Activities auxiliary to financial service activities n.e.c
Hoạt động hỗ trợ dịch vụ tài chính chưa được phân vào đâu
This class includes activities that support financial services but are not classified elsewhere.
Includes
- Investment advisory services
- Financial market research
- Credit rating services
Excludes
- Insurance services
- Banking activities
Foreign ownership
Foreign investment is permitted, often up to 100%, but this is a conditional business line: it requires a sector sub-licence or regulatory approval on top of the IRC and ERC. Some conditional lines require a Vietnamese joint-venture partner.
Legal basis: Negative list D136 · Law on Investment 2020, Appendix IV (conditional business line)
Your exact activity may fall inside or outside this restriction. Confirm the classification with Emerhub before you rely on it.
Recommended route
Foreign-owned LLC or JSC
Often up to 100%, once the sector sub-licence is granted
Joint venture
Where the conditional line requires a Vietnamese partner
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 |
| Payment intermediary / e-walletMinimum charter capital of VND 50 billion to provide intermediary payment services (e-wallet, payment gateway, electronic clearing).. Legal basis: Decree 52/2024/ND-CP on non-cash payments. | ₫50,000,000,000 | ≈ $1969k |
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.
Licenses & permits
This is a conditional business line. Alongside the IRC and ERC, it needs the following sector sub-licence or regulatory approval before it can legally operate in Vietnam.
- Sector sub-licence
Intermediary payment and mobile-money services (activities auxiliary to financial services).
Conditional business line under the Law on Investment: foreign investment is generally permitted (often up to 100%) but the activity requires a sector sub-licence or regulatory approval. Legal basis: Law on Investment 2020, Appendix IV (as amended, effective 1 Jul 2026).
- Sector sub-licence
Securities registration, depository, clearing and settlement — activities auxiliary to financial services.
Conditional business line under the Law on Investment: foreign investment is generally permitted (often up to 100%) but the activity requires a sector sub-licence or regulatory approval. Legal basis: Law on Investment 2020, Appendix IV (as amended, effective 1 Jul 2026).
Emerhub can obtain the sub-licence as part of your company setup.