New rules for operation of foreign trade promotion agencies

Thursday, 2018-03-08 18:13:43
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The Vietnamese Government has issued the Decree 28/2018/NĐ-CP, which stipulates principles for activities of foreign trade promotion agencies in Vietnam. (Illustrative photo)
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NDO – The Vietnamese Government has issued Decree 28/2018/NĐ-CP, which stipulates the principles for activities of foreign trade promotion agencies in Vietnam.

The decree states that agencies, including governmental and non-governmental organisations, associations and equivalents, need to set up a representative office in Vietnam in order to engage in trade promotion activities in the country. They are not allowed to establish more than one representative office in a province or centrally-run city.

These agencies do not include foreign entrepreneurs, non-governmental organisations, agencies for cooperation and research, cultural-educational institutes or other kinds of foreign organisations.

Representative offices of foreign trade promotion agencies are not permitted to carry out profit making activities directly in Vietnam. The head and personnel of those representative offices have to be registered with the authorised agencies.

The recruitment of foreigners working in such representative offices in Vietnam must be in line with Vietnam’s regulations as well as with the international treaties of which Vietnam is a member.

According to the decree, foreign trade promotion agencies have to bear responsibility for all the activities of their representative office in Vietnam.