Setting Up a Musical Instruments Business in Vietnam
The rising quality of life has fueled a significant surge in demand for musical instruments (pianos, guitars, violins, etc.) for both entertainment and educational purposes. Seizing this trend, many entrepreneurs are seeking legal solutions to enter the market. What are the specific requirements and dossiers for establishing a musical instrument trading company? To assist investors in navigating the regulatory landscape, Viet An Law provides a comprehensive and precise guide on setting up a musical instruments business in Vietnam in accordance with current regulations.
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Business lines for musical instrument businesses
No.
Business lines for musical instruments
Code
1.
Wholesale of other household goods not elsewhere classified
4649
2.
Retail sale of household electrical appliances, beds, wardrobes, tables, chairs and similar furniture, lamps and electric lighting fixtures, and other household goods not elsewhere classified
4759
3.
Musical instrument manufacture
This group includes:
String instrument manufacture;
Manufacture of stringed keyboard instruments, including automatic pianos;
Manufacture of keyboarded box instruments, including wind instruments and similar keyboarded instruments;
Manufacture of accordions and similar instruments, including mouthpieces;
Wind instrument manufacture;
Manufacture of percussion instruments, such as drums, xylophones, cumbals, castanets, maracas;
Manufacture of acoustic instruments whose sound is produced or must be amplified electrically, such as: digital pianos; synthesizers;
Box instrument manufacture;
Manufacture of musical instrument parts such as: metronome, tuning forks, tuning pegs, cards, records and reels for automatic mechanical instruments…
This group also includes: Manufacture of flutes, whistles and other wind instruments.
3220
4.
Repair and maintenance of other equipment
This group includes restoration of organs and similar musical instruments.
3319
5.
Repair and maintenance of bicycles, watches, and other personal and household goods not elsewhere classified
This group includes repair of musical instruments
9529
6.
Music recording and publishing activities
Production of original sound recordings (original audio);
Recording service activities, including: Production of pre-recorded radio programs (not live broadcasts), production of audio podcasts, recording for films, television programs, books, and other products;
Conversion of sound recordings to audio streaming formats;
Music publishing, including activities such as: Acquiring and registering copyrights for musical works; promoting, licensing, and using musical works in sound recordings, radio programs, television, films, live performances, print publications, and other media;
Coordinating the publication and distribution of sound recordings via streaming and downloads;
Organizations and individuals producing original sound recordings and publishing music are the copyright holders or managers of music copyrights on behalf of the copyright owners.
Organizations and individuals that release, promote, and distribute sound recordings to wholesale and retail businesses or directly to the public are those who produce the original sound recordings themselves or own the copyright to copy and distribute the original recordings.
– This group also includes: Activities related to publishing music books and musical scores.
5920
7.
Arts and culture education:
Teaching music, for example, piano and other musical subjects;
Teaching painting;
Teaching dance;
Teaching drama;
Teaching fine arts;
Teaching performing arts;
Teaching photography.
8552
Charter capital for musical instrument trading companies
Companies trading in musical instruments do not have capital requirements; the founder of a musical instrument trading company declares and is solely responsible for the company’s charter capital.
Note that capital is related to the company’s liability and future contract signing. For example, if a company declares capital of 1 billion VND but signs a contract for 2 billion VND, the partner will not sign the contract because they would be solely responsible for the contract amount exceeding the company’s 1 billion VND capital.
Based on the information provided by our valued clients, Viet An Law will advise on relevant legal issues and draft company formation dossiers, delivering them to our clients within one working day from the date of receiving all necessary client information.
Step 2: Submit the company registration dossiers and pay the enterprise information disclosure fee
After preparing all the necessary dossiers in step 1, Viet An Law proceeds to submit the application for an Enterprise Registration Certificate through the National Electronic Portal for Enterprise Registration.
Step 3: Receive the Enterprise Registration Certificate
After 3 working days, customers will receive their Enterprise Registration Certificate. However, since the certificate is sent by mail, customers may receive it a little later due to the delivery process.
Notes on taxes and invoices for retail businesses from July 1, 2025
From July 1, 2025, newly established enterprises in the retail, food and beverage, hotel, passenger transport, and entertainment sectors will be required to use electronic invoices generated from point-of-sale systems directly connected to the tax authorities (according to Decree 70/2025/ND-CP). This regulation applies to:
Enterprises with annual revenue of VND 1 billion or more, excluding the agriculture and fisheries sectors;
Enterprises that pay taxes using the declaration method, regardless of revenue.
The new electronic invoice must include the personal identification number of the legal representative instead of the tax identification number and ensure that it contains complete information about the goods, services, and the tax authority in charge.
Retail enterprises need to take note
Some new regulations on taxes and invoices effective from July 1, 2025
Register for tax and electronic invoices through the General Department of Taxation’s portal (https://hoadondientu.gdt.gov.vn) before commencing operations, including a business registration certificate, invoice registration form, and personal identification information.
Equip your enterprise with a management system connected to an automated point-of-sale system, internet access, and use an electronic identification account to conduct tax transactions, replacing the account on the National Public Service Portal.
Verify the business sector and projected revenue to determine mandatory requirements; if operating a multi-sector business, contact the local tax office for specific guidance.
Comply with the new VAT regulations:
Transactions of 5 million VND or more must have non-cash payment documents to be eligible for VAT deduction.
Some items are no longer exempt from VAT (such as fertilizers and agricultural machinery).
Enterprises are eligible for VAT refunds when the uncredited input tax is 300 million VND or more after 12 months.
Store electronic invoices and documents for a minimum of 10 years for verification and comparison purposes.
Updated CIT incentives under Decree 20/2026/ND-CP
The government has just issued Decree 20/2026/ND-CP detailing Resolution 198/2025/QH15 on special mechanisms for the development of the private economy. Below are some highlights regarding corporate income tax incentives that enterprises should note:
Policy: 100% exemption from CIT for 3 consecutive years.
Target group: Small and medium-sized enterprises (SMEs) registering for the first time.
Application period: Starting from the first year of issuance of the business registration certificate.
Note: This policy applies immediately from the 2025 tax year (as of Resolution 198).
This offer does NOT apply to the following cases:
Newly established enterprises resulting from mergers, consolidations, divisions, separations, or changes in type/ownership
New enterprises where the legal representative/major shareholder has previously been involved in managing another operating enterprise or one that has been dissolved within the last 12 months.
For clients needing assistance with company formation, business registration changes, corporate law consulting, investment law, etc., please contact Viet An Law for the best support!
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