Business Guides & Insights

Foreign individuals and entities are flocking to Vietnam’s economic free zones in recent years, looking to form their manufacturing companies and enjoy the tax benefits for the distribution and export of their products. There are significant industrial zones in Vietnam, and they have emerged as important hubs for different industries, ranging from light to heavy….

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According to the latest World Bank predictions, Vietnam’s economy is on track to reach new economic milestones within Southeast Asia by 2036. Vietnam’s GDP growth is estimated to increase by 5.5% in 2022, up from 2.6% in 2016. As the COVID-19 pandemic is being contained effectively domestically and abroad, the forecast predicts that Vietnam’s services sector…

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When it comes to company registration in Vietnam, a representative office can be a viable option for foreign companies looking to establish their business presence. This office offers an affordable solution, particularly for newcomers who aim to familiarize themselves with the Vietnamese market. It is typically a preliminary step taken by foreign companies before fully…

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A Joint-Stock Company (JSC) in Vietnam is one of the two commonly chosen business entities founded by foreign direct investors with more than three shareholders. It offers a higher level of flexibility for medium and large-sized companies with multiple shareholders, allowing for profit-generating activities, listing on the stock exchange, and more. A JSC Vietnam is…

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If you intend to launch a 100% foreign-owned business in a vibrant, rapidly growing economy such as Vietnam, you should explore the option of establishing a Branch Office. Since the 1990s, foreign entrepreneurs have been increasingly drawn to Vietnam for investment. The country’s rising purchasing power and the willingness of Vietnamese consumers to spend on…

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In recent decades, China has been considered the manufacturing hub of the world, attracting countless businesses seeking cost-effective production and access to a vast consumer market. China accounted for a significant portion of global manufacturing output, producing around 28.7% of the world’s total manufacturing value-added in 2019. The China +1 strategy boosts manufacturing resilience and efficiency by…

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The expanding wealth, rising middle-income group, larger young population, increased mobility, urbanization, and changing consumer attitudes are all indicators of Vietnam’s dynamic business climate. The modern business environment is preferred by entrepreneurs to open up new business possibilities and breakthroughs. Choosing to establish a limited liability company (LLC) in Vietnam is a significant and profitable decision, regardless…

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Regarding port infrastructure quality and clearance procedures, Vietnam is ranked 80th out of 139 nations by the World Economic Forum. Due to the economic liberalization, more foreign investors have opened offices in Vietnam to conduct import and export business. Vietnam is also anticipated to be among the top 10 emerging markets for logistics globally. The…

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Since the economic reforms in the 1990s Vietnam has taken massive steps to open up many opportunities in terms of international trade, import-export activities, and investment. Over the years, the country has also become of member of the ASEAN Free Trade Area and WTO.  In fact, in 2020 Vietnam’s exports rose by 7% to US$282.66…

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In October 2023, Vietnam’s economy experienced a positive transformation, especially in major financial investment hubs like Ho Chi Minh City. The expectations for progress in foreign direct investment (FDI) inflow were somewhat met. Simultaneously, with the potential and a concerted effort to strengthen transportation, warehouses, ports, and the logistics growth wave, new heights were achieved,…

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For global manufacturing firms looking for diversity and to strengthen the resilience of their supply chains, Vietnam has emerged as a prominent target. Vietnam presents an exceptional opportunity for foreign investors due to its stable political system, dedication to sustainable growth, low inflation, high FDI inflows, young and technologically advanced population, and dynamic industrial zones….

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Vietnam has embraced economic liberalization with great enthusiasm and invested in human and physical capital, both through public investments as well as opening up the economy to foreign investments. Moreover, the country effectively complemented global liberalization with domestic reforms through ease of doing business and deregulation.  Vietnam has signed significant free trade agreements in the…

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Vietnam’s e-commerce landscape is witnessing remarkable growth. According to Google, it’s the second-fastest-growing e-commerce market in the world, trailing only behind Indonesia. The country’s e-commerce market is poised to reach a substantial US$15 billion by 2025, driven by increasing internet penetration, digital adoption, and changing consumer behavior. This surge in demand has led to a phenomenal 42% annual growth…

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Vietnam, an Asian high-growth market, offers promising business opportunities as well as challenges for Chinese businesses, as compared to China itself. Emerging as a highly attractive investment destination, it continues to capture the attention of companies seeking international expansion. Stability in the country’s politics, favorable economic policies, and supportive administrative interventions contribute to its allure for…

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