsory requirements

- Follow-up assistance during the setup process

Q: What is the timeframe for capital contribution?

A: There is a 90-day deadline for capital contribution from the date of establishment. The company can begin operations as soon as the capital is contributed.

## Operational Requirements

Q: What documentation is needed for exports?

A: Each export shipment requires:

- Customs paperwork

- Customs declarations

Note: Customs agencies can assist with these requirements, and Van Pham LLC can provide recommendations for reliable agencies.

Q: Are there any restrictions on retail operations?

A: Yes, retail operations require:

- A separate retail license

- Additional approval process

However, this can be obtained later if you decide to expand into retail.

Q: What information is needed to proceed?

A: The following details are required:

- Confirmation of investor type (individual or entity)

- Proposed capital amount

- Specific product details

- Intended business scope

- Investor documentation

Checklist and timeline for company setting up and post establishment procedures

Of note: real-time set up may take shorter or longer due to various factors (including the activeness of authority's responses, documentation, filing, etc.). 90-day is the deadline for capital contribution, hence the sooner the investor contributes capital, the sooner the Vietnam company can commence its operation.

Starting a trading company in Vietnam presents a valuable opportunity for foreign investors to participate in one of Southeast Asia's most vibrant economies. While the process involves several steps and compliance requirements, the open policy towards foreign investment in export activities makes it an accessible venture. With proper guidance and support from experienced service providers like Van Pham LLC, you can navigate the establishment process efficiently and begin your export operations within the standard 90-day timeframe. Remember that success in Vietnam's market requires careful attention to both initial setup procedures and ongoing compliance requirements. For specific guidance tailored to your business needs, don't hesitate to reach out to our team for detailed consultation and support.