How long does it take to set up a company in Vietnam?

The duration for setting up a company in Vietnam varies based on the business structure, industry requirements, industry, and accuracy of information submitted for incorporation. Most companies have multiple levels in their administrative process, with overall completion times depending on their efficiency.

Important elements in these considerations include:

• Document preparation: Preparation of identification documents, writing out the company’s charter, or finalization of investment information might influence how soon the process starts.
• Licensing approvals: It is necessary for all business entities to obtain appropriate registration certificates, which could vary based on the type of investment, among other considerations.
• Enterprise registration: After obtaining all necessary approvals, the process for registering the company officially begins, as per government rules.
• Post-licensing procedures: Activities such as tax registration, seal arrangements, and compliance setup also contribute to the overall timeframe.

To sum up, the entire process could take several steps to complete, depending on the company's readiness, among other considerations. It is, however, advantageous to have professionals from the respective companies to assist in completing all necessary steps.