Establish a Company in the New Bach Mai Ward, Hanoi, Vietnam

From July 1, 2025, the establishment of enterprises in the new Bach Mai Ward, Hanoi City, Vietnam, an administrative unit newly adjusted under the urban development planning of Hai Ba Trung District, will officially apply under the current legal regulations on business registration, with specific adjustments to suit the ward’s new boundary and management structure. This change not only opens convenient investment and startup opportunities for individuals and organizations who wish to do business in this area, but also requires correctly grasping the procedures, legal formalities, and related conditions to ensure the company formation process is legal, transparent, and effective. The following article by Viet An Law Firm provides the necessary information to establish a company in the new Bach Mai ward from July 1, 2025.

New Bach Mai ward after the merger in Hanoi City, Vietnam

Pursuant to Resolution No. 1286/NQ‑UBTVQH15, the entire natural area of 0.25km² and a population of 11,862 in Quynh Loi Ward are merged into Bach Mai Ward. After the merger, Bach Mai Ward has a natural area of 0.51km² and a population of 28,948. The new Bach Mai Ward borders Bach Khoa, Dong Tam, Minh Khai, Quynh Mai, Thanh Nhan and Truong Dinh Wards.

This administrative restructuring aims not only to streamline the government apparatus but also to facilitate investment, business operations, and administrative procedure reform locally. From July 1, 2025 onwards, organizations and individuals intending to establish a company in the New Bach Mai Ward should update the administrative boundaries and use the new ward information in all business registration records. At the same time, relevant ward-level authorities have been reorganized to receive and process business procedures under the new jurisdiction, contributing to uniformity, transparency, and convenience for investors.

Establish a company in the new Bach Mai ward from July 1, 2025

Prepare documents for company formation

A business intending to register newly or relocate its headquarters to an address in Bach Mai Ward after July 1, 2025, should prepare the following documents:

• Application for business registration (attached with Circular 68/2025/TT-BTC guiding business registration).
• Company charter.
• List of founding members/shareholders (if it is a limited liability company or joint stock company).
• Personal ID / legal representative documents (ID card/passport, etc.) (if any).
• List of beneficial owners (if any);
• Documents proving the right to use the location of the head office, with a copy.
• Power of attorney, if the submitter is not the legal representative.

Procedure for submission and processing

• Submit dossier online via the National Business Registration Portal.
• Processing time: within 3 working days from receipt of a valid dossier.
• State Fees: 100.000 VND/dossier.
• Result: The enterprise is granted a Enterprise Registration Certificate and may commence lawful business activities.

Notes for merged or relocated enterprises

• If a company is merging (i.e., merging the old company into the new boundary), it must complete the Merger Agreement, resolution/meeting minutes, and then carry out procedures to change registration details.
• Existing businesses in the former Quynh Loi Ward should carry out procedures to update their head office address and change registered contents to conform to the new Bach Mai Ward boundary immediately after January 1, 2025.

A common error is that enterprises still record the old ward name “Quynh Loi” in documents, leading to rejection of the dossier or failure to be granted a Enterprise Registration Certificate.

To avoid violation, the registered address must be clearly stated in the structure: [House number, Street name], Bach Mai Ward, Hai Ba Trung District, Hanoi City. Moreover, when submitting online via the National Business Registration Portal, the enterprise must choose the correct administrative boundary code for the New Bach Mai Ward, which has been updated in the system since 2025.

For enterprises already operating in the area of the former Quynh Loi Ward, they should proactively submit the dossier to change their head office address to update information in line with the new boundary, to avoid legal risks or administrative sanctions under the regulations. Properly stating the address and ward code not only ensures legality but also helps enterprises in tax declaration, invoice issuance, and other administrative transactions.

Potential business sectors in the New Bach Mai Ward

Potential business sectors in the New Bach Mai Ward, which has just undergone administrative reform and benefits from continuous investment flow in Hai Ba Trung District:

Real estate & lodging services

Bach Mai Ward lies in the heart of Hai Ba Trung – one of Hanoi’s “growth poles” – with a dynamic real estate market due to its strategic location and synchronized transport infrastructure.

Opportunities exist in developing mini-apartments, short-term homestays, coworking offices, and lodging for students and professionals.

Trade – Retail services

With a population nearing 29,000 after the merger, Bach Mai becomes a hot spot for consumer trade and services. Possible models include:

• Supermarkets, convenience store chains;
• Food streets, cafés, and entertainment services;
• Fashion, cosmetics, health services.

Education & skills training

Hai Ba Trung District is heavily investing in the education & health system, increasing the number of national standard schools from 167 to over 200.

In Bach Mai, there is an opportunity to open language centers, skills training, preschool education, exam preparation, and soft skills to meet the needs of the young urban population.

Cultural tourism & technology

Hai Ba Trung promotes historical‑cultural tourism and the digitalization of memorial sites.

Opportunities: experiential tours, electric bike rentals, craft workshops, and applications of AR/VR to present heritage sites.

Culinary & inner‑city tourism

Improved traffic and infrastructure, such as Thanh Nhan street, Ring Road I…, facilitate the food & beverage business.

Opportunities include modern cafés, fusion restaurants, fast food, and delivery services.

Establish a company in the New Bach Mai Ward by Viet An Law Firm.

Viet An Law Firm offers a comprehensive support package for company formation in the New Bach Mai Ward, Hai Ba Trung District, Hanoi, leveraging experience in operating under the new administrative boundary after Resolution 1286/NQ‑UBTVQH15.

Support scope includes:

• Advise the suitable business form (single / multiple-member LLC, joint stock company, partnership, etc.), considering capital, business sectors, and number of shareholders
• Draft the full and accurate legal dossier, including:
  • Application for business registration (Form II‑1);
  • Company charter;
  • List of members/shareholders;
  • Personal/representative documents;
  • List of beneficial owners;
  • Documents proving the right to use the address [House number, Street name], New Bach Mai Ward.
• Update the administrative boundary code of the New Bach Mai Ward when registering on the National Business Registration Portal; avoid selecting the former Quynh Loi Ward by mistake.
• Submit the dossier online or in person at the Business Registration Office of the Hanoi Department of Finance, with detailed step-by-step guidance.
• Support monitoring and returning results.
• Post‑incorporation advice: setting up accounting books, initial tax declaration, employment contracts… to help the enterprise operate smoothly from day one

The above content is the latest update by Viet An Law Firm on establishing a company in the New Bach Mai Ward from July 1, 2025. If you have related questions or need support, please contact Viet An Law Firm for the best assistance!