Function of a branch or subsidiary in Vietnam

What is the function of a branch or subsidiary in Vietnam?

The branch or subsidiary is an extension or branch to its parent company.

The branch or subsidiary allows :

• to buy commercial premises.
• to manufacture products.
• to import and / or export products.
• to buy and / or sell products and / or services.
• to sign professional contracts.
• to recover VAT.

The branch or subsidiary allows to undertake all the activities of the parent
company and can make profits without constituting a separate legal entity.

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