Q: Can I register a wholly foreign-owned company in Vietnam?

A: Vietnam allows most industries to have 100% foreign ownership. For example, trade, IT, manufacturing, education and other industries.
 However, some industries such as telecommunications, advertising, video games, transportation and customs, entertainment, and tourism require a Vietnamese joint venture partner, and energy import/export trading companies such as coal/heavy oil/lubricant cannot be registered with foreign ownership. (PS: We do not provide services for Vietnamese shareholders and Vietnamese local companies)
 Vietnam’s foreign ownership regulations: In Vietnam, the World Trade Organization (WTO) agreements set the limits of foreign ownership allowed for different industries. If there is no WTO agreement or local law regulating the foreign ownership limit for the industry, Vietnam-level approval is required to establish the company.