Land transport of passengers by underground and elevated railways
Vận tải hành khách bằng hệ thống đường sắt ngầm hoặc đường sắt trên cao
This activity covers the transportation of passengers using underground and elevated railway systems.
Includes
- Subway services
- Elevated train services
- Light rail transit
Excludes
- Land transport of passengers by buses
- Land transport of passengers by trams
Foreign ownership
Foreign equity in this activity is capped at 49% of charter capital. The usual route is a joint venture in which a Vietnamese partner holds the balance above the ceiling.
Legal basis: Negative list C5 · Decree 31/2021/ND-CP, Appendix I, Section B
Recommended route
Joint venture
Foreign equity up to 49%; a Vietnamese partner holds the balance
Business cooperation contract
A contractual JV without forming a new legal entity
Registration path
- 1
IRC
Investment Registration Certificate from the DPI
- 2
ERC
Enterprise Registration Certificate (the company itself)
- 3
Post-licensing
Seal, corporate bank account, tax and e-invoicing
- 4
Sub-licence
Sector permit, if the activity is conditional
Emerhub files each step with the authorities; you provide the documents and information.
Charter capital
| Situation | VND | USD |
|---|---|---|
| Most business linesVietnam sets no statutory minimum charter capital for most sectors. The registered charter capital must be credible for the project and fully contributed within 90 days of the Enterprise Registration Certificate. Foreign-invested projects are assessed on capital adequacy at the Investment Registration Certificate stage.. Legal basis: Law on Enterprises 2020 (No. 59/2020/QH14), Art. 47, 75, 113; Law on Investment 2020. | No floor | No floor |
Bold is the figure the law sets; the other column is an approximate conversion at ₫25,400 to USD 1. Vietnam sets no general minimum for most sectors.