Starting a business in Vietnam
14:17 - 07/11/2025
Starting a business in Vietnam
When establishing a business in specialized service sectors such as training, market analysis, or investment information provision, contracts are the most essential legal instruments to protect your interests throughout the operation process.
At the initial stage, enterprises must prepare a complete set of legal documents in compliance with applicable regulations, select the appropriate business structure, and develop internal charters that clearly define capital contribution structures as well as the rights and obligations of members. This helps prevent future conflicts, particularly during expansion or fundraising phases.
Next are service agreements and cooperation contracts with third parties. When engaging with experts, partners, or training entities, the contracts should specify the scope of work, intellectual property ownership, and revenue-sharing mechanisms. A well-drafted contract not only minimizes potential disputes but also serves as crucial evidence to protect the enterprise in case of legal risks.
In parallel, risk management plays an equally important role — from tax obligations and accounting standards to periodic reporting duties. Compliance with these requirements helps enterprises avoid administrative penalties and maintain credibility with regulatory authorities.
Finally, each enterprise should adopt an internal management regulation system that governs contract execution, approval of expenditures, and internal control procedures. This framework is fundamental to ensuring transparency, legal compliance, and sustainable growth.
At HNLaw, we consistently share practical legal perspectives to help businesses develop contract systems that are safe, efficient, and compliant with the law.



