Conditions for foreign investors to operate Homestay businesses in Vietnam
The provision of homestay services is no longer a new business sector. However, in order for foreign investors to conduct such business activities in Vietnam, they must satisfy all applicable conditions as prescribed by law. In this article, the author provides legal analysis and opinions based on the prevailing laws and regulations for reference purposes. Please note that this article does not constitute legally binding advice and should not be relied upon as a basis for obtaining approval from competent authorities. Accordingly, readers are advised to consult with the relevant authorities prior to implementing any project to ensure full compliance with applicable laws. I. CONTENTS UNDER VIETNAM’S WTO COMMITMENTS According to Vietnam’s WTO Schedule of Commitments, Vietnam has only committed to market access for foreign investors in the following sectors: 9. TOURISM AND TRAVEL RELATED SERVICES A. Hotel and restaurant including Lodging services (CPC 6411...