Foreign investors in Vietnam

Foreign investors in Vietnam

HANOI (AFP): Foreign investors will be allowed to set up
representative offices in Vietnam ahead of obtaining licenses to
give them time to study investment projects, a report said
yesterday, quoting a recent Trade Ministry directive.

According to the wide-ranging circular released last week, the
representative office will be given "a necessary term" that
should not exceed three years, the daily Saigon GiaiPhong said.

The establishment of an office will also allow foreign
investors to "promptly fulfill" any procedures required to get an
investment license.

The Trade Ministry's instruction is designed to provide
guidelines on the implementation of the regulations on the
establishment and operation of foreign representative offices in
Vietnam, the newspaper added.