VSICdata
VSIC 2018 · Sub-class
49321

Passenger transport by provincial and inter- provincial cars

Vận tải hành khách bằng xe khách nội tỉnh, liên tỉnh

Foreign equity capped at 49%

This activity involves the transportation of passengers using provincial and inter-provincial vehicles, primarily for travel between cities or regions.

Includes

  • Bus services for inter-provincial travel
  • Minibus services for provincial transport
  • Chartered passenger transport between provinces

Foreign ownership

Foreign equity capped at 49%

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

Compare all company structures

Registration path

  1. 1

    IRC

    Investment Registration Certificate from the DPI

  2. 2

    ERC

    Enterprise Registration Certificate (the company itself)

  3. 3

    Post-licensing

    Seal, corporate bank account, tax and e-invoicing

  4. 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

SituationVNDUSD
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 floorNo 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.