Trade (Vietnamese enterprises are free to carry out trading activities in Vietnam and are permitted to directly export and import all goods, except for certain restricted goods where a special business license must be obtained from the relevant State authorities.)
Under Vietnamese law, the trading of goods by foreign invested enterprises covers the following areas:
-‘Right to import’ refers to the rights to import goods into Vietnam for sale to business entities that themselves have the right to distribute the goods in Vietnam.
-‘Right to export’ refers to the right to purchase goods in Vietnam for export. The export right does not include the right to organize a network of collecting and purchasing goods in Vietnam for export.
- ‘Distribution right’ means the right to directly undertake activities of distribution, consisting of:
(i) being an agent for the purchase and sale of goods;
(ii) wholesale distribution;
(iii) retail distribution; or
(iv) franchising.