Setting Up a Business in Go Vap, Ho Chi Minh City (HCMC)

Ready to turn the 2026 economic shift into your greatest competitive advantage? With Go Vap Ward’s strategic merger and unprecedented tax holidays, the real question isn’t if you should start your business here, but how fast you can secure your spot in HCMC’s newest commercial powerhouse. As HCMC’s leading economic hub, Go Vap Ward is now a premier destination for startups and enterprises. Driven by the July 1, 2025 administrative restructuring, high density, and modern infrastructure, the demand for setting up a business in Go Vap, Ho Chi Minh city (HCMC) is surging. Viet An Law provides this essential roadmap and legal updates to ensure your business launch in 2026 is seamless and efficient.

Information on Go Vap Ward following the 2025 administrative merger

Information on Go Vap Ward following the 2025 administrative merger

According to Resolution No. 1685/NQ-UBTVQH15, as of July 1, 2025, Go Vap District restructured its administrative units, reducing from 12 wards to 6. The new Go Vap Ward was established by merging the former Ward 10 and Ward 17:

• Natural Area: 2.81 km²
• Population: 110,850 people
• Headquarters: 332 Quang Trung Street, Ho Chi Minh City

Why is Go Vap Ward a “hotspot” for business formation today?

Strategic location and urban infrastructure

Go Vap Ward holds a significant logistical advantage, connecting directly to arterial routes such as Quang Trung, Phan Van Tri, and Nguyen Oanh, while remaining in close proximity to Tan Son Nhat International Airport. This is ideal for:

• Trade and service enterprises;
• Logistics and delivery services;
• Representative offices, tech startups, and e-commerce businesses.

High population density – A massive consumer market

With over 110,000 residents in an area of less than 3 km², Go Vap is an ideal location for retail, F&B, education, healthcare, personal services, and digital commerce.

Green urban trends and commercial services

Numerous projects for infrastructure renovation, canal treatment, and green space development are underway, improving the living environment and creating sustainable growth opportunities for businesses.

“Hot” incentives for new businesses in 2026

Under the latest regulations in Resolution 198/2025/QH15 and Decree 20/2026/NĐ-CP, new enterprises in Go Vap Ward may enjoy significant benefits:

• 3-year CIT Exemption for SMEs starting from the date of issuance of the Enterprise Registration Certificate (ERC);
• 2-year CIT Exemption and 50% reduction for the following 4 years for innovative startups;
• CIT Exemption on income from capital transfers into innovative startups;
• Abolishment of Licensing Fees (Business License Tax) from January 1, 2026;
• Human Resource Training Costs are fully deductible for CIT purposes.

Required dossier for setting up a business in Go Vap, Ho Chi Minh city (HCMC)

Required dossier for setting up a business in Go Vap, Ho Chi Minh City (HCMC)

Dossier composition

Depending on the entity type (Articles 19-22 of the Law on Enterprises 2020 and Article 24 of Decree 168/2025/ND-CP), the dossier primarily includes:

• Application for enterprise registration;
• Company Charter;
• List of founding shareholders/foreign investors (for Joint Stock Companies);
• List of members (for LLCs and Partnerships);
• Investment Registration Certificate (IRC) for foreign investors as per the Law on Investment.

Key Update: If a personal identification number (ID) has been declared, the business does not need to submit copies of ID cards/passports.

Forms and templates

Dossiers must be completed according to the templates provided in the Appendix issued with Circular 68/2025/TT-BTC.

Requirements for online submissions

Per Article 37 of Decree 168/2025/ND-CP, electronic dossiers must:

• Contain all required documents and accurately declared information as per the paper version;
• Match the data declared on the National Business Registration Portal;
• Include valid contact information (phone and email) of the applicant;
• Be signed via digital signature or authenticated by the authorized person.

Authority for setting up a business in Go Vap, Ho Chi Minh city (HCMC)

Previously, the Business Registration Office under the Department of Planning and Investment (DPI) held authority.. However, the DPI and the Department of Finance have now merged into the Ho Chi Minh City Department of Finance

Accordingly, the competent authority is the Business Registration Office – HCMC Department of Finance:

• Address: 90G Tran Quoc Toan Street, Xuan Hoa Ward, Ho Chi Minh City.
• Phone: 028.38.293.179

Registration procedures: 100% Online

Ho Chi Minh City now mandates online registration via the National Business Registration Portal: https://dangkykinhdoanh.gov.vn

Per Article 39 of Decree 168/2025/ND-CP, the workflow is as follows:

1. Login using an electronic identity account;
2. Declare information and upload electronic documents;
3. Digitally sign or authenticate the dossier;
4. Pay fees and charges online;
5. Receive results electronically through the system.

Note: Common reasons for dossier rejection include incorrect forms, mismatched business lines, or missing digital signatures.

Crucial considerations for new enterprises

Investment Registration Certificate (IRC)

• For foreign-invested enterprises (Article 37, Law on Investment 2020), an IRC must be obtained first.
• Dossiers are submitted to the provincial investment registration authority. The IRC is typically issued within 10 days of receiving a valid application.

Public announcement of registration

• Per Article 33 of the Law on Enterprises 2020, businesses must publicly announce their registration on the National Portal within 30 days of issuance and pay the prescribed fee.

Fees and charges

According to Circular 47/2019/TT-BTC:

• ERC Issuance Fee: 50,000 VND/time;
• Public Announcement Fee: 100,000 VND/time;
• Exemptions: Online registrations, SME conversions from household businesses, and changes due to administrative boundary restructuring (like Go Vap Ward) are generally exempt from these fees.

Post – establishment compliance

• Display the company sign at the headquarters;
• Open a corporate bank account and purchase a digital signature (USB Token);
• Fulfill tax declaration and payment obligations;
• Apply for “Sub-licenses” for conditional business lines (e.g., alcohol, gaming, e-commerce);
• Register for e-invoices initiated from cash registers if applicable under Decree 70/2025/ND-CP.

The above is our expert guidance on setting up a business in Go Vap, Ho Chi Minh City (HCMC). If you have any questions or require professional registration services, please contact Viet An Law for the most dedicated support!