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Comprehensive Guide for Setting Up a Branch Office in Vietnam
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…
China +1 Strategy in Vietnam: An Overview for Chinese Investors
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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Starting a Limited Liability Company (LLC) in Vietnam: The Last Guide You’ll Ever Need
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…
Your Simple Guide to Customs Procedures for Vietnam Import & Export
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…
Vietnam Import-Export Regulations: In-depth Guide and Updates
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…
Vietnam’s Investment in October 2023: Financial Hub with Logistics Growth Wave
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,…
Vietnam’s Industrial Zones: A Key Player in Global Manufacturing
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….
The Definitive Guide to Vietnam’s 17 Active Free Trade Agreements – FTAs
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…
A Look into Business Opportunities in E-commerce Logistics in Vietnam
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…
Top 10 Challenges of Doing Business in Vietnam: Notes and Advice for Foreign Investors
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…
Key Points of Vietnam’s Investment Law for Foreign Investors
Vietnam investment law has been multiplying in the past few years. Thanks to its fast and efficient response to the coronavirus pandemic, Vietnam has a speedy economic recovery compared to other countries in Asia. Data from GSO indicated that in the first 6 months of 2023, the gross domestic product (GDP) experienced a growth rate…
