Contact | Visit Laos

Government Organizations and Agencies

Ministry of Planning and Investment

There are four main departments under the Ministry:
• Department of Investment Legislation and promotion
• Department of Foreign Investment
• Department of Industrial Zones, Export Processing Zone Management
• Department of FDI Project Monitoring

Contact address:
56 Quoc Tu Giam, Hanoi
Tel: (844) 823-5606/823-2890
Fax: (844) 747-4142/845-9271

Ministry of Industry

The Ministry of Industry's goal is to encourage local and foreign firms to establish factories in the country. It also oversees most matters concerning the industrial sector.

Contact address:
54 Hai Ba Trung Street, Hoan Kiem, Hanoi
Tel: (844) 825-2852, 826-7870
Fax: (844) 826-9033

Ministry of Trade

The Ministry of Trade promotes the country’s products and plays a major role in regulating business.
Contact address:
31 Trang Tien, Hanoi
Tel: (844) 824-2124, 825-3881
Fax: (844) 826-4696

Ministry of Agriculture and Rural Development

Contact address:
2 Ngoc Ha, Hanoi
Tel: (844) 845-9617, 846-8160
Fax: (844) 845-4319

Vietnam Chamber of Commerce and Industry (VCCI)

Founded in 1963, VCCI is an independent and non-governmental organization serving the needs and representing the interests of the business community in Vietnam. With members throughout the country, including all of the largest Vietnamese business groups and corporations, as well as many foreign companies, the VCCI provides a useful access to the country's business community.
Its main activities are:
• Maintaining dialogue with the government aimed at creating a more favorable business and investment environment
• Assisting overseas business delegations in exploring the business environment and opportunities in Vietnam
• Providing trade and investment information through a series of software and printed publications
• Providing consulting services to foreign companies seeking trade and investment opportunities in Vietnam
• Organizing trade and investment missions to foreign countries to look for trade opportunities and investment partners
• Organizing Vietnamese trade shows and assisting local manufacturers and companies to participate in international trade fairs and exhibitions abroad. It also organizes international trade fairs and exhibitions
• Issuing certificates of origin for Vietnamese exports
• Assisting and providing services in industrial and intellectual property protection

Contact addresses:
Head Office Branch Offices
Hanoi
33 Ba Trieu Street
Tel: (844) 825-3023
Fax: (844) 825-6446
Ho Chi Minh City
171 Vo Thi Sau
Tel: (848) 823-0301
Fax: (848) 829-4472
Danang City
256 Tran Phu
Tel: (8451) 822-1719
Fax: (8451) 822-930
Haiphong City
10 Dinh Tien Hoan Street
Tel: (8431) 842-894
Fax: (8431) 842-243
  Vungtau City
36/6 Vo Thi Sau Street
Tel: (8464) 852-710
Fax:(8464) 859-651
Cantho City
29 Cach Mang Thang Tam Street
Tel: (8471) 824-918
Fax: (8471) 824-169
 

Accounting, Law, and Consulting Firms

There are several firms to provide accounting, legal, and business consulting services. The list of firms below does not imply endorsement or vouch for their capabilities.

Accounting firms



 
Arthur Andersen
Ho Chi Minh City
Level 10, Sun Wah Tower
 Street, District 1
Tel: (848) 821-9269
Fax: (848) 821-9268
Hanoi
17 Bis Pham Dinh Ho 
115 Nguyen Hue 
Hai Ba Trung District
Tel: (844) 821-9780
Fax: (844) 821-9775
 
PriceWaterhouseCoopers
Ho Chi Minh City
4 Floor Saigon Tower 
Le Duan Street
Tel: (848) 823-0796
Fax: (848) 823-0796
Hanoi 
4 Floor, International Centre
17 Ngo Quyen Street
Tel: (844) 825-1215
Fax: (844) 825-1737
Danang
68 Nguyen Chi Thanh 29
Tel: (84 0511) 834-362
Fax: (84 0511) 832-243
Auditing & Consulting Company (A & C Co)
Head office
138 Nguyen Thi Minh Khai Street 
District 3, Ho Chi Minh City
Tel:(848) 829-1791, 824-3136
Fax:(848) 825-8199
Khanh Hoa
100 Quang Trung Street
Tel: (8458) 811-591
Fax: (8458) 811-593
 
Accounting & Auditing Financial Consultancy Service Co (AASC)
Le Phung Hieu Street, 
Hoan Kiem District, Hanoi
Tel: (8404) 8262775
Fax: (8404) 825-3973
   
Auditing & Informatic Service Co (AISC)
42 Nguyen Thi Minh Khai Street, 
District 3 Ho Chi Minh City
Tel: (848) 829-5163
Fax: (848) 829-4281
   
BHP Auditing
111 Nguyen CongTru 
Street, District 
Ho Chi Minh City
Tel: (848) 821-5014
Fax: (848) 821-5015
   
Bourne Griffiths Viet Nam Ltd.
3rd Floor, 27 Ly Thai To Street, 
Hoan Kiem District Hanoi
Tel: (844) 824-2733
Fax: (844) 826-4380
   
Ernst & Young Co. (Hanoi)
15th Floor, Deaha Business Centre 
360 Kimma Street
Tel: (844) 831-5100, 814-5152
Fax: (844) 831-5090
   
Hanoi Profession of Auditing & Accounting Co., Ltd.
21 Phuong Mai Street
 Dong Da District Hanoi
Tel: (844) 576-0737
Fax: (844) 576-0713
   

Legal firms


Baker & McKenzie
Ho Chi Minh City
12th Floor, Saigon Tower 
29 Le Duan Street, District 1
Tel: (848) 829-5585
Fax: (848) 829-5618
Hanoi
3rd Floor, 63 Ly Thai To Street
Hoan Kiem District
Tel: (844) 825-1428
Fax: (844) 825-1432
Gide Loyrette Nouel Co.
Hanoi
4th Floor, 56 Ly Thai To Street
Hoan Kiem District
Tel: (844) 826-2060, 825-1958
Fax: (844) 825-7919
Helen Yeo & Partners Co.
Ho Chi Minh City
2 Ngo Duc Ke Street, Me Linh Blg
District 1
Tel: (848) 822-9362, 833-9363
Fax: (848) 824-4981
Hoan Kiem Law 
Consultancy & Services
Hanoi
28 B17 Nam Thanh Cong Area,
Tel: (844) 851-5712
Fax: (844) 831-0482
Hung Vuong Law Firm
Hanoi
47 Le Hong Phong Street
Tel: (844) 823-1949, 843-5801
Fax: (844) 843-5801
Johnson Stokes & Master Co
Ho Chi Minh City
6th Floor, Saigon Tower
29 Le Duan Street, District 1
Tel: (848) 822-8860
Fax: (848) 822-8864
Kelvin Chia Partnership
Hanoi
Rm 201, 43 Tran Xuan Soan Street
Hai Ba Trung District, Ha
Tel: (844) 822-8787, 822-8788
Fax: (844) 825-1875
Viet Law Economic 
& Consultancy Co Ltd
Hanoi 
57 Nguyen Du Street
Tel: (844) 822-8298
Fax: (844) 822-2478
Viet Law Firm Ltd
Ho Chi Minh City
57B Tu Xuong Street, District 3
Tel: (848) 820-2138, 822-3507
Fax: (848) 822-8298

Consulting firms

 
Investment & Trade 
Service Consultant
Javidec International Co
Ho Chi Minh City
287 Phan Dinh Phung
Phu Nhuan District
Tel: (848) 845-7148
Fax: (848) 842-1106
 
Hanoi
61 Hang Chuoi Street
Hai Ba Trung District
Tel: (844) 821-1554
Fax: (844) 971-3093
Linh Nhat Co., Ltd. Thanh Ha Co., Ltd.
Hanoi City
25A An Duong Street,
Tay Ho District
Tel: (844) 829-3853
Fax: (844) 823-9848
Hanoi City
21 Nguyen Chi Thanh Road
Ngoc Khanh Ward, Dong Da
Tel: (844) 771-5655
Fax: (844) 771-5661
 
Thaoly Consultants Ltd.  
Ho Chi Minh City
223 Huynh Van Banh Street
Phu Nhuan District
Tel: (848) 844-4748
Fax: (848) 845-4378
 

Financial Institutions

In 1990, the State Bank of Vietnam (SBV) became Vietnam’s central bank. The transformation made it necessary to turn over its credit functions to four newly reorganized banks:
• Bank for Agriculture & Rural Development
• Bank for Investment & Development
• Foreign Trade Bank of Vietnam (Vietcombank)
• Industrial & Commercial Bank of Vietnam (Incombank)

Bank for Agriculture & Rural Development

Established in November 1990, its main role is financing the agricultural and rural sector. The bank mobilizes funds from urban areas and lends to the farming communities throughout the country.

Bank for Investment & Development of Vietnam

Established in November 1990, the Bank for Investment & Development acts as a commercial bank by issuing long-term credit for financing development projects. It receives funds from institutional organizations such as the Asian Development Bank (ADB), World Bank, and the International Monetary Fund (IMF) for the sole purpose of financing infrastructure
development.

Bank for Foreign Trade of Vietnam (Vietcombank)

Vietcombank is the largest state-owned commercial bank in Vietnam, accounting for an estimated 70 percent of the country’s import-export trade financing. Its main objectives are to grant long-term credits for financing state infrastructure and telecommunication projects, and medium-term credit, usually to state-owned companies for state economic and development projects such as exporting, importing raw materials and machinery, and manufacturing equipment projects.

Industrial Trade Bank of Vietnam (Incombank)

Incombank was also established in November 1990 and focuses on domestic banking activities, such as issuing short-term credit, mainly to state-owned companies. In addition to these major state banks there are over 90 other commercial banks, joint stock banks, foreign banks, and other private banks.

Stock market

The Securities Trading Centre (STC) officially opened its doors in Ho Chi Minh City on July 21, 2000. Preparations for the first stock market date back to the early 1990s. More than 400 Vietnamese state-owned enterprises and joint stock companies have equity, with roughly 50 of them meeting the basic criteria to list on the exchange. As of 2000, four companies had listed on the STC:
• Refrigeration Electrical Engineering Corporation
• Cable and Telecommunications Materials Company
• Foreign Forwarding and Warehousing Company
• Hai Phong Paper Joint-Stock Company
The STC is open on Monday, Wednesday, and Friday from 08:00 to 11:00.
The Ministry of Finance plans to issue government bonds on the bourse with the first batch valued at US$21.4 million. The ministry is discussing with the State Securities Commission, the supervisor and regulator of Vietnam’s stock market, a plan to auction government bonds. This activity could become normal practice for mobilizing capital. As of 2000, there were six securities companies licensed to provide brokerage services:
• Saigon Securities Company
• First Securities Company
• Bao Viet Securities Company
• Asia Commercial Bank Securities
• Thang Long Securities Company
• Bank for Investment and Development of Vietnam Securities
United Kingdom-based investment fund Dragon Capital was the first foreign entity given permission to trade in securities on Vietnam 's stock market, after receiving a code from the Hong Kong and Shanghai Banking Corporation (HSBC), the only foreign-invested institution licensed to provide a stock custody service in Vietnam.
Foreign investors can purchase no more than 20 percent of the shares in any one company's shares or investment certificates listed by an investment fund.
The sale of shares issued by state-owned enterprises and joint stock companies to foreigners cannot exceed 30 percent of the company's total registered capital. Where the number of shares wanted by foreigners exceeds 30 per cent, a share auction must be opened. Foreign investor shares can be converted or sold after one year. This is limited to three years if the foreign investor is a part of the issuing company’s management board. Decision No. 228/QDNH5 issued by the governor of the State Bank of Vietnam in December 1993 was the first regulation allowing foreigners to invest in the country in the form of stock purchases.
Under this decision, stocks owned by foreign shareholders were fixed at a maximum of 30 percent, while individual foreign shareholders could buy 10 percent of a company's total shares.
It also stipulated that foreign investor shares could only be sold on after five years.

Transportation

Vietnam’s transportation system consists of an estimated 105,000 kilometres of roads (including 47,000 kilometres of rural roads), 2,600 kilometres of railway, 11,000 kilometres of navigable inland waterways, eight national seaports, 20 provincial seaports, several inland river ports, three international airports, and an additional number of smaller domestic airports.

Airports

International airports: Noi Bai (Hanoi), Tan Son Nhat (Ho Chi Minh City), Danang (Danang city).
Domestic airports: Gia Lam (Hanoi), Cat Bi (Haiphong), Dien Bien (Lai Chau), Na San (Son La), Vinh (Nghe An), Phu Bai (Hue), Pleiku (Gia Lai), Phu Cat (Qui Nhon), Nha Trang (Khanh Hoa), Buon Ma Thuot (Darklak), Lien Khuong (Da Lat), Vung Tau (Ba Ria -Vung Tau), Phu Quoc, Rach Gia (Kien Giang).

Road network

There are a number of major highways and bridges linking Vietnam to its neighbouring countries. The main one is National Highway 18 and 18B, which extends 118 kilometres from an industrial complex at Cai Lan to the border between Vietnam and China. More links to Vietnam’s neighbouring countries are being planned or constructed, such as with the Lao People’s Democratic Republic. The road links with the Lao People's Democratic Republic will extend to Thailand and form the ADB's "East-West Corridor."

National highway routes are as follows:
National Highway No. 1: Hanoi - Bac Ninh - Lang Son; Hanoi - Nam Dinh - Ninh Binh - Thanh Hoa - Vinh - Ha Tinh - Song Hoi - Song Ha - Hue - Danang - Tam Ky - Quang Ngai - Qui Nhon -Tuy Hoa - Ninh Hoa -Nha Trang - Cam Ranh - Phan Rang - Phan Thiet - Bien Hoa - Ho Chi Minh - Tan An - My Tho - Sa Dec - Long Xuyen - Vinh Long - Can Tho - Soc Trang - Bac Lieu - Ca Mau National Highway No. 2: Hanoi - Viet Tri - Tuyen Quang - Ha Giang
National Highway No. 3: Hanoi - Thai Nguyen - Cao Bang
National Highway No. 5: Hanoi - Hai Duong - Hai Phong
National Highway No. 6: Hanoi - Ha Dong - Hoa Binh - Son La
National Highway No. 32: Hanoi - Son Tay
National Highway No. 18: Hai Phong - Quang Ninh
National Highway No. 9: Dong Ha - Lao Bao
National Highway No. 14: Danang - Kon Tum - Pleiku - Buon Ma Thuot - Song Be
National Highway No. 19: Qui Nhon - Pleiku
National Highway No. 26: Ninh Hoa - Buon Ma Thuot
National Highway No. 20: Phan Rang - Dalat - Bao Loc - Dong Nai
National Highway No. 13: Ho Chi Minh - Song Be
National Highway No. 22: Ho Chi Minh - Tay Ninh

Inland waterways

Transportation of freight and passengers by waterways has evolved over many centuries in nearly all the cities and provincial towns in Vietnam. With an estimated 39,000 kilometres of waterways, Vietnam’s river transportation accounts for about 36 percent of the total national freight volume. There are two major inland waterways: the first situated in the Red River area with five main ports and the other extending along the Mekong River.

Rail

There are approximately 2,600 kilometres of rail network covering over 260 stations, the most
important being the Hanoi-Ho Chi Minh City line, also known as the "Unification Express Route," which stretches over 1,730 kilometres and forms the key north-south rail axis.

Communications

Between 1991-1995, over US$1 billion was invested in upgrading Vietnam’s telecommunication systems. In 1998 there were approximately two telephones for every 100 people. The telecommunication network in Vietnam has eight earth satellite stations with direct communications channels to over 40 countries and indirect communications with nearly every country in the world.
Additional cable lines are being installed to link Vietnam to China, the Lao People’s Democratic Republic, Thailand, Malaysia, and Singapore. With future plans to install more networks, including all villages in rural and remote areas in the country, it is estimated that there will be six telephones for every 100 people by 2000.

Other Infrastructure

 

Energy and electricity

There has been a dramatic surge of demand for electricity over the past 15 years in both the industrial and household sectors in Vietnam. The completion of the Hoa Binh hydroelectric project in 1994 has helped to generate a total capacity of 4,400MW.
In 1997, electricity output increased to over 19,000 million kilowatts. Other sources of electricity are hydro stations (45 percent of the total), coal powered plants (16 percent) and natural gas (36 percent).
In 1995, the Vietnamese government embarked on a five-year plan to modernize existing power plants and construct new ones in the central and northern areas as part of a national effort to boost power generation to 30-33 billion kilowatts by 2000.
In 1998, Vietnam had a total electric generating capacity of 4.9 gigawatts (GW). For that same year, hydropower accounted for roughly 87 percent of electricity generation, while thermal power accounted for about 13 percent. The state power company, Electricity of Vietnam (EVN), is working on developing a national electricity network by 2020, including the construction of Vietnam 's first nuclear power plant by 2020.
Foreign companies are becoming involved in the growing Vietnamese power market. In July 1999, EVN and a consortium including Tokyo Electric (Japan), Lahmeyer International (Germany), and Pacific Power International (Australia) signed a contract to construct a 600- MW plant in the Mekong Delta. The plant will be oil-fired but could switch to natural gas. Electricite de France (EdF) is leading a consortium that aims to build a 700MW gas-fired plant to be part of the Phu My power complex.

Ports

Vietnam has eight national seaports, but Ho Chi Minh City and Haiphong handle the vast majority of traffic. The former serves most of the southern region, whilst the northern region is served by Haiphong. Another important port is Danang at the mouth of the Song Han River, which serves the central highlands and much of the transit traffic to and from the Lao People’s Democratic Republic. As the East-West Corridor develops, Danang will become an increasingly important transit point for goods originating from as far away as Myanmar.
Saigon Port in Ho Chi Minh City has the capacity to handle an estimated 4 million tons of cargo yearly and can handle 15,000 deadweight ton ships. Haiphong Port with 11 berths and a total length of 1,800 meters can handle about 4.5 million metric tons yearly.
© Copyright 2015 - 2017
Design and Development by Cyberia