In the hotel service business sector (CPC Code 64110), the Vietnamese market has now been fully opened to foreign investors. The barriers under the WTO Schedule of Commitments (stipulating that, during the first 8 years after accession, such business must be associated with investment in the construction, upgrading, or renovation of hotels) have been completely removed. Currently, investors are entitled to hold ownership from 1% up to a maximum of 100% and may flexibly participate in the market through either direct or indirect investment.
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Key takeaways:
- Joint Venture Model with a Vietnamese Partner and Wholly Foreign-Owned Company Model
- Selection of Enterprise Type
- Assessment & Recommendation
- Further Discussion on Capital Contribution by Real Estate in the Joint Venture Model
