Business Guides & Insights

Multicultural business relationships while doing business abroad are one of the biggest challenges encountered by foreigners. Before entering the business culture in Vietnam, foreign investors should have an idea of general customs and traditions to facilitate and foster business relationships. The world of Vietnam’s business culture is far more appealing than anyone would imagine. To…

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With the expansion of businesses in Vietnam, there is a growing demand for large warehouses, particularly within the logistics sector. These warehouses provide the necessary space for businesses to function and expand efficiently.  Warehouse operations are central to a company’s success, and warehouse professionals must possess the skills and knowledge to ensure that business operations…

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Vietnam offers an enticing market for foreign businesses, with a population exceeding 99.2 million. Projections indicate that this country will substantially increase an additional 36 million middle-class citizens by 2030. So, it is crucial to understand the emerging trends, particularly the rapid expansion of the middle class, if you are considering importing goods into this…

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Vietnam is primed to unlock the immense potential of its logistics sector by prioritizing high-value service provision, integrated supply chains, and digital transformation. As evidenced by Deputy Prime Minister Le Minh Khai’s approval of Resolution No. 163/NQ-CP in 2023, the country was poised for a logistic revolution.  The rise in compensation levels, coupled with the…

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Vietnam boasts a rich coffee culture which is deeply rooted in its history. French colonists introduced this beverage in the 19th century. Over time, it has become an integral part of Vietnamese society, shaping daily routines and social interactions. From Saigon’s bustling streets to small towns’ quaint roads, coffee shops dot the landscape, offering spaces…

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In recent years, a growing trend among Overseas Vietnamese has been the desire to return to their homeland to live permanently. This shift has sparked significant interest in the procedures for securing permanent residence in Vietnam. Understanding the complex legal pathways and requirements is crucial for those looking to make this significant transition. This article…

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In today’s global business landscape, companies frequently encounter challenges when entering foreign markets. A major hurdle is importing goods into a market like Vietnam, where the conventional approach—establishing a company, securing import permissions, and registering products—can take anywhere from two to four months. As a result, the role of Importer of Record (IOR) in Vietnam…

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As Vietnamese consumer preferences evolve, there is a notable trend toward the adoption of Western culinary and beverage choices, with wine standing out prominently. The wine sector in Vietnam has experienced remarkable growth, presenting a varied array of offerings such as red, white, sparkling wines, and spirits. Nonetheless, the intricacies involved in importing wine into…

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Vietnam is increasingly recognized as a premier destination for both tourism and retirement, attracting attention for its cultural richness and ease of lifestyle. While retiring in Vietnam presents certain limitations for those wholly foreign to the country, the process is notably more straightforward for the Vietnamese diaspora, known as “Viet Kieu” or Overseas Vietnamese. For…

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Vietnam is solidifying its status as a dynamic hub for global business and investment. In the first quarter of 2024, the country’s startups, especially in the tech sector, displayed robust growth, an increase from the previous quarter. This surge positions Vietnam as a top destination for seed-stage funding in Southeast Asia. The expansion of initiatives…

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Despite challenges posed by the COVID-19 pandemic, Vietnam’s rapidly expanding middle-class community (the fastest-growing in Southeast Asia) is driving the demand for luxury consumer goods. In 2020, sales of these goods took a hit, but a robust recovery in 2022 signaled a resurgence in consumer confidence and spending. Sephora, known for its prestigious offerings in…

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In Vietnam, obtaining a police clearance certificate is significant, particularly for foreigners seeking employment, wishing to apply for a work permit, or engaging in various legal processes within the country. Issued by an authorized agency of the Justice Department or the National Center for Judicial Records, this official document identifies if an individual has any…

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During the COVID-19 pandemic, the digital landscape witnessed a significant transformation, giving rise to numerous online platforms across various industries. In Vietnam, this period marked a surge in growth for unicorn startups, particularly in the online gaming sector, which capitalized on the increased interest in digital entertainment. Market research from RedSeer indicates a notable uptick…

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According to JLL Vietnam, the facilities and environment for industrial development in Vietnam have shown that the market is maturing and ready to move up in the regional value chain. Download the full PDF version: Vietnam’s Industrial Market (H1 2023): Industrial Parks, Factories, Warehouses Check out InCorp Vietnam’s Incorporation Services in Vietnam’s Industrial Market