Common Questions about Starting a Business in Vietnam
How do I start a business?
Often starting a business takes nothing more than an idea and some capital; however, there are some formalities to go through. To start, you’ll probably need the business licenses and permits to legally operate. It’s also smart to consider incorporating to protect your personal assets. After you’re cleared, it’s all up to you to hang up your shingle and get started.
Should I start a business?
Starting up your own business is a big undertaking that will require a lot of effort and money so you better be sure it’s the right choice. While no one knows your situation as well as you do, it’s important to consider your finances, goals, type of business, family, in addition to having a plan if things don’t go well—or if they take off. It’s a personal decision, just be sure you know what you’re getting into. Just remember: every business starts with a good idea.
How can I secure funds to start my business?
Depending on your aspirations and the type of business you plan on opening it may not be feasible to set up shop in your garage. Beyond your own capital, you may need to secure funds either through a business loan or from investors. Regardless of how you do it, make sure to document your agreements to avoid complications and to stay organized.
How can I make my business successful?
Many people start businesses and it’s no secret that most of them aren’t successful; however, there are some things you can do to better your odds. Get a business plan: what’s your product, what’s the market, and how are you going to get the two together? No matter how big your business is, it’s important to know where you’re going and how you’ll get there. The rest is up to you and your dedication to making something great.
Need More Information?
Why Choose GBS?
We Make It Simple: We check your name, file your paperwork, and follow up with your state. All you need to do is tell us a little bit about your business.
Specialists to Answer Your Questions: Our specialists have incorporated thousands of businesses just like yours. They can walk you through the entire process by phone and answer any questions you have.
Legal Help After You Incorporate: Whether you need to connect with a lawyer, create legal documents for your business, or need help staying compliant, we're here to help your business grow.
- Vietnam Business Registration
- Restrictions on Foreign Direct Investment in Vietnam
- The Roles and Responsibilities of the Legal Representative in Vietnam
- Licensing Procedures for Foreign-Invested Enterprises in Vietnam
- Establishing Representative Offices and Branches of Foreign Traders in Vietnam
- List of Projects for Which an Environmental Impact Assessment Report Must Be Prepared
- List of projects of which the investment policy shall be approved by the prime minister
- List of business lines require practice certificate prior to business registration
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