Business Guides & Insights

To do business in Vietnam, you should comply with some financial requirements including updated financial statements and audit reports. Although the regulatory environment in the country fosters ease of doing business and attracts global investors, it frequently changes. This makes it essential to have the financial statement of your company ready.  Financial statements are particularly…

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Vietnam’s economic landscape is experiencing significant growth and diversification in 2024, driven by robust foreign direct investment (FDI), strategic manufacturing advancements, and ambitious green energy projects. The first half of the year has seen substantial increases in FDI inflows and disbursements, with key sectors like processing, manufacturing, and real estate leading the charge. Provinces such…

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Similar to all other ASEAN countries trade and commerce is booming in Vietnam, making it a lucrative market for many foreign entrepreneurs. Despite the COVID-19 pandemic uncertainties, Vietnam’s economy had an estimated  6.5%  GDP growth last year. Although this is a significant decline from the 8% growth in 2022, it still shows optimism in the…

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In April 2024, Singapore and Vietnam celebrated 51 years of diplomatic relations, marking a strengthened partnership. With air travel taking just 1.5 hours and six new diplomatic agreements, foreign investors benefit from robust bilateral ties. Vietnam has become the preferred destination for Singaporean firms expanding overseas. Strong diplomatic ties, strategic location, burgeoning economy, and favorable…

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In the modern interconnected global economy, small and medium-sized enterprises (SMEs) are pivotal in driving economic growth and fostering innovation. Recognizing their significance within Singapore’s business landscape, the Market Readiness Assistance (MRA) grant has emerged as an invaluable resource for SMEs seeking international expansion. Initially, the grant offered financial support covering up to 70% of…

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Vietnam’s economic growth has surged in recent years, drawing the attention of foreign investors eager to establish a foothold in this dynamic Southeast Asian market. The allure of tapping into Vietnam’s expanding economy is compelling, offering exciting prospects for those looking to set up wholly-owned foreign companies. However, navigating the registration process can be intricate…

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In 2021, Vietnam’s cosmetic industry reached an impressive milestone, with an estimated value of US$2,011 million, reflecting significant growth. This expansion has been fueled by the country’s strategic initiatives to lower import taxes on cosmetics to between 0-5%, facilitated through various free trade agreements. The flourishing sector offers substantial opportunities for foreign investors, particularly in…

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In the dynamic legal landscape of Vietnam, legal services play a crucial role in the business environment, especially for startups and SMEs. The legal services market in Vietnam is projected to grow at a compound annual growth rate (CAGR) of 4.20% from 2024 to 2032, driven by the increasing need for regulatory compliance and risk…

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In Vietnam, partnership companies offer a unique business structure where members contribute capital and share joint, unlimited liability for the company’s obligations. This model is favored for its straightforward establishment and management processes, coupled with high asset liability which fosters trust with clients and partners. To support clients in navigating the registration process for establishing…

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In Vietnam, a health certificate is an official document issued by authorized and licensed medical facilities and hospitals. These certificates are primarily used when applying for a Work Permit and Temporary Residence Card (TRC) after entering the country. Undergoing a health check-up and obtaining this certificate not only provides a clear understanding of your health…

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A robust business partnership is further reinforced by a legal agreement that fosters security and trust. Without legal binding, business deals can pose significant risks that may impact the success and sustainability of the collaboration. One of the primary risks is the heightened likelihood of misunderstandings and disputes, as there is no documented agreement delineating…

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