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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.

Approval or registration requiredVN

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

  1. 1Election by the general meeting of shareholders
  2. 2Amendment of the enterprise registration certificate and notification to the business registration authority
  3. 3Disclosure of the board change to the SSC and the exchange
  4. 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.