UUni: 27-04-2020: On recording the contributed capital with expenses paid by the foreign investors

Official letter no 1068-TTHT dated of April, 09 2020 on recording the contributed capital with expenses paid by the foreign investors as follows:

To establish the company in Vietnam by investing cash, the foreign investors must open an investment capital account at a commercial bank operating in Vietnam. Every transactions to invest the capital and other related transactions of the foreign investors must through this account. If the parent company pays for the Vietnam company some expenses before establishment as: “factory rent, enterprise establishment consultancy cost”, which amounts paid in Vietnam will not be recorded as the contributed capital of the parent company at foreign countries