Vietnam

Ease of Doing Business in

Vietnam

This page shows summary Doing Business 2012 data for Vietnam. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Lower middle income
Population 88,361,983
GNI Per Capita (US$) 1,100.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
98 90 down -8
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 103 100 up -3
Dealing with Construction Permits 67 70 up 3
Getting Electricity 135 135 No change
Registering Property 47 43 up -4
Getting Credit 24 21 up -3
Protecting Investors 166 172 up 6
Paying Taxes 151 129 up -22
Trading Across Borders 68 65 up -3
Enforcing Contracts 30 31 up 1
Resolving Insolvency 142 130 up -12

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 103 DB 2011 Rank 100 Change in Rank down-3
Indicator Vietnam East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
9 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
44 37 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
10.6 22.7 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
0.0 20.1 14.1
No. Procedure Time to Complete Associated Costs
1 Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment 14 days VND 200,000 (official fees) + VND 1,000,000 (business license tax)
2 Make a company seal 6 days VND 165,000 - VND 370,000 for bronze seal
3 Registration of the sea-sample at the Police Department 4 days VND 20,000
4 Open a bank account 1 day no charge
5 Publish announcement in a daily newspaper 5 days VND 700,000
6 Buy pre-printed VAT invoices from the Municipal Taxation Department or obtain and print self-printed VAT invoices 14 days If buying the pre-printed VAT Invoices: VND 20,000 per book (50 copies)
* 7 Register with the local labor office to declare use of labor (Municipal Department for Labor, Invalids and Social Affairs). 1 day (simultaneous with previous procedure) no charge
8 Register employees with the Social Insurance Fund for the payment of health insurance and social insurance. 1 day (simultaneous with previous procedure) no charge
* 9 Register for trade union with Vietnam General Confederation of Labour 7 days (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

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