Question: I am a USA national interested in setting up a small trading company based in Vietnam. My plan is to import goods from China by road and sell to customers in Vietnam, Laos, Cambodia and Thailand.

The kinds of products that I am looking at can be categorized into the following:

Category A
* Industrial electric and electronic products, such as motors, sensors (import into Vietnam for re-export and also sales in Vietnam)
* Small industrial machines (export from Vietnam)

Category B
* Kitchenware (import into Vietnam for re-export)
* Textiles (export from Vietnam)

I would also like to investigate the possibility of exporting goods form Vietnam.

I would kindly like to know the following information:
* Is it possible for foreigners to set up a small company in Hanoi and have 100% ownership of the company?
* Would your company be able to assist in incorporating a small foreign owned company?
* If you can assist in setting up such a small company, what are your feed for incorporating?
* Do you provide tax services for companies?

Answer: As your request, we would like to advise as follows:

Category A
* Industrial electric and electronic products, such as motors, sensors (import into Vietnam for re-export and also sales in Vietnam)
You are allowed to import products from oversea for sales in Vietnam. However, you are not allowed to import products for re-export from Vietnam, except for the case that you import raw material and export finished products.
* Small industrial machines (export from Vietnam)

Category B
* Kitchenware (import into Vietnam for re-export)

Same to Category A: You are not allowed to import into Vietnam for re-export.
* Textiles (export from Vietnam)
Then, in light above, you can only (i) import and distribute industrial electric and electronic products in Vietnam; (ii) export small industrial machines and textiles from Vietnam.
Our service fee for setting up such foreign invested company shall be 6,000USD. Fees for obtaining visa/temporary resident permit shall be 550USD/01 person.
The above fee is exclusive of VAT (10%) and actual cost for translating your documents from English into Vietnamese (10USD/150 words).

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