Q&A
Some Q&A about investments in Vietnam
1
Are German citizens entitled to visa free to enter Vietnam?
Yes, German citizens are entitled to visa free for 45 days stay when entering Vietnam
2
Does a German individual need a work permit to work in Vietnam?
Yes, unless the individual falls into cases where the work permit is exempted, he/she will have to apply for a work permit to legally work in Vietnam.
3
Does a foreign - invested company have to enter into written labor contracts with local individuals who work for it?
Yes, if the company hires the individuals for a term of one month or more, written labor contracts must be entered.
4
Are there minimum wages an employer must pay its employees?
Yes, there are minimum regional wages issued by the Government from time to time. The employer may not pay its employees salary lower than the minimum regional wage.
5
Can a foreign –invested company appoint a local individual to act as its legal representative?
Yes, the company may appoint either a local or foreign individual to act as its legal representative.
6
Can a company have more than one legal representative?
Yes, a company may have more than one legal representative and the powers and duties of each legal representative shall be specified in the company’s charter.
7
Is the company required to use its seal in transactional documents?
Except for transactions required by the law, the company has the right to decide whether or not to use its seal for its transactions.
8
Are digital signature allowed for transactions in Vietnam?
Yes, the parties to a transaction are free to agree on whether or not to use digital signatures for their transaction.
9
How can a foreign - invested company acquire land use rights for its projects in Vietnam?
It may lease land from the State or infrastructure builders at industrial parks or take over the land use rights from local investors as equity contributions to a joint venture company.
10
What kind of investment encouragements Vietnam?
It may lease land from the State or infrastructure builders at industrial parks or take over the land use rights from local investors as equity contributions to a joint venture company.