Market Entry

International corporations and entrepreneurs would face challenges to understand the Vietnam market in both commercial and regulatory terms. We aim to assist clients to fill that gap. Our Market Entry services cover a range of services that help the clients to do business in Vietnam in a cost effective ways through:

• Research Service
• Company Profiling and Due Diligence
• Policy and Regulatory Research
• Assistance in Setting-up Business Venture
• M&A Origination & Execution

We understand the challenges you are facing, and we help you with strategies that work best for you.

We could be reached at email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam.

Read More

The UK Entreprises Encouraged to Explore the Potential Market in Vietnam

In addition to improvement of the business environment in Vietnam, Deputy Foreign Minister Hugo Swire also affirmed that Vietnam and UK will plan to raise awareness for the UK investors about potential business market in Vietnam.

Talking to the press after the Vietnam - UK 4th annual strategic dialogue in Hanoi today (February 27^th), Mr. Hugo Swire said, one of the highlights of the conference is how to strengthen bilateral trade relations.  According to him, a number of the businesses of the UK have succeeded in Vietnam but the UK wants more and more enterprises to be successful in Vietnam in the future.  To do this, the improvement in business environment is one of the problems the UK stressed many times before. Mr. Hugo Swire said that transparency and openness of Vietnam are still big challenges affecting the decision for UK enterprises to invest in Vietnam.  Besides, another fact acknowledged by Mr Hugo Swire is that many businesses in the UK have not understood the potential markets in Vietnam.

Therefore, during the dialogue taken place today, he said, Vietnam and the UK have discussed a program to raise awareness of UK businesses in London to Vietnam market.  According to Mr Hugo Swire, the completion of free trade agreement between Vietnam and the EU will open up many prospects to attract British investors to Set-up company in Vietnam.

"These problems, if be solved, they will bring to resonance as well as open new horizons for UK businesses to enter into Vietnam," said Deputy Foreign Minister.

Reviewing more specific about the Vietnam market, he also said, high-end consumer goods is one of the prioritized potentials for businesses of both countries.

According to him, many designers in the UK now want to introduce products to Vietnam and this may be a priority in the coming time. According to him, four other areas in which the Uk interested are education, energy, especially nuclear energy, health, transportation and infrastructure.

According to Mr Hugo Swire, a detailed plan to strengthen relations and cooperation between the two countries on these issues will be discussed in more detail at the annual meeting of the Joint Committee on Economic Cooperation in the future.

Also on bilateral cooperation, Deputy Foreign Minister said the capital of official development assistance (ODA) will end in 2016 but the UK is committed to continue the support for Vietnam by other methods.

One of the forms of assistance is Newton fund currently being deployed in Vietnam to invest in the fields of science and technology, particularly creative ideas, innovation.

According to Hugo Swire, the UK and Vietnam are still under discussion for formal cooperation framework to help the Newton fund operating efficiently. However, representatives from the UK said, one of the activities of the program is the exchange of scientists between the two countries , thus supporting the implementation of the research to develop economics and society.

[su_quote]

ANT Consulting is here to assist you from the outset; providing intelligence, information, management or support and administrative services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Market Entry
• Tax Advice
• Legal Advice
• Outsourcing Services

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 .  To learn more about us, please visit www.antconsult.vn

[/su_quote]

Read More

Research Service

At ANT Consulting, we assist clients with search and information research service in Vietnam as required.

In particular, we do assist client to survey, interview, locate, check, investigate, verify information.

The report we provide would help clients make better decision in investment, business transaction, employment or Intellectual Property matters.

Let ANT Consulting help your business in Vietnam.

ANT Consulting is here to assist you from the outset; providing intelligence, information, management or support and administrative services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Market Entry
• Tax Advice
• Legal Advice
• Outsourcing Services

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office).  To learn more about us, please visit www.antconsult.vn

Read More

Assistance in setting-up business venture

To help Clients start business in Vietnam, ANT Consulting introduces the service to assist in setting up business venture in Vietnam.

Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or  investing in the contractual forms of: BCC, BO, BTO, and BT

Setting up company in Vietnam

Setting up company in Vietnam

Types of enterprise for foreign investors to invest in Vietnam are as following:

a)     Limited Liability Company

A limited-liability company may not issue securities to mobilize capital.

b)     Joint Stock Company

The main difference between Joint Stock Company and Limited Liability Company is the Joint Stock Company can raise funds by offering shares or securities.  In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company.  Management system of Joint Stock Company is more complicated than Liability Company.

c)     Partnership

Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets.  Limited liability partners shall only be liable for the debts of the company to the extent of the amount of capital they have contributed to the company.

d)     Representative Office of foreign Trader

Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services)

e)     Branch of foreign trader

The Branch is permitted to conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.

f)      The investing measures by signing Contracts

If you are interested in investment in Vietnam and need help from professional business consultants, please send us email at ant@antconsult.vn.

Let us help your business in Vietnam.

Read More

Family Office Services

Vietnam has been considered as an attractive fit for family offices.

Buy property in Vietnam

The Vietnam’s stock market has been around fifteen ten years. Fund certificates in various forms are available such as close ended fund, open ended fund, Exchange Traded Fund (ETF). Foreign investors are now allowed to hold up to 49% shares in a listed company and this room has been in the process to change in the near future. Although Vietnam market is considered small for pension funds or the similar, this market is a right fit for family offices.

Further, foreigners are now allowed to make direct investment, hold 100% and conduct business in most areas after the new investment law’s effective date of Jul 1st, 2015. The real estate law has been passed with effective on the same date with new investment law, allowing foreigners entering Vietnam to buy real estate.

We are a local professional management consulting firm with family office service that assist foreign clients with asset management and consolidated reporting of all the family’s assets.

In particular, we provide wealth management and tax planning, trustee and corporate services, and support with indirect investment, direct investment, real estate and family governance.

We are your consultants and we could act as nominee shareholder, nominee director, or provide management service that help you achieve the goal, and stay in private status at the same time.

We look forward to helping you find the family office services you need in Vietnam.

To learn further about us, send email: ant@antconsult.vn, call office tel +848 35202779 or meet us at our offices.

Let ANT Consulting help your business in Vietnam.

Read More

M&A origination & execution

We advise strategic and financial investors on both, origination and execution of acquisitions, divestments and carve-outs.

acquiring company in Vietnam

acquiring company in Vietnam

M&A origination

We assist client to identify horizontal M&A opportunities (in-market consolidation, new market entry, market exit) as well as vertical M&A potentials (vertical integration or disintegration).
Our M&A origination engagements can be split into two distinct categories:

Ad-hoc analysis and evaluation of potential targets

We perform appraisals of targets focusing on market potential, industry dynamics, valuation, transaction rationale, risk assessment and deal structuring. Based on our recommendations our clients can make well-informed decisions whether or not to pursue M&A transactions.

Fully fledged M&A origination

Based on our clients’ core competencies and business objectives, we develop a comprehensive M&A strategy covering: in-depth evaluation of markets and industries, appropriate investment criteria development, a long list of potential targets/buyers, preliminary valuations, transaction rationale and approach strategy.

M&A execution

We could assist client in executing both acquisitions and divestments. We believe that every M&A transaction is unique and hence demands bespoke process taking all critical factors into consideration:

Our M&A execution engagements typically cover the following activities:

• project management of an entire transaction,
• coordination of daily activities during every step of a transaction process (internal preparation, initial evaluation, non-binding offer, due diligence, binding offer, negotiation, signing and closing),
• coordination of clients’ internal resources and external advisors,
• deal tactics development,
• valuation and financial modeling,
• development of internal documentation (board presentations),
• negotiation assistance.

In case of divestments, we also perform the following activities:

• internal and external processes structuring and planning,
• preparation of an asset for sale (definition of object of sale, preparation of financial data, development of marketing material and dataroom setup),
• development of a long and short list of potential buyers,
• process material development (process letters, NDAs, SPAs/APAs).

We either support or fully take over the role of an internal M&A team, making sure that our assistance delivers the most value to our clients.

Let ANT Consulting helps your business in Vietnam.

Read More

Outsourcing services

We assist clients in providing them with compliance services hence they could focus on their core business.

assistant service in Vietnam

assistant service in Vietnam

HR Oursourcing

Payroll

Accounting

Nominee Services

We could be reached at email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam

Read More

Set-up Representative Office in Vietnam

A foreign business entity or a foreign trader is allowed to establish Representative Office in Vietnam.

Representative office of a foreign business entity in Vietnam (referred as “Representative Office”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to survey markets and to undertake a number of commercial enhancement activities permitted by the law of Vietnam.

Set-up representative office in Vietnam

Representative Office will need to apply and obtain the establishment license; and have a seal bearing the name of the representative office.

Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services), but the representative Office is permitted to

• To operate strictly in accordance with the purposes, scope and duration stated in the license for establishment of such representative office;
• To rent offices and to lease or purchase the equipment and facilities necessary for the operation of the Representative Office;
• To recruit Vietnamese and foreign employees to work for the Representative Office in accordance with the law of Vietnam;
• To open accounts in foreign currency and in Vietnamese Dong sourced from foreign currency at banks which are licensed to operate in Vietnam, and to use such accounts solely for the operation of the Representative Office.

ANT Consulting is here to assist you from the outset; providing intelligence, information, management or support and administrative services that assist market entrance, and ensure efficient business start-up operation.  Our services are as following:

• Market Entry
• Tax Advice
• Legal Advice
• Outsourcing Services

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows.  We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office).  To learn more about us, please visit www.antconsult.vn

[/su_quote]

Read More

Copyright Consultant in Vietnam

Under Intellectual Property Law of Vietnam, invention is a technical solution which must be of worldwide novelty, involves inventive steps and is applicable in various social and economic fields.

Copyright Consultant in Vietnam

The subject of invention and utility solution may be a device, process, substance, microorganisms, cell culture, and use thereof in accordance with a new function. Subject shall not be protected as inventions include: plant or animal varieties; method for prevention, diagnosis or treatment of diseases in human being, animals or plants; topographical design of integrated circuits; computer programs.
ANT Lawyers provides clients patent services as following:
Advise legal matters and the patent-ability of inventions and utility solutions in Vietnam and in abroad;
Conduct patent search and provide information on invention or utility solution, advice measures to protect patent or utility solution in Vietnam and abroad;
Complete the applications (including translating, writing patent description, preparing illustrative drawings of patent) and file to register invention license or utility solution;
Enforce the invention or utility solution rights, including investigation, supervision, negotiation, mediation, lawsuit initiation to handle infringement in Vietnam and oversea.
Advise matters related to maintenance, payment of maintenance fee; recording of all changes of patent application/registrations;
Draft, evaluate, register usage or ownership transfer of contracts on invention or utility solution;
For advice and specific details in each case, please contact us directly at ant@antlawyers.vn or call +84 912 817 823
Let ANT Lawyers help your business in Vietnam.

Read More

Investment law firm in Vietnam

Our foreign investment practice at ANT Lawyers helps clients with the following:
Transactional structuring: advising on the possibility for foreign investors to obtain an investment licence in Vietnam and the selection of an appropriate investment vehicle in Vietnam such as a business co-operation contract, a joint venture company or to set up a company in Vietnam as a wholly foreign owned company.

Investment law firm in Vietnam

Licensing requirements: drafting and negotiating all documents required for obtaining an investment licence for a foreign invested project, following up Vietnamese authorities for obtaining the investment licence and assisting to complete all post-licensing procedures.
Regulatory issues: advising on regulatory issues in relation to the operation of foreign invested projects in Vietnam including advertising and promotion of their products. Please contact us for inquiries through email ant@antlawyers.vn or call our partner directly at + 84 912 817 823.
Let ANT Lawyers help your business in Vietnam.

Read More

International law firm in Vietnam

ANT Lawyers is Vietnam exclusive member of Prae Legal, an international law firm network.

International law firm in Vietnam 

Prae Legal Network provides clients with access to global legal resources through its vast network of well-established 242 law offices in trade centers in129 countries.
Our respectable and influential professionals are experienced in all fields of law. We are ready to provide legal solutions to companies and people all around the world for their legal needs. We can help when you would do business transactions in the most challenging parts of the world.
Prae Legal provides comprehensive legal expertise in almost all major practice and industry areas. We have general and subject specific legal expertise that could be applied to different needs of each industry. An industry will be interested in legal developments affecting its own business and legal environment.
For Vietnam legal matters or services, the client could reach the Vietnam law firm members via email at vietnam@praelegal.com or ant@antlawyers.vn or contact the Vietnam law firm member directly via office telephone at +848 35202779.
We have the ability to provide in depth legal assistance in the following practice areas:

Agricultural & Agribusiness
Antitrust, Competition and Trade Group
Automotive
Aviation
Banking and Financial Services
Business Crimes and Compliance
Capital Markets
Construction and Infrastructure
Corporate Organizations and Securities
Employee Benefits and Pensions
Employment and Labor Law
Energy and Natural Resources
Environmental
Government Affairs
Health Care Industries
Immigration
Insolvency, Bankruptcy and Restructuring
Insurance and Reinsurance
Intellectual Property
Life Sciences
Litigation, Arbitration and Dispute Resolution
Media, Entertainment and Sports
Mergers and Acquisitions
Private Equity
Project Finance
Real Estate
Tax
Technology, Outsourcing and Privacy
Telecommunications
Products Liability and Toxic Tort
Trademarks, Copyrights, Trade Secrets and Unfair Competition
Product Liability and Product Safety
Cross-Border Transactions
E-Commerce & Technology
Product Liability and Product Safety

Read More

Foreign Investors May Be Allowed to Hold 60% Shares

A new decision has been proposed to the Prime Minister with a number of changes that encourage foreign investors to make investment in Vietnam and in the meantime improve the financial market to catch up with international standard.

Foreign investors may be allowed to hold 60% shares

ANT Lawyers’ foreign investment practice always follow the change in legal environment to assist our client with the best service. First, foreign investors could own up to 60% of total voting right shares of a listed company.   The previous provisions only allow this ratio for strategic partners.  Secondly, the foreign investors may hold maximum 49% total voting right shares. The previous provision is 49% of charter capital.  Thirdly, for non-voting right shares, the foreign investors are not restricted to hold.  Fourthly, for fund certificate, the foreign investors may hold 100% for both close and open funds while the previous provision only allows 49% and restricts the foreign –owned in open funds.  Fifthly, foreign organizations business in securities may hold securities companies in Vietnam up to 100% Charter capital while in recent provision, maximum of 49% and 100% for the specific cases.

When the new Decision will have been officially issued, the securities market of Vietnam will be more open and attractive to foreign investors. As expected, impact will be increasing liquidation, opening the conditions to establish investment funds, changing the enterprise’s structure, developing the fund management companies, and as such developing the financial market with more options to invest and control the investment in Vietnam.

For further information or intensive advice, please contact ANT Lawyers, your securities lawyers in Vietnam via email ant@antlawyers.vn or tel (848) 3520 2779.

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Commercial

Dispute Resolution

Debt Recovery

Employment

Foreign Investment

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter

Read More

Mandatory Announcement of Cosmetic Product

BUSINESS OWNERS BEING ORGANIZATIONS AND INDIVIDUALS RESPONSIBLE FOR LAUNCHING COSMETIC PRODUCTS ON THE MARKET ARE ONLY ALLOWED TO PUT INTO CIRCULATION WHEN THE COMPETENT STATE AGENCIES APPROVE AND THE BUSINESS OWNERS MUST BEAR FULL RESPONSIBILITY FOR THE SAFETY, EFFICIENCY AND PRODUCT QUALITY. COMPETENT STATE AGENCIES WILL CONDUCT POST-TRADE TEST WHEN THE PRODUCTS ARE BEING SOLD TO THE MARKET.

Cosmetics are substances or preparations used in contact with the external parts of the human body (skin, hair, nails, lips and external genital organs) or the teeth and oral mucosa with the main purpose is to clean, perfume, change appearances, form, adjust body odor, or protect body or to keep the body in good condition.  The following will provide conditions and list of cosmetic types subject to mandatory annoucement.

1. Conditions to apply:

- Organizations and individuals responsible for launching the product into circulation on the market must have function to doing cosmetics business in Vietnam

- The announcement of the features of cosmetic products (intended use of the product) must satisfy the ASEAN guidelines on disclosure features of cosmetic products

2. Kinds of cosmetic that have to announce the distribution of cosmetics:

Kinds of cosmetic products must disclose the circulation of cosmetic products:

- Cream, emulsion, lotion, gel and oil for skin (hand, face, feet)

- Face mask (with the exception of chemistry peeling products)

- Tinted (liquid, paste, powder)

- Makeup powder, after shower powder, toilet powder

- Bath soap, deodorant soap

- Perfume, toilet perfume

- Products for bath or shower (salt, foam, oil, gel)

- Hair removal products

- Deodorants and anti-perspirants

- Shaving products (cream, foam, lotion)

- The makeup and makeup remover products for face and eyes

- Products used for lips

- Products for take caring teeth and mouth

- Products for nail care and adorn

- The products used to clean the outside

- Sun cream products

- Products for tanning without sun

- Skin whitening products

- Anti-wrinkle products

- Other products

Some products which are not classified as cosmetics:

Anti-mosquito products, air freshener, fabric softener, bleach, toilet, oxygen liquid, antiseptic alcohol 700, alcohol 900, denture cleaning products that are not exposed to the oral cavity, fake eyelashes, liquids to take care of eyes/nose/ears, against nasal congestion product, anti-snoring products, vaginal lubrication gel, ultrasound gel, the product in contact with the genital, rectal enema, anesthesia , reduce/control the swelling/edema, dermatitis treatment, allergy relief, anti-fungal, anti-virus products, stimulate hair/eyelash growth, the product removed/reduced fat/ reduced body size, weight loss products, prevent/stop hair growth products, stop sweating process, permanent tattoo ink, remove keloid scars reduction products, wound cleaning products.

Read More

Investment Incentives for IT area in Vietnam

VIETNAM IS ATTRACTING INVESTORS FROM AROUND THE WORLD TO MAKE INVESTMENT THROUGH SETTING UP IT SERVICE COMPANY IN VIETNAM

Since 2010, Vietnam has initiated and invested more resources in the information technology which has been realized as an area that could create a competitive edge for Vietnam.  Recently, the Vietnam government has put a legal frameworks to attract more investment in this area, with the issuance of Decree No.154/2013/ND-CP, taking effect from Jan 1st, 2014 guiding particularly on management of the focused information technology areas.

Accordingly, the enterprises at focused information technology areas will enjoy tax benefits i.e. income tax rate of 10% within 15 years, in some specific cases, extended to 30 years; exempt 50% within 5 continuous years. They are exempted the import tax when importing goods to build fixed properties, manufacture such as machines, equipment, parts, assembles.

Besides, these enterprises may enjoy convenient conditions in customs procedure, incentives in export tax, investment credit, import credit and favorable policies for enterprises business in high technology area.

The focused information technology area must have at least 2,000 employees specialized in information technology; in case of emphasizing in software manufacture, digital content, information technology service, 1,000 specialized employees will be employed at least. 

Read More

Construction Contract in Vietnam

COMPANIES SEEKING TO BUILD AN OFFICE BUILDING OR INDUSTRIAL FACILITY WORK WITH THE CONTRACTOR THROUGH A CONSTRUCTION CONTRACT.

There are several types of construction contract used in the construction industry depending on the level of control from parties involved in terms of investment, responsibilities and duration.

Fixed price is a type of construction contract that offer a total fixed priced for all construction related activities. This contract type could include incentives or benefits for early termination, or can also have penalties, called liquidated damages, for a late termination. This contract type is preferred when a clear scope and a defined schedule has been reviewed and agreed upon.

Cost plus contract is a type of construction contract involves payment of the actual costs, purchases or other expenses generated directly from the construction activity. This type of contract must contain specific information about certain pre-negotiated amount (some percentage of the material and labor cost) covering contractor’s overhead and profit. Costs must be detailed and should be classified as direct or indirect costs.

Time and material contract is usually preferred if the project scope is not clear, or has not been defined. The owner and the contractor must establish an agreed hourly or daily rate, including additional expenses that could arise in the construction process. The costs must be classified as: direct, indirect, mark-up, and overhead. Sometimes the owner might want to establish a cap or specific project duration to the contractor that must be met, in order to have the owner’s risk minimized.

If you need help in reviewing or drafting contract in Vietnam, please contact us at ant@antlawyers.vn or call + 848 35202779.

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Read More

Simplifying the procedure for foreigner to reside in Vietnam

FOR FOREIGNERS WISHING TO COME TO VIETNAM TO WORK AND RESIDE TEMPORARILY, THEY NEED TO EITHER SET-UP A COMPANY IN VIETNAM OR WORK FOR OTHERS. THE OWNER OF THE COMPANY DOES NOT NEED A WORK PERMIT BUT STILL NEED TO APPLY FOR TEMPORARY RESIDENCE CARD.

However, the foreign employee will need the employer to sponsor the work permit in Vietnam before applying for temporary residence card. A recent draft law on entry, exit and residence of foreigner in Vietnam has been proposed with some changes. The draft regulates many open provisions on entry-exit procedure, temporary and permanent residence conditions for foreigner to reside in Vietnam. ANT Lawyers always follows the new updates about administrative procedures in Vietnam to provide our client with the best service.

The new draft law details conditions for granting the temporary residence card for foreigners working in Vietnam, rising term of this card from 3 year to 5 year. The foreigners’ category expands to scientists and specialists residing in Vietnam for the purpose of attracting international talents, the foreigners who don’t have any type of document proving nationality, and have resided in Vietnam before the year 2000. The foreigners holding temporary residence card must change card per periodically 10 years at the issuing offices. The draft law does not allow the foreigners to change the entry purpose, but allows them to supplement the purpose of belonging persons in some specific cases such as in term of diplomatic representative offices, consulate, international representative office of United Nations and students at universities, colleges, schools.

For more information or requirement of legal services to obtain temporary residence card in Vietnam, we could assist. ANT Lawyers, your lawyers in Vietnam.

Read More