The capital in the food and beverage industry, like a restaurant, should be around USD 20,000. The location of the restaurant plays a huge role in the costs of this kind of business. You must consider the location rental fee for your restaurant.
How much does it cost to open a coffee shop in Vietnam?
Each takeaway coffee shop has an area of 4 – 40 square meters, and costs between VND65 million ($2,800) and VND175 million ($7,540) to set up, said Vo Thi Ha Giang, Director of Communications at Trung Nguyen Group.
How do I open a cafe in Vietnam?
HOW TO OPEN A RESTAURANT IN VIETNAM
- Choose a Restaurant Concept and Brand. …
- Form Your Menu Items. …
- Obtain Funding. …
- Choose a Location and Lease a Commercial Space. …
- Permits and Licenses. …
- Source Equipment and Food Suppliers. …
- Design a Restaurant Layout. …
- Hire the proper Staff: You and remain local Vietnamese staffs will be one team.
How much does it cost to set up a business in Vietnam?
Fees
| Different Vietnam entity types | Cost | Draft Invoice |
|---|---|---|
| Professional services LLC | US$20,740 | View invoice PDF |
| Trading and distribution LLC | US$25,740 | View invoice PDF |
| Manufacturing LLC | US$37,275 | View invoice PDF |
| Locally-owned LLC | US$13,860 | View invoice PDF |
Can a foreigner open a shop in Vietnam?
Foreigners are allowed to start a business in Vietnam, regardless of indirect or direct investments. … Direct foreign investment indicates a 100% foreign-owned company or a joint venture company in which the foreign investor and a Vietnamese partner work together.
Can a foreigner own a bar in Vietnam?
It means that since January 2015, there are no restrictions on foreigners setting up bars and restaurants in Vietnam. … As a first step, you will have to apply to the Vietnamese authorities for two essential documents: the Investment Registration Certificate, and the Enterprise Registration Certificate.
Can a foreigner open a restaurant in Vietnam?
Foreigners may own businesses in Vietnam. Some industries such as tourism, advertising, and entertainment require a local partner. But most businesses can be 100% foreign-owned.
Which business is good in Vietnam?
Textile and Garment
Garment and textile items production is one of the most lucrative businesses in Vietnam. Foreigners or investors are likely to make a profitable gain out of this sector because it is considered one of the active sector in its exported items.
Is Vietnam a good place to start a business?
Being one of the fastest-growing economies in the world, Vietnam becomes a strategic place for many foreign entrepreneurs to invest. Its relatively cheap but highly qualified population is not the only reason attracting businessmen from all over the world for starting a business in Vietnam.
How do I start a small business in Vietnam?
Requirements for setting up a company in Vietnam
- #1 Foreign ownership regulations in Vietnam. …
- #2 Minimum capital requirement. …
- #3 Registered address. …
- #4 Resident director. …
- #1 Investment registration certificate. …
- #2 Business registration certificate. …
- #3 Tax registration and payment of the business license tax.
What should I invest in Vietnam?
3. Top 5 industries investment opportunities that foreigners should consider
- 3.1. Construction and Building. One of the best investment industry in Vietnam for foreigners is Construction materials. …
- 3.2. Beauty and cosmetics. …
- 3.3. Agricultural. …
- 3.4. Real Estate. …
- 3.5. Car business.