The cost of establishing an enterprise and the basic costs of operating an enterprise are always one of the top concerns when Foreign investors invest in Vietnam. With the advantage of being a low-cost country, Vietnam is becoming an attractive destination for Foreign investors in all fields. The information below will provide investors with an overview of the basic costs of establishing and operating an enterprise in Vietnam.
1. Cost of establishing an enterprise
|
No. |
Content |
Expense |
|
1. |
Carry out procedures for issuance of an Investment Registration Certificate at the Department of Planning and Investment |
$2,500 or more (Depends on the industry and field in which the investor intends to invest in Vietnam |
|
2. |
Carry out registration procedures for establishing foreign-invested enterprises at the Department of Planning and Investment. (After being granted an Investment Registration Certificate) |
$500 – $800 |
|
3. |
Engrave the legal person’s seal |
$10 |
|
4. |
Consular legalization of foreign documents |
$90 – $130/document |
|
5. |
Notarized translation of Foreign documents into Vietnamese |
$10/page |
|
6. |
Business license tax[1]
|
$86 – $130/year (Depends on the charter capital of the business) |
|
7. |
Open investment capital accounts of foreign investors/enterprises |
Free of charge |
|
8. |
Open an enterprise bank account |
Free of charge |
|
9. |
Notify Hanoi Department of Planning and Investment the bank account to Hanoi Department of Planning and Investment |
Free of charge |
|
10. |
Public digital signature ($/year) |
$60 – $70 |
|
11. |
Electronic bill[2]
|
$4.5 – $5 ($/ 100 electronic invoice numbers) |
|
12. |
Register to use electronic tax services at https://thuedientu.gdt.gov.vn/
|
Free of charge |
|
13. |
Buy electronic social insurance software |
$20 – $25/year |
2. Office, factory, and land rental costs
The cost of renting an office, factory, or land depends on the location, area, quality, etc. of the rented area. The data below are for reference only.
|
No. |
Type |
Hanoi |
Danang |
Ho Chi Minh City |
|
1. |
Virtual office |
$60 – $100 per month |
||
|
2. |
Office ($/m2/month) |
$12 – $41 |
$10 – $18 |
$12 – $35 |
|
3. |
Rent warehouse ($/m2/month) |
$4.5 – $5.1 |
$3.3 – $4.7 |
$3.2 – $4.8 |
|
4. |
Rent land in an industrial park ($/m2/50 years) |
$78.3 |
$33.4 |
$74.2 |
3. Minimum salary for workers[3]
The salary for employees depends on the position, title, professional level, and capacity of the employee and is agreed upon by the parties, but must not be lower than the regional minimum salary below:
|
Area |
Region I (Hanoi, Hai Phong, Ho Chi Minh City, Binh Duong) |
Region II (Hai Duong, Hung Yen, Bac Ninh, Quang Ninh,…) |
Region III (Thai Nguyen, Nam Dinh, Ha Nam,…) |
Region IV (Remaining areas) |
|
Monthly minimum salary |
$190 |
$168 |
$147 |
$131.6 |
4. Other costs
|
No. |
Content |
Expense |
|
1 |
Electricity price[4] |
|
|
|
Production electricity price ($/kWh) |
$0.04 – $0.13 |
|
|
Electricity price for business and services ($/kWh) |
$0.06 – $0.2 |
|
2 |
Clean water |
|
|
|
Clean water used for production purposes ($/m3) |
$0.52 – $0.57 |
|
|
Clean water used for business and service purposes ($/m3) |
$0.91 – 1.08 |
|
3 |
Internet ($/account/month) |
$9.37 – $37.5 |
[1] Under Decree No. 139/2016/ND-CP dated 04 October 2016 of the Government regulating license tax
[2] Under Decree 123/2020/ND-CP dated 19 October 2020 of the Government regulating invoices and documents, all enterprises are required to use electronic invoices from 01 November 2020.
[3] Under Decree 38/2022/ND-CP dated 12 June 2022 of the Government regulating the minimum salary for employees working under labor contracts.
Normally, in November every year, the Government will issue an Adjustment Decree for regional minimum salary for employees working under labor contracts for the following year.
[4] Under Decision 1062/QD-BCT dated 04 May 2023 of the Ministry of Industry and Trade regulating electricity selling prices.
