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Vietnam Pharmaceutical Companies: Best Way to Get into Sales and Industry Services
Vietnam’s pharmaceutical market continues to be a key contributor to its economic expansion, experiencing an average annual growth rate of 10% as of 2024. Increased demand for imported drugs has reshaped regulations on drug distribution and advertising, presenting lucrative opportunities for foreign investors. With a growing population and government efforts to modernize healthcare, Vietnam Pharmaceutical…
7 Surprising Benefits of Coworking Space in Ho Chi Minh City to Maximize Business Potential
The popularity of coworking spaces in Vietnam is rapidly increasing, offering numerous benefits, especially for foreign startups. These spaces provide a flexible and productive work environment compared to traditional offices, allowing businesses to grow while minimizing overhead costs. InCorp Vietnam’s coworking spaces in Ho Chi Minh City are designed to support this growing trend, catering…
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Restaurant Business in Vietnam: A Guide to Starting, Branding, and Successful Operation for Investors
Vietnam is the ideal destination to start a restaurant business, as the country has a rich culinary history coupled with easy access to labor. Recently, many restaurants in Vietnam have gained global recognition as they received international awards. The restaurant industry is benefiting from the influx of foreign chefs trained in unique food ideas, which…
Bac Ninh Province: Manufacturing Hub—Strategic Cooperation with Bac Ninh Industrial Park
When it comes to industrial parks in Vietnam, VSIP Bac Ninh Co. Ltd., located in the Northern Key Economic Zone (NKEZ), stands out. As the name suggests, it is part of the 800 square kilometers long Bac Ninh province. Despite being the smallest region in the country, industrial parks here have become an industrial hub,…
Right Business Partner in Vietnam: Collaboration and Partnership in Business—How to Deal with a Controlling Business Partner
With Vietnam registering a GDP growth rate of 6.93% in the second quarter of 2024 (up from 5.87% in the first quarter), it’s not too hard to envision the country as one of the fastest-growing economies in the world. A key aspect of this increased growth rate is how the manufacturing sector has developed over…
Overstaying Visa Vietnam: Details on Exit Visa, Vietnam Visa Overstay Charge, and Common Application Mistakes
Overstaying a visa in Vietnam can cause major complications for both travelers and entrepreneurs exploring the country’s business landscape. Vietnam’s immigration laws are strict, and overstaying any visa—whether tourist, business, or work-related—can lead to significant travel-related problems such as fines, deportation, and blacklisting. All Vietnam visas have a fixed validity, which varies by citizenship, but…
Franchise Vietnam for Investors: How to Start, Agreement Preparation, and the Anytime Fitness Franchise Journey
Franchising has long been a popular business model, and Vietnam’s fast-growing market presents significant opportunities for foreign brands through franchise Vietnam. Franchising allows international companies to expand and tap into the country’s favorable business climate. However, setting up a franchise in Vietnam requires strict adherence to government regulations. Foreign brands are increasingly drawn to Vietnam,…
Vietnam’s September 2024: Strategic Investments Fuel Economic and Trade Expansion
Vietnam’s economic expansion in September 2024 reflects robust growth, with foreign direct investment (FDI) reaching over US$20.5 billion in the first eight months, showing the country’s expanding appeal to global investors. Key sectors such as manufacturing, real estate, and semiconductors are experiencing significant investment expansion, driven by initiatives aimed at fostering innovation and expanding trade….
Flourishing Electric Vehicles (EVs) Market in Vietnam: Market Dynamics, Major Challenges, and Future Prospects
Electric vehicles in Vietnam are a key part of the country’s commitment to lower its carbon emissions by switching to low-carbon fuel options. Hence, it has built a robust EV ecosystem, which supports customers looking to adopt Vietnam electric cars. The electric vehicle market in Vietnam has been boosted by adequate infrastructure development and policy…
VAT Refund Vietnam for Foreigners: A Guide to How to Claim VAT and Tax Relief
VAT refunds in Vietnam are a key aspect of doing business in the country that foreign entrepreneurs must comply with. Although the standard VAT rate in Vietnam is 10%, it was reduced briefly in 2022 to recover from the COVID-19 pandemic hardship. The National Assembly approved a resolution on fiscal and monetary policies. The Vietnam…
Vietnam Tax Calculator and Corporate Tax Insights on Tax Codes in Vietnam for Individual Investors
As of July 2023, Vietnam witnessed an increased number of new businesses (13.7 thousand) registering in the country, taking the registered capital of doing business to nearly VND 127 trillion. This is a 2.4% rise in registered capital and a 4.3% rise in the number of businesses registered as compared to the same period in…
