There are many investment opportunities in Vietnam, however, one of the most developed and sought at the same time is agriculture. With vast land plots which can be used for various agricultural activities, Vietnam offers plenty of investment opportunities to foreign investors who want to open companies here.
In order to support sustainable agriculture activities, Vietnam became a member of some of the largest organizations in the world, such as the International Plant Protection Convention and the Food and Agriculture Organization.
If you want to open an agricultural company in this country, our company formation agents in Vietnam can assist with the registration process for the chosen business form.
Requirements to open an agricultural business in Vietnam
Foreign investors who want to set up companies in agriculture in Vietnam can register one of the business entities approved by the Company Law, however, the most employed type of structure used for such activities is the co-operative.
The government supports the creation of co-operatives in agriculture. These must be comprised of at least 7 members who will benefit from the following:
- priority in leasing land plots (in certain cases these are allocated for long periods of time);
- preferential credits issued by the government to co-operatives and unions;
- special policies related to the investments made in the development of the infrastructure for agricultural purposes;
- monetary support in recovering after natural disasters and assistance in processing the products.
Foreign investors can set up various types of companies in the agriculture sector in Vietnam, including joint ventures. Our Vietnam company formation specialists can offer more information on the best structures to be used in agriculture.
Most appealing sectors of agriculture in Vietnam
Vietnam is currently one of the most important players in agriculture at a global level, companies here exporting most of their products.
The most developed branches of the Vietnam agricultural industry are:
- horticulture with the Lam Dong as a representative province;
- dairy which is expected to double in terms of sales by 2020;
- poultry and pork meat processing sectors.
If you want to open an agricultural business in Vietnam and need help, please contact our local company registration consultants. Additionally, our lawyers’ services are available to you if you are looking for an accounting firm in Vietnam. If the business is still operating on a tight budget, establishing and maintaining an accounting team is more expensive. But the company is unable to guarantee that the workers’ quality of work is commensurate with their salary expenses. However, the cost of hiring accounting services in Vietnam is less expensive based on the service packages registered by businesses.