Business costs: Which are the basic costs for new setting up? Are there any different of business costs among North, Central and South regions?
Updated: 21/11/2024 l 16:34
Starting a Business
|
No.
|
Procedure
|
Associated Costs
|
|
1
|
Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment |
$9.52
|
|
2
|
Make a company seal |
$7.85 - $17.61 for bronze seal
|
|
3
|
Registration of the seal-sample at the Police Department |
$2.38
|
|
4
|
Open a bank account |
No charge
|
|
5
|
Publish the registration contents on the National Business Registration Portal (NBRP) |
$33.33
|
|
6
|
Pay Business license tax |
$47.61
|
|
7
|
Buy pre-printed VAT invoices from the Municipal Taxation Department or obtain and print self-printed VAT invoices |
Approximately $9.52 per book
|
|
8
|
Register with the local labor office to declare the use of labor
(Municipal Department for Labor, Invalids and Social Affairs)
|
No charge
|
|
9
|
Register employees with the Social Insurance Fund for the payment of health insurance and social insurance |
No charge
|
|
10
|
Register for trade union with Vietnam General Confederation of Labor |
No charge
|
Office, Ready Built Factory and Land Rental
|
Average Leasing Price
|
Hanoi
|
Ho Chi Minh City
|
Da Nang
|
|
|
Office space
(per sqm / month)
|
Grade A |
$41
|
$32.5
|
$18
|
| Grade B |
$26
|
$18.5
|
$12
|
|
| Grade C |
$12
|
$12
|
$10
|
|
|
Ready Built Factory
(average per sqm / month)
|
$4.1
|
$3.1
|
$2.9
|
|
|
Land in Industrial Park/Industrial Cluster
(per sqm / 50 years)
|
$95.3
|
$120.2
|
$55.4 | |
Manpower
| Zone | Area I (Hanoi, HCM, Hai Phong,...) |
Area II |
Area III (Vinh Phuc, Phu Tho, Bac Giang,...) |
Area IV (Anywhere else) |
| Minimum Salary (Monthly) |
$171.60 | $151.31 | $132.45 | $118.69 |
| Average Salary | Industrial Workers | Industrial Engineers | Industrial Managers | Non-Industrial Workers | Non-Industrial Managers |
| Hanoi | $215 | $430 | $980 | $431 | $1,073 |
| Ho Chi Minh | $193 | $425 | $1,017 | $554 | $1,309 |
| Da Nang | $158 | $341 | $706 | $327 | $1,015 |
Electricity
| Use | Price (USD/kwh) |
| Manufacture | $0.07 - $0.12 |
| Service | $0.11 - $0.18 |
Water
| Use | Price (USD/m3) |
| Households | $0.26 - $0.68 |
| Administrative Office, Public Services | $0.43 |
| Manufacture | $0.50 |
| Service | $0.95 |
