Logistics Services  

Decree 140/2007/ND-CP dated 05/09/2007 providing detailed guidelines the Law on Commerce in respect of logistics services. The Decree provides that foreign investors are only allowed to provide loading and unloading services in Vietnam under a joint venture company with local enterprise, in which foreign stake must not exceed 50% of total Charter Capital. Foreign investor’s capital in joint ventures engaged in warehousing, storing and forwarding services shall not exceed 51% until 2014 where the limitation shall be abolished. Foreign stake in joint ventures engaged other supporting services are currently pegged at 49%. This ratio will be raised to 51% in 2010 and removed by 2014. For maritime transport services, foreign companies are permitted to set up joint ventures operating fleets from 2009 with capital holding up to 49%.  They can also set up joint ventures for international maritime transport services with a maximum of 51% stake. These restrictions are removed by 2012.Foreign stake of joint ventures in transport services by rail and road is capped at 49% with the limitation for the later to be expanded to 51% by 2010.