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Can you sit on a board there?
Pick a market. You get the residency test, the nationality test, the work-authorisation position, the appointment steps in order, and the frictions that actually delay appointments — each cited to the instrument that creates it.
Choose a market
No general nationality bar on board membership, but foreign-ownership limits and sectoral conditions bear on the company, and a resident role requires a work permit.
- Residency test
- No general residency requirement for a board member. The company's legal representative must have a residential address in Vietnam.
- Nationality test
- Sectoral foreign-ownership limits and conditional-market-access rules apply to defined activities. Establish the sector's position before assuming the general rule applies.
- Work authorisation
- A non-resident board member attending meetings does not require a work permit. Executive and resident roles require a work permit and temporary residence card.
- Board language
- Board documentation, resolutions and filings are in Vietnamese.
- Tenure limit once appointed
- Independent members are subject to term limits under the Enterprise Law; confirm the current position against the governing decree before relying on it.
- Time commitment
- Boards typically meet quarterly at minimum, with additional meetings around the annual general meeting cycle.
- What a seat pays
- Modest by regional standards, and highly variable — the board's total remuneration is approved by the general meeting and disclosed in the annual report.
- Tax on your fees
- Board remuneration is Vietnamese-source income with withholding for non-residents; treaty relief should be confirmed.
The appointment steps, in order
- 1Election by the general meeting of shareholders
- 2Amendment of the enterprise registration certificate and notification to the business registration authority
- 3Disclosure of the board change to the SSC and the exchange
- 4For a credit institution, State Bank of Vietnam approval before the appointment takes effect
What actually gets in the way
- Board documentation, resolutions and filings are in Vietnamese
- The governance regime is newer than any other on this Exchange and continues to be amended, so provisions should be confirmed against the current decree
- Foreign-ownership limits differ by sector and change, and they shape who controls the board
The instruments behind these answers
- Enterprise Law 2020 — Permits a joint-stock company to adopt either a structure with a board of directors and a supervisory board, or a structure with a board of directors including independent members and an audit committee. The choice determines which independence requirements apply. (Socialist Republic of Vietnam)
- Securities Law 2019 and Decree 155/2020 — Set corporate-governance requirements for public companies, including board size limits, a minimum proportion of non-executive members, and independent-member requirements for companies using the audit-committee model. (State Securities Commission)
- Corporate governance regulations for public companies — Prescribe board and committee composition, disclosure of related-party transactions, shareholder meeting procedure and the separation of the chair and chief executive roles. (Ministry of Finance / State Securities Commission)
Reviewed against primary sources in September 2026. This is governance decision-support, not legal or tax advice. Rules change and transitional provisions frequently apply — verify against the primary instrument before you rely on it.
Eligibility is only the first question
Being allowed to sit on a board there is not the same as being read for one.
The mobility index answers the second question: whether your record is legible to a board in that market, whether you hold what it is currently short of, and whether you can do the job in the language its board works in.