Establishing a foreign invested company (FDI) in Hung Yen

Establishing a foreign invested company (FDI) in Hung Yen is the best choice of investors. In recent years, Hung Yen has risen to become one of the leading localities in the country in attracting foreign direct investment (FDI) with many large projects and has begun to shift towards prioritization of technology development and existing advantages of the province. In the article below, Viet An Law will present the legal content related to establishing a foreign invested company (FDI) in Hung Yen.

Information about foreign invested industrial zones in Hung Yen

Hung Yen is considered a key economic region in the North and the economic triangle of the Hanoi – Hai Phong – Quang Ninh region based on some of the following investment attraction characteristics:

• This is a rapidly and strongly developing industrial province of the Northern region and in recent years has become an attractive location for many investors both domestic and foreign, specifically: Japan, Korea, China, France, United States, Belarus…
• In Hung Yen province, there are 221 enterprises with foreign direct investment (FDI) registered to implement 280 investment projects with a total registered investment capital of 5,688 million USD. The total area of ​​leased land used by secondary FDI projects in industrial zones is 593 hectares.
• There are 21 countries and territories registered to implement investment projects in industrial zones in Hung Yen. Japan leads with 141 projects and a total registered investment capital of 3,534.7 million USD; Korea ranked second with 52 projects and a total registered investment capital of 635.03 million USD; Hong Kong ranked third with 22 projects and a total registered investment capital of 359.46 million USD; Next is China with 123 projects and a total registered investment capital of 327.97 million USD;…

Some industrial zones in Hung Yen can be mentioned as follows:

Some industries attract investment in industrial zones in Hung Yen province

• Producing and manufacturing of mechanics, cars, motorbikes, and agricultural machines; electrical, electronic, refrigeration, and information technology equipment; equipment for offices, and sports;
• Producing agricultural, food and using biotechnology;
• Producing and installing electronic equipment of telecommunications, household appliances, and refrigerations;
• Technology software;
• Producing of consumer goods
• Producing building materials;
• Producing paper, packaging, ceramics;
• Industrial synthesis.

Procedures for establishing a foreign invested company (FDI) in Hung Yen

Step 1: Application for the investment policy approval (if any)

Step 2: Application for the Investment Registration Certificate

Step 3: Application for the Enterprise Registration Certificate

Step 4: Post establishing an enterprise process

Note

• The Department of Planning and Investment of Hung Yen Province issues investment certificates for investment projects outside industrial zones, export-processing zones, high-tech zones, and economic zones. Address: No. 8 Chua Chuong, Hien Nam Ward, Hung Yen City, Hung Yen Province
• Hung Yen Industrial Zone Management Board issues investment certificates for investment projects in industrial zones, export-processing zones, high-tech zones, and economic zones. Address: Nguyen Van Linh Street, Ban Yen Nhan Ward, My Hao Town, Hung Yen Province.
• The Business Registration Office under the Department of Planning and Investment of Hung Yen Province is the agency that issues enterprise registration certificates.

Dossiers for establishing a foreign invested company (FDI) in Hung Yen

A dossier for granting an Investment Registration Certificate sent to the Department of Planning and Investment of Hung Yen Province or the Management Board of Industrial Zones in Hung Yen

• An application form for execution of the investment project according to the regulated form.
• A document about the investor’s legal status;
• Documents proving the financial capacity of the investor;
• Proposal for the investment project according to the regulated form;
• Other documents relating to the investment project, and requirements on the eligibility and capacity of the investor under regulations of law (if any);
• Power of Attorney for Viet An Law.

A dossier for granting an Enterprise Registration Certificate

• The enterprise registration application;
• The company’s charter;
• The list of members/ founding shareholders; the list of shareholders that are foreign investors;
• Copies of legal papers of members/ shareholders;
• An original of an Investment Registration Certificate;
• Power of Attorney for Viet An Law.

Some foreign-invested companies (FDI) in Hung Yen

Han Sung Haram Vina Co., Ltd (Tax code: 0900232941)

HAN SUNG HARAM VINA CO., LTD is a Korean yarn and textile manufacturing company. The company was established in 2008, with headquarters in Pho Noi Textile and Garment Industrial Park, Yen My District, Hung Yen Province.

HanSung Haram Vietnam specializes in producing all kinds of fibers and textile fabrics, including polyester fiber, acrylic fiber, denim fabric, cotton fabric,… The company’s products are exported to many markets around the world, including Korea, America, Japan, China,…

New Order Thread & Webbing Co., Ltd (Tax code: 0900997813)

NEW ORDER THREAD & WEBBING CO., LTD is a Chinese textile thread and webbing manufacturing company. The company was established in 2016, with headquarters at Pho Noi B Textile and Garment Industrial Zone, Di Su Ward, My Hao Town, Hung Yen Province.

New Order specializes in producing all kinds of threads and webbings, including sewing thread, knitting thread, embroidery thread, rubber bands, elastic bands,… The company’s products are exported to many markets around the world, including China, America, Japan, Korea,…

San Ma Ru Vina Co.,Ltd (Tax code: 0900872451)

SAN MA RU VINA CO.,LTD is a Korean elastic band manufacturing company. The company was established in 2010, headquartered in Pho Noi Textile and Garment Industrial Zone, Yen My District, Hung Yen Province.

San Ma Ru Vina specializes in manufacturing all kinds of elastic bands, including industrial elastic bands, clothing elastic bands, shoe elastic bands,… The company’s products are exported to many markets around the world, including Korea, America, Japan, China,…

Senko Distribution Service (Vietnam) Co.,Ltd (Tax code: 0901007949)

Senko Distribution Service Co., Ltd (Vietnam) is a Japanese logistics company. The company was established in 2014, headquartered in Pho Noi A Industrial Zone, Van Lam District, Hung Yen Province.

Senko Vietnam provides comprehensive logistics services, including transportation, warehousing, customs procedures, import and export,… The company’s services are provided to domestic and foreign customers, including:

• Manufacturing enterprises;
• Commercial enterprises;
• Service enterprises.

Services of establishing a foreign invested company (FDI) in Hung Yen of Viet An Law

• Consulting and drafting dossiers to establish FDI companies in Hung Yen;
• Adjusting investment registration certificates for enterprises;
• Changing the content of enterprise registration;
• Representing customers to carry out company establishment procedures at competent authorities;
• Sub-license application services related to the business lines of the enterprise;
• Consulting and drafting contracts for enterprises;
• Consulting to foreign investors on market access and legal profit transfer;
• Regularly consulting for enterprises during operations.

If you have questions or legal needs related to establishing a foreign invested company (FDI) in Hung Yen, please contact Viet An Law Firm for the best consultation!