BCC is one of forms of doing business in Vietnam.
A BCC is a cooperation agreement between foreign investors and at least one Vietnamese partner in order to carry out specific business activities. This form of investment does not constitute the creation of a new legal entity. The investors in a BCC generally share the revenues and/ or products arising from a BCC and have unlimited liability for the debts of the BCC.
Parties establish a steering board to execute BBC. Functions, tasks, powers of the steering board shall be agreed by the parties.
VN Legal 