Business Guides & Insights

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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The Vietnamese health product market is highly impacted by Foreign brands due to the limited availability and diversity of locally produced items. The healthcare industry in Vietnam started to flourish in the 1990s, primarily by importing goods from the United States, China, South Korea, and Belgium. The sector has seen notable yearly growth due to…

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The imposition of nationwide lockdowns and social distancing regulations due to the COVID-19 outbreak expedited a notable transition towards online shopping. It drove Vietnam’s e-commerce sector forward, and this trend also continued in 2021 & 2022 without showing any signs of slowing down.  With growing foreign investments, favorable regulatory conditions, and improved internet accessibility, the…

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Drawn by its rich cultural heritage, historical treasures, enchanting coastlines, and diverse landscapes, Vietnam’s tourism and hospitality industry has emerged as a lucrative opportunity for global investors. However, recent governmental restrictions, including border closures, have affected hotel owners in thriving tourist destinations like Nha Trang. Many hotels are now for sale at reduced prices due…

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Vietnam, listed as Southeast Asia’s sixth most significant market, boasts one of the world’s fastest-growing economies. Its strategic business location and skilled workforce make it an exciting place to start a business, especially in Vietnam’s retail market. Vietnam’s burgeoning economy, characterized by streamlined business operations, recorded a gross domestic product (GDP) growth rate of approximately…

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Vietnam’s luxury clothing industry has beckoned foreign investors with its dynamic fashion scene. Its consumer market is proliferating in Southeast Asia, with a 3.3% increase expected each year for the next five years. The country is expecting to reach 56 million middle-class individuals, establishing itself as a leading luxury fashion destination. Forecasts anticipate a substantial…

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Vietnam has emerged as a pivotal player in the renewable energy market, driven by ambitious goals for a vibrant economy and building a sustainable future. With burgeoning inhabitants approaching 100 million, the country seeks to diversify its energy mix, aiming for carbon neutrality by 2050. Foreign investment is playing a crucial role in accelerating the…

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The automobile industry in Vietnam is witnessing swift growth, with annual expansions reaching 20-30%, surpassing Ministry of Industry and Trade projections. This growth includes both foreign-owned vehicle imports and the emergence of a local car company gaining global recognition. Besides, the country has imported over 100,000 automobiles, primarily vehicles, within the first nine months of…

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Renowned for its textile craftsmanship, Vietnam’s strategic location, cost-effective labor, and tech-driven approach have made it a preferred hub for garment production. Vietnam clothing manufacturers have emerged as leaders in global garment exports, attracting notable fashion brands like H&M, The North Face, and ZARA. With over 6,000 clothing manufacturers and 2.4 million workers, Vietnam holds…

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Vietnam has emerged as the premier choice for electronics business globally in recent times.  For example, Xiaomi Corp announced the commencement of smartphone production in Vietnam. In 2023, the electronics industry has encountered various opportunities and challenges due to cutting-edge technologies such as artificial intelligence, quantum computing, and robotics. Vietnam embraces the 4.0 revolution but…

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