In investment and business activities in Vietnam, the Business Cooperation Contract (BCC) is considered one of the flexible investment structures commonly chosen by both domestic and foreign investors.

Under Vietnamese law, a BCC is an agreement entered into between investors for the purpose of business cooperation, profit sharing, or product sharing without establishing a new legal entity.

This model is particularly suitable for projects requiring rapid implementation, phased cooperation, or sectors where investors aim to optimize operational structures and management costs.

In practice, BCC agreements are frequently applied in sectors such as trade, technology, education, construction, distribution, energy, and project development cooperation.

However, drafting a BCC requires careful review of many important legal issues, including profit-sharing mechanisms, capital contribution obligations, management of assets formed during the cooperation process, management and operational authority, financial control mechanisms, confidentiality, dispute resolution, and termination conditions.

For BCC agreements involving foreign elements, the parties must also pay attention to procedures for obtaining an Investment Registration Certificate (IRC), foreign exchange regulations, taxation, overseas profit remittance, and market access conditions under Vietnamese law.

HNLaw’s legal consulting and BCC drafting services support foreign partners in structuring cooperation models in compliance with Vietnamese law, reviewing legal risks, and protecting investors’ interests throughout the entire business cooperation process.

HNLaw – Law Firm
Email: vn.hnlaw@gmail.com