How to open representative office in Vietnam?
Setting up a representative or branch office in Vietnam
- Application form;
- A legalized copy of the Certificate of Incorporation and any amendments of the parent company;
- A certified and legalized copy of the Memorandum and Articles of Association of the parent company (if any);
What is the difference between a rep office and a branch?
In most countries, a representative office cannot handle transactions or contractual matters. A branch office, on the other hand, is a direct extension of the parent company and can engage in core activities like sales and contracts. … Critically, however, it is not a separate legal entity from the parent company.
Did the UN get involved in the Vietnam War?
First U.S. combat troops arrive in Vietnam. It should be noted that the UN Security Council has been minimally involved concerning the Vietnam War. The UN does however not support U.S. involvement in the conflict.
What is a representative office of a bank?
A representative office is an office established by a company or a legal entity to conduct marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted.
Which branch works like an agent of head office?
|Basis for Comparison||Branch||Subsidiary|
|Reports to||Head office||Holding company|
|Business||Branch conducts same business as parent organization.||Subsidiary may or may not conduct same business as parent organization.|
|Separate legal standing||No||Yes|
|Accounts maintenance||Either separately or jointly||Separately|
Can a representative office have employees?
Representative Office employment – Hiring foreigners
A Rep Office can hire up to 4 foreign employees including the Chief Representative. … Also, every Rep Office must appoint one foreign Chief Representative (CR). The CR, however, is not required to reside in China and can be an employee of the overseas company.
What is the purpose of representative office?
A representative office can be registered for representative purposes: to look for clients, partners, present goods or services, perform other activities on behalf of the foreign merchant; however, the conclusion of contracts, purchase of goods and services will be done with the foreign company.
Is Vietnam still communist?
Vietnam is a socialist republic with a one-party system led by the Communist Party. The CPV espouses Marxism–Leninism and Hồ Chí Minh Thought, the ideologies of the late Hồ Chí Minh. The two ideologies serve as guidance for the activities of the party and state.
Why did the US get involved in Vietnam?
China had become communist in 1949 and communists were in control of North Vietnam. The USA was afraid that communism would spread to South Vietnam and then the rest of Asia. It decided to send money, supplies and military advisers to help the South Vietnamese Government.
Who started the Vietnam War?
1. U.S. involvement in Vietnam began with Eisenhower. In the late 1950s, during the Eisenhower administration, Vietnam had split into North Vietnam, which was communist, and South Vietnam. Cold War anxieties dictated that if the North Vietnamese communists prevailed, the rest of Southeast Asia would fall like dominoes.