How much does it cost to open a cafe in Vietnam?

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

  1. Choose a Restaurant Concept and Brand. …
  2. Form Your Menu Items. …
  3. Obtain Funding. …
  4. Choose a Location and Lease a Commercial Space. …
  5. Permits and Licenses. …
  6. Source Equipment and Food Suppliers. …
  7. Design a Restaurant Layout. …
  8. 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
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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. #1 Foreign ownership regulations in Vietnam. …
  2. #2 Minimum capital requirement. …
  3. #3 Registered address. …
  4. #4 Resident director. …
  5. #1 Investment registration certificate. …
  6. #2 Business registration certificate. …
  7. #3 Tax registration and payment of the business license tax.
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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.
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