Case 1: Foreign-funded security company
Company background:An international security company plans to set up a subsidiary in Vietnam to provide high-end security services.
Key step:
- Work with local legal counsel to determine specific licensing requirements;
- Prepare a detailed business plan that highlights technological advantages and contribution to local employment;
- Establish contact with the Vietnamese public security department to understand the specific requirements;
- Apply for Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC);
- Submit an application for a security services license, including a detailed personnel training plan and equipment inventory;
- Pass a background check and security assessment;
Factor of success:
- Joint ventures with local partners to meet foreign shareholding restrictions;
- Commitment to use advanced technology and train local staff;
- Emphasize the company’s international experience and standard operating procedures;
Case 2: Dangerous goods transportation company
Company background:A local logistics company expanded its business and applied for a license to transport dangerous goods.
Key step:
- Upgrade the fleet to ensure compliance with hazardous materials transportation standards;
- Develop detailed safety management systems and emergency response plans;
- Provide professional training to employees and obtain relevant certificates;
- Apply for a dangerous goods transportation permit;
- Pass on-site inspection and assessment by the transportation department;
Factor of success:
- Invest in transport equipment that meets international standards;
- Establish a comprehensive safety management system;
- Maintain good communication with relevant regulatory authorities;
Case 3: Private Medical Clinic
Company background:A group of doctors plans to open a specialist clinic.
Key step:
- Prepare detailed clinic design and equipment list;
- Hire medical staff with appropriate qualifications;
- Establish strict medical quality control and patient safety procedures;
- Apply for a medical institution practice license;
- Pass an on-site inspection by the health department;
Factor of success:
- Complete quality management system and patient service process;
- Facilities and equipment that meet or exceed industry standards;
- The high qualifications and rich experience of medical staff;
