Foreign investors are not required to register their senior staff (members of Members’ Council, Management Board, Board of Directors, Control Board, and chief accountant, etc.) but if they wish so, provincial-level Planning and Investment Services or Management Boards in localities where their enterprises (or projects) are headquartered will carry out this registration for the investors, according to a draft circular guiding investment activities in Vietnam.
Under the draft, a foreign investor that contributes capital to, or purchases shares of, a Vietnamese enterprise at a rate lower than 49% of the enterprise’s charter capital is only required to fill procedures for business registration adjustment only. If this rate is above 49%, foreign investors must meet the conditions specified in international commitments and
However, foreign investors may not contribute capital to, or buy shares of, a Vietnamese enterprise at a rate exceeding 49% of the enterprise’s charter capital if that enterprise deals in products banned under international commitments.-