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Establish a cement business company in Vietnam

In the current period of industrialization and modernization, the construction industry is one of the leading industries and has made a significant contribution to the country’s development, attracting the attention of both domestic and foreign investors. foreign. Cement – an important, core construction material that creates houses and other construction projects. So what establishment procedures do you need to pay attention to in order to start a cement business? In the article below, Viet An Law provides clients an advice to establish a cement business company in Vietnam under current law.

Establish a cement business company in Vietnam

Legal basis

  • Law on Investment 2020;
  • Law on Enterprise 2020;

Conditions for cement business in Vietnam

To access the Vietnamese market in the field of cement business, according to Vietnam’s commitments in the WTO, investors need to pay attention to the following conditions:

Business lines Market access conditions
Distribution (wholesale, retail) of cement ·      Scope of business: cement products produced in Vietnam

·      The establishment of retail establishments (other than the first one) will be considered on the basis of an economic needs test (ENT).

Cement Production None restriction.

Based on the list of conditional business investment industries and trades specified in Appendix IV issued with the Investment Law 2020, it does not mention the construction materials business in general and cement business in particular. Therefore, the business and trade of cement is an unconditional business, so businesses and establishments selling cement or other products related to construction materials only need to ensure the following conditions when establishing according to each type.

Overview of procedures for establishing a cement trading company in Vietnam

Information Content
Implementing agencies Department of Planning and Investment where the enterprise is headquartered

Industrial Park Management Board in case the enterprise is headquartered in the Industrial Park.

Client dossier needs to be provided ·      Notarized copy of ID card/passport of legal representative;

·      Notarized copy of CCCD/passport of individual members/shareholders;

·      Certified copy of the Establishment Decision/Enterprise Registration Certificate of the member or capital contributor who is an organization;

·      Documents proving the financial capacity of the foreign investor (confirming the balance of the bank where the foreign investor has an account, loan contract, capital mobilization agreement…)

·      Explanation of technology used in investment projects for projects subject to appraisal and consultation on technology according to the provisions of law on technology transfer

·      Document appointing an authorized representative of the organization and a valid copy of the ID card/passport of the authorized representative;

Establishment procedures ·      Step 1: Apply for an Investment Registration Certificate (only applicable to businesses established with capital from foreign investors) or apply for investment policy approval for projects subject to approval under authority specified in Article 30-32 of the Investment Law 2020.

·      Step 2: Apply for a Enterprise Registration Certificate at the Business Registration Office – Department of Planning and Investment where the business is headquartered. Processing time: 03 working days from the date of receipt of valid documents.

·      Step 3: Perform post-establishment services: engrave the company seal, make a company sign, purchase digital signatures, open a bank account and notify the bank account number to the agency tax, submit initial tax declaration, notify electronic invoice issuance, hire accountant or accounting service.

Legal basis ·      Decree 01/2021/ND-CP regulating business registration.

·      Decree 31/2021/ND-CP guiding the Investment Law.

Conditions to establish a cement business company in Vietnam

Company headquarters address

According to the current regulations of the Enterprise Law 2020 and Housing Law 2023, the company’s headquarters must be a physical address determined by geographical boundaries and cannot be located in group homes or apartment buildings (locations that are not has a commercial business function). When registering a business, the enterprise must simultaneously prove the address of the headquarter rental with a lease contract, certificate of land use rights and assets attached to the land (factories, warehouses).

In case the cement store is also the head office address, the company should note:

  • Rent a spacious premises to have a spacious road surface, convenient for vehicles to enter and exit, transport and display space for goods;
  • The company’s cement storage area needs to be dry, avoid moisture, and ensure regulations on labor safety and fire and explosion prevention and control.

Charter capital of the company

Up to now, Vietnamese law does not stipulate a specific charter capital level when establishing a construction materials business company. However, investment capital reflects the actual capital flow that a business uses to establish a company. The cement business, especially in the manufacturing industry, requires equipment, supplies, and factories with quite large investment costs. Therefore, the investment capital and charter capital of the registered company must be large enough to justify to the licensing agency.

Cement business code applied in Vietnam

According to Decision 27/2018/QD-TTg on Vietnam’s economic industry system, the industries that businesses need to pay attention to when registering for cement business include:

Industry code Business lines
2592 Mechanical; Metal treatment and coating
0810 Exploitation of stone, sand, gravel and clay
0899 Other mining not yet classified

Details: Mining minerals to produce cement

4663 Wholesale of materials and other installation equipment in construction

Details: Trading in cement, clinker and other construction materials

4390 Other specialized construction activities
4690 Wholesale synthetic

Some cement trading companies in Vietnam

Currently, cement trading companies are concentrated largely in industrial parks in Vietnam. Such as Gian Khau Industrial Park (Ninh Binh). This is a multi-industry industrial park, focusing on the main industries: Mechanical engineering, cement, light industry, food, garment, and is also the headquarters address of Vissai Ninh Binh cement company. In addition, some prominent companies in the field of production and business in Vietnam include:

No Company name Contact Info
1 Vietnam Cement Company (Vicem) Address: 228 Le Duan, Dong Da, Hanoi

Hotline: (024) 38.512425

2 Vissai Ninh Binh Joint Stock Company Address: Lot C7, Gian Khau, Gia Vien, Ninh Binh.

Phone: (84) 02293650166

3 Vicem But Son Cement Joint Stock Company Address: Thanh Son Commune, Kim Bang District, Ha Nam Province

Hotline: 022 6385 1323

4 Hoang Thach Cement Joint Stock Company Address: Area 2 Bich Nhui, Minh Tan, Kinh Mon, Hai Duong

Phone: 02203 821092

5 Cam Pha Cement Joint Stock Company Address: Km6, National Highway 18A Cam Thach, Cam Pha City, Quang Ninh Province

Phone: 020 3372 1996

6 Thai Binh Cement Joint Stock Company Address: 1 Quach Dinh Bao, Tien Phong Ward, Thai Binh City, Thai Binh Province

Phone: 022 7364 7505

7 Bim Son Cement Joint Stock Company Address: Ba Dinh Ward, Bim Son Town, Thanh Hoa Province

Phone: 023 7382 4242

8 Chinfon Cement Company Address: No. 288, Bach Dang Street, Minh Duc Town, Thuy Nguyen District, Hai Phong City

Hotline: 0225-3875480

9 FiCO Tay Ninh Cement Joint Stock Company Address: 15th Floor, Sailing Tower, 111A Pasteur, Ben Nghe Ward, District 1, Ho Chi Minh City

Phone: 0946 811 331

Company establishment services of Viet An Law

  • Legal advice on procedures and conditions for establishing a company;
  • Drafting and preparing company establishment documents;
  • Representing clients to establish a company, apply for a business license and other post-establishment procedures;
  • Registering trademarks, industrial designs, and inventions;
  • Corporate tax accounting services;
  • Regular legal advice for businesses on business, trade, investment, and labor;
  • Representing clients to participate in resolving domestic and international commercial disputes.

To receive advice and support to establish a cement business company in Vietnam, please contact Viet An Law Firm for the best support.

Disclaimer: This article was last updated in May 2024. Laws may have changed since then. Please contact Viet An Law to confirm the information in this article is current and for any legal assistance.

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