Yen So Ward, Hanoi: Legal Guide for Company Establishment

Yen So Ward, one of the rapidly developing areas at the southern gateway of Hanoi, is increasingly attracting investors and enterprises seeking business opportunities. With a strategic geographical location, infrastructure that is nearing completion, and active business support policies from the local government, company establishment in Hanoi, specifically in the new Yen So Ward, is not only a logical step but also opens up significant sustainable development potential for individuals and organizations. The establishment of the new ward impacts not only the business registration process but also the legal address, registration dossier, and related procedures at the competent authorities. In the article below, Viet An Law will provide detailed information and key considerations for Yen So Ward, Hanoi: Legal Guide for Company Establishment following the merger.

The New Yen So Ward, Hanoi

• The new Yen So Ward was established on the basis of merging a large portion of the natural area and population scale of 5 communes and wards belonging to Hoang Mai District and Thanh Tri District, including: Thinh Liet Ward (Hoang Mai District), Hoang Liet Ward (Hoang Mai District), Yen So Ward (Hoang Mai District), Tran Phu Ward (Hoang Mai District), and Van Dien Town (Thanh Tri District).
• With a population scale of approximately 40,948 people and a natural area of 5.62 km², the new Yen So Ward is home to Yen So Park—the largest park in Hanoi—modern urban areas such as Gamuda Gardens, and serves as a key logistics hub.
• The ward is situated on vital traffic routes such as Tam Trinh, Nguyen Khoai, and especially Ring Road 3, playing the role of a transit point between the inner city and the suburban industrial and logistics zones.
• The address of the ward’s headquarters is: No. 8, Lane 6, Bui Huy Bich Street, Hanoi

Potential Business Sectors for Investors in the New Area

Following the merger, the new Yen So Ward is shifting strongly towards the sectors of trade, services, real estate, and logistics. Specifically:

• Real Estate Development: Acts as a key economic driver with the presence of many modern new urban areas such as Gamuda Gardens, Gelexia Riverside, and Yen Duyen Urban Area.
• Trade and Services: Developing rapidly in the area along Ring Road 3 and new urban zones with numerous commercial centers, supermarkets, and restaurants.
• Logistics and Light Industry: Possesses the strength to develop logistics, warehousing, and goods transit sectors due to the location near major traffic axes.

Furthermore, investors can also develop through cultural channels and traditional features, as this place possesses a wonderful combination of traditional village culture and modern urban life:

• Urban Green Space: Highlighted by Yen So Park located within the ward—one of the largest green parks in the Capital, likened to the “green lung” of the southern area. This is not only a landscape highlight but also an important ecological space contributing to improving the quality of life for residents and local workers.
• Rich Cultural Heritage: Evident as Yen So is a land with a long history featuring many historical relics and traditional worship structures, such as Yen So Pagoda, Yen So Communal House, So Thuong Communal House, Yen Duyen Communal House, and Long Quang Tu Pagoda. These structures not only hold spiritual value but are also vivid evidence of the depth of indigenous culture.
• Unique Traditional Festivals: Preserved and promoted by the local people through annual festivals such as the Yen Duyen village boat racing festival or the Second Full Moon Festival, which converge many folk games and traditional rituals, attracting a large number of residents and visitors.
• A Diverse and Modern Community: Characterizes Yen So Ward today as a convergence point between long-standing indigenous residents and a large number of new residents with high educational levels working in modern urban areas and neighboring industrial zones. This combination creates a dynamic, civilized community rich in development potential.
• Favorable Medical and Educational Infrastructure: Ensured as the Yen So Ward area is located near many major medical facilities such as the Post Hospital, the National Institute of Traditional Medicine, and is adjacent to prestigious universities and academies such as Thang Long University and the Military Science Academy. This is an important factor ensuring the quality of medical and educational services for residents and the local workforce.

Yen So Ward, Hanoi: Legal Guide for Company Establishment

Step 1: Preparation of the Dossier

Enterprises submitting dossiers for company establishment in Hanoi at the new Yen So Ward shall include:

• The Application for Enterprise Registration;
• The Company Charter;
• The List of members/List of founding shareholders;
• Valid certified copies of the personal identification papers of the company founders;
• Valid certified copies of the personal identification papers of the submitter (if the submitter is not the legal representative);
• The Power of Attorney from the company’s legal representative (if the submitter is not the legal representative);

Step 2: Submission of the Dossier

• After preparing the full dossier in Step 1, it is necessary to proceed with submitting the dossier for the issuance of the Enterprise Registration Certificate via the National Business Registration Portal.
• The competent authority for reception is the Department of Finance (formerly the Department of Planning and Investment).
• In case the dossier is invalid, a written response stating the reason is required. The processing time is 03 days from the date of receipt of a valid dossier.

Unlike before, the procedure for paying the fee for publishing enterprise registration information will be carried out in parallel with the procedure for submitting the company establishment dossier. Therefore, as soon as the company is granted the Enterprise Registration Certificate, the enterprise information is simultaneously published on the National Business Registration Portal.

Step 3: Proceed with Post-Establishment Procedures

• Carry out the engraving of the corporate round seal for the enterprise in accordance with current regulations.
• Hang the company signboard at the registered head office address to ensure legality when the competent authorities conduct inspections.
• Register to purchase a digital signature and perform electronic tax declaration through the Electronic Information Portal of the General Department of Taxation.
• Open an enterprise bank account and register that account with the tax authority to serve electronic tax payment.
• Proceed to purchase and register for the use of electronic invoices, including notifying the issuance of invoices with the tax authority.
• Select the accounting regime and set up the periodic tax declaration method (monthly, quarterly, or yearly) suitable for the scale and type of enterprise.
• For conditional business lines, the enterprise needs to apply for a License of eligibility for operations before officially commencing implementation.

Key Considerations when establishing a company in the New Yen So Ward

Update Administrative Address Accurately

• After the merger, the new administrative boundaries may change. It is advisable to look up standard information from the National Business Registration Portal, the Hanoi Public Service Portal, or contact Viet An Law to update the most accurate information.
• The use of incorrect administrative place names in the dossier may cause the enterprise’s dossier to be returned, causing delays or affecting subsequent legal procedures such as taxes, invoices, and insurance.

Leverage Support Opportunities from the Local Government

Some localities, after merging, often implement support policies for enterprises, such as:

• Shortening the time for resolving administrative procedures;
• Supporting the preparation of company establishment dossiers for new enterprises;
• Encouraging investment in priority sectors such as commerce, technology, and services.

Therefore, if you intend to open a company in the new Yen So Ward, do not hesitate to research investment support policies from the People’s Committee of Hoang Mai District or the Hanoi Enterprise Support Center.

Submit Dossiers via Online Method

According to regulations, enterprises can submit dossiers via three methods: direct submission, online submission, or via postal service. However, in the Hanoi area in general and Yen So Ward in particular, dossiers are only accepted online via the business registration portal.

The address of the National Business Registration Portal is: dangkykinhdoanh.gov.vn.

The above are the legal issues related to Yen So Ward, Hanoi: Legal Guide for Company Establishment. Clients please contact the legal consulting department of Viet An Law for detailed advice and the most effective support!