Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private company No minimum	1 member Unlimited to the owner
Limited Liability Company No minimum	Minimum 2 partners. Maximum: 50. Liability is limited to the contributions.
Joint-stock company No minimum	Minimum 3 partners Liability is limited to the contributions.
Partnership No minimum	At least 2 co-owners Unlimited to all partners

The Competent Organization: The State Committee for Co-operation and Investmen is the organisation where status must be registered.

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Viet Nam.
Company Registration Office

Working Conditions

Legal Weekly Duration: People ussually work 48 hours a week spread over 5 and a half days. Employees in the Administrative Sector work 40 hours a week.
Retirement Age: 55 years old for women and 60 years old for men.
Working Contracts: There are two types of labor contracts:
- An indefinite term labour contract: the two parties do not determine the term and the time for termination of the validity of the contract;
- A definite term labor contract: the two parties determine the term and the time for termination of the validity of the contract as a period of twelve (12) to thirty six (36) months; or a labor contract for a specific or seasonal job with a duration of less than twelve (12) months.

Minimum Wage: 420 USD/person/year
Average Wage: Average monthly gross earnings in Vietnam is VND 2,240,912 (USD 126).
Social contributions: Social Security Contributions Paid By Employers: 15 %.
Social Security Contributions Paid By Employees: 5 %.

Social Dialogue and Involvement of Social Partners: The General Confederation of Labor co-ordinates provincial and local trade unions with regards to problems concerning labor and companies supervision for labor conditions.
Unions: Vietnam General Confederation of Labor
Unionization Rate: The rate of unionization is close to 100%.
Labor Regulation Bodies: Ministry of Labor, Invalids and Social Affairs
Vietnam General Confederation of Labor

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