According to the World Bank, Vietnam has been a popular destination for foreign investors. It is expected to grow at a rate of 12% per year from now until 2020. With an export-import turnover of $623 billion in 2020. The need for improved logistics is accompanied by this extraordinary growth, to qualify economic development and maximize the benefits of manufacturing enterprises. As a result, the demand for establishing a logistics company in Vietnam has recently increased, attracting both domestic and foreign investors.
According to the Schedule of Specific Commitments on Services of Vietnam upon joining the WTO and Decree 163/2017/ND-Cp, the percentage of foreign capital contribution limit varies depending on the logistics activity. Investors can look into the following sectors:
Logistics Sector in Vietnam | Form of investment allowed in Vietnam | Maximum foreign ownership in Vietnam |
Freight services of sea freight services (except domestic transport) | Established joint venture companies in Vietnam operating fleets under Vietnamese flags or contributing capital, purchasing shares in Vietnamese capital enterprises, and contributing capital. | 49% |
Container handling services (sea freight support) | Must establish a joint-venture enterprises with Vietnamese investors or capital contribution, purchase of shares, or contributed capital in Vietnamese capital enterprises | 50% |
Container handling services are supporting all forms of transportation, except those provided at airports | 50% | |
Customs transportation services under the shipping support service | No rate specified | |
Services of inspection of bills of way invoices, goods transport brokerage services, an inspection of goods and services of sampling and weight determination; services of receiving and accepting goods; transportation documents preparation service | No rate specified | |
Freight services (inland waterways) | 49% | |
Freight (rail) services | 49% | |
Freight services (road) | 51% | |
Warehousing services | Can establish a 100% foreign-owned enterprises or a joint venture or capital contribution, purchase of shares or contributed capital in Vietnamese capital enterprises | 100% |
Freight agent services | 100% | |
Service of the service | 100% |
VNBG provides the service to establish a logistics company for you as follows:
- Refer and arrange a Vietnamese local partner to form a joint venture with the foreign investor.
- Advising on conditions for the establishment of the logistics company in each sector: ownership limits; business conditions for establishment; location criteria, full procedures, and timeline for incorporation.;
- Consultancy on choosing the appropriate type of company: Limited Liability Company or Joint Stock Company;
- Advising on opening capital bank accounts, capital contribution deadline;
- Advising on the preparation of necessary documents for the establishment;
- Advising and drafting company establishment documents for investors;
- Implement the whole incorporation process and obtain the necessary licenses for business
- Provide post-establishment services such as book-keeping, compliance, payroll.
- Other corporate secretarial services on demand.
Contact us for more details: