Legal Framework for Franchising in Vietnam 2024

Understanding the legal framework for franchising in Vietnam is essential for both franchisors and franchisees. This guide covers the key regulations you need to know.

The Commercial Law Framework

Vietnam's franchise regulations are primarily governed by the Commercial Law 2005 and Decree 35/2006/ND-CP. All franchise agreements must be in writing and registered with authorities.

Disclosure Requirements

Franchisors must provide a disclosure document to prospective franchisees at least 15 days before signing. This document must include financial performance information and details about the franchise system.