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VIETNAM: Two-Day Business Registration Turnaround Guaranteed in Ho Chi Minh City

Registration of any new business in Ho Chi Minh City (HCMC) will now take just two days. Any application that does not receive a response within this two-day timeframe will be considered as approved automatically. This will oblige the relevant district administration or the Department of Planning and Investment to issue the requested business licence.[1] 

Under the initiative, business registration applications submitted to district administrations or to the Department of Planning and Investment in HCMC have to be forwarded within one day to the relevant department. In turn, these departments have to approve or reject the application within two working days. Failure to do so will trigger the automatic award of the required permit.

[1]  Vietnam General Department of Taxation official website

Content provided by Picture: HKTDC Research
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