Vietnam’s internal economy is still growing and many foreign investors view it as one of the top growth markets both internationally and in Southeast Asia, therefore it continues to attract foreign investors looking to exploit the market through expanding commercial and retail opportunities.
Decree No. 09/2018/ND-CP of Vietnamese the Government, the Law on Commerce and on Foreign Trade Management, regulates activities by investors in the purchase, sale or trading of goods. The implementation of WTO commitments by the Vietnamese Government in opening distribution channels in Vietnam requires Foreign Invested Enterprise have both a Business License and for each retail outlet its own separate Retail Establishment License in order to buy products and resell to customers at their Business Establishments.
Basic process
- Step 1: Apply for wholesale and retail business projects and set up businesses to carry out projects. It takes about 20 working days.
- Step 2: Apply for a Business License. It takes about 20 working days.
- Step 3: Apply for a license to set up a retail establishment. It takes about 20 working days.