Market-entry structure · Emerhub
Joint venture
A joint venture is an LLC or JSC owned by the foreign investor together with a Vietnamese partner. Where the activity caps foreign equity (for example transport, advertising, or logistics), the foreign side holds up to the ceiling and the Vietnamese partner holds the balance. Emerhub can help source and structure the local partner.
Foreign ownership
Up to the code ceiling, for example 51%, 49%, 34%, or 30%. A Vietnamese partner or partners hold the remaining equity.
Minimum capital
No general minimum, though the sector setting the cap often sets its own legal capital. Charter capital is contributed within 90 days of the ERC.
Best short answer
The route for capped activities that need a Vietnamese partner.
Good for
- ✓Capped activities under the negative list
- ✓Sectors that require a Vietnamese partner
- ✓Investors comfortable sharing equity to access a restricted line
Requirements
- A Vietnamese co-owner holding the balance above the ceiling
- IRC then ERC
- A shareholders or members agreement setting control and economics
Set up a joint venture with Emerhub
Emerhub runs the filings; you provide the documents.