Fancy that vase that you saw in Da Nang that has been around for about 200 years? Well, not unless you get a permit from the Ministry of Culture.
Of course that goes without saying for all businesses, but we’re not just talking about start-up capital here.
According to Vietnamese law, you will need at least US$30,000 in the bank before you can get a license to start your own business.
Contrary to popular belief, it’s actually technically illegal to work in Vietnam on a tourist visa.
You’ll need a full-fledged work permit if you’re a foreign employee, and the maximum validity of one is two years.
Now this will be a major issue for start-ups and online retailers who don’t need so much money to begin with, but that’s just the way it is here.