Goods trading activities and activities directly related goods trading of foreign - invested enterprises in Vietnam
18 | 10 | 2007
On 17 July 2007, the Ministry of Trade issued Circular No.09/2007/TT-BTM (the “Circular”) guiding the implementation of Decree No.23/2007/ND-CP dated 02 December 2007 detailing Law on Commerce on goods trading activities and activities directly related to goods trading of foreign – invested in Vietnam (the “Decree”).
Accordingly, foreign investor or enterprise having foreign investment in Vietnam who meets the conditions as regulated in Point A Item 1 Article 4 of the Decree shall have the right to invest in order to carry out goods trading activities and activities directly related to goods trading under forms of investment and route of implementation as provided in Appendix 01 of Decree No.10/2007/QD-BTM dated 21 May 2007 of Ministry of Trade on promulgating the route of implementation goods trading activities and activities directly related to goods trading.
In the case of foreign investor invests into Vietnam only to carry out right of import/export without distribution business or activities directly related to goods trading and foreign investor invests into Vietnam for the fisrt time in goods trading activities and activities directly related to goods trading shall have to execute procedure of applying for Investment Certificate.Enterprise having foreign investment which have already been granted Investment Certificate, Investment Licence propose to supplement the implementation of goods trading activities and activities directly related to goods trading shall have to execute procedure of applying for Business Certificate.
Source: InvestConsult Group (VCCI)