Accordingly, New issue: 3,000,000 (three million) VND/license (Point a, Clause 1, Article 4 of Circular 143/2016/TT-BTC) The license for establishment of a representative office or a license for the establishment of a branch of a foreign trader is valid for 5 years; but must not exceed the remaining term of the foreign trader's business registration certificate or paper of equivalent value, in case such paper has provisions on the time limit.