Guide to Set Up a Singapore Company in Vietnam 2025

Vietnam remains a hotspot for foreign investors, particularly Singaporean businesses, thanks to robust bilateral economic ties and a series of free trade agreements (FTAs). As 2025 approaches, the business landscape in Vietnam offers tremendous opportunities, but navigating regulatory requirements can be complex. This guide outlines the key steps and considerations for setting up a Singapore company in Vietnam.

Why Choose Vietnam for Your Business Expansion?

Vietnam’s appeal to foreign investors stems from:

Strategic Location: Positioned at the heart of Southeast Asia, Vietnam provides excellent access to regional markets.
Thriving Economy: Vietnam’s economy continues to grow steadily, with significant improvements in infrastructure and industrial sectors.
Skilled Workforce: A young and dynamic labor force ready to meet diverse business needs.
Supportive Policies: Government incentives, including tax benefits and streamlined procedures for foreign investment projects.

Business Structures Available for Foreign Investors

When incorporating a Singapore company in Vietnam, you can choose from various business structures:

Wholly Foreign-Owned Enterprise (WFOE): Fully owned by Singaporean investors, offering full control.
Joint Venture (JV): Collaboration with a Vietnamese partner, ideal for leveraging local expertise and networks.
Representative Office (RO): Suitable for market research and liaison activities without direct business operations.

Step-by-Step Process to Set Up Your Company

Step 1: Define Business Objectives

Clearly outline your business activities, target market, and objectives to select the appropriate business structure.

Step 2: Prepare Legal Documentation

Key documents include:

Certificate of Incorporation from Singapore
Charter of the company (similar to Articles of Association)
Information on investors and proposed legal representatives
Business plan and financial capacity proof

Step 3: Apply for an Investment Registration Certificate (IRC)

Submit your application to the local Department of Planning and Investment. This certificate is a prerequisite for operating in certain sectors.

Step 4: Obtain an Enterprise Registration Certificate (ERC)

Once the IRC is approved, apply for the ERC, which officially establishes your company.

Step 5: Open a Bank Account and Contribute Capital

Open a corporate bank account in Vietnam and transfer the registered capital within the stipulated timeline.

Step 6: Secure Relevant Permits

Depending on your business activities, you may need additional permits or licenses, such as construction permits or industry-specific certifications.

Key Challenges and How to Address Them

Regulatory Compliance: Stay updated on local regulations with the help of a trusted legal advisor.

Cultural Differences: Gain insights into Vietnamese business culture to foster better relationships with local stakeholders.

Language Barriers: Employ bilingual staff or translation services to ensure smooth communication.

Foreign Investment Consulting Services by La Défense Law Firm

At La Défense, we specialize in guiding foreign investors through the complexities of establishing and operating businesses in Vietnam. Our comprehensive services include:

Company Incorporation Support: From documentation to regulatory compliance, we handle the entire process.
Investment Strategy Consulting: Tailored advice to maximize your investment potential in Vietnam.
Regulatory Compliance Advisory: Ensuring your business operates within the legal framework.
Ongoing Legal Support: Assistance with contracts, employment law, taxation, and dispute resolution.

Why Choose La Défense?

Expertise in Foreign Investment Laws: Our team has in-depth knowledge of Vietnam’s legal landscape and specializes in cross-border transactions.

Customized Solutions: We provide tailored strategies aligned with your business goals.

Proven Track Record: Trusted by numerous international clients for delivering exceptional results.

Client-Centric Approach: We prioritize building lasting relationships based on trust and transparency.

Partnering with La Défense Law Firm ensures a seamless journey in bringing your Singapore company to Vietnam. Let us pave the way for your success in this dynamic market.

Read more at: