Foreign investors who want to start a business in Vietnam can choose between traditional and online ones, because e-commerce is very developed in this country. Most the companies operating in the country at this point have set up websites and took their business in the online environment, while others have been set up directly as online businesses.
Foreign enterprisers who want to start e-commerce companies in Vietnam must comply with several regulations. Our company formation consultants in Vietnam can explain what these rules are.
Registering a Vietnam structure for an e-commerce business
According to the Commercial Law, no business can operate without having first registered with the local authorities. This also applies to e-commerce companies in Vietnam, which even if they offer or sell goods, respectively their services, must operate under a legal structure. For this purpose, enterprisers who want to start e-commerce companies in Vietnam will register one of the types of structures available with the Business Registry in the country.
Our Vietnam company registration specialists can help you choose and register the appropriate type of company for running an e-commerce business.
Regulations imposed to e-commerce companies in Vietnam
Local and foreign businessmen who set up e-commerce companies in Vietnam must comply with several laws applicable to online businesses. These are:
– the Consumer Data Protection Law which provides for the protection of personal data submitted by clients;
– the Intellectual Property Law which provides for the protection of the company’s name;
– the Regulations on Electronic Signatures and Authentication Systems.
Starting an e-commerce business in Vietnam also implies creating a website and registering a domain name with the Internet Network Information Center.
The establishment of a merchant bank account through which online payments are processed is mandatory.
Foreign investors must know that some of the largest e-commerce businesses in Vietnam are located in the special industrial zones which offer various tax and investments incentives.
If you want to start an e-commerce business and need information or assistance in registering it with the authorities, please feel free to contact our Vietnam company formation advisors.