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Vietnam’s March 2024 Investment Surge: FDI Growth with Major Projects
Vietnam strides into 2024 with remarkable economic growth and FDI allure, positioning itself as a beacon of progress in ASEAN and beyond. The nation has already attracted US$4.29 billion in FDI in the early months, a testament to its dynamic economic environment and strategic focus on high-tech and sustainable development. This robust growth highlights Vietnam’s…
Understanding Vietnam Social Insurance: Social, Health & Unemployment Insurance (SHUI) for Employees
Vietnam social insurance is becoming increasingly critical for business owners and employers to master as the economy continues to grow. This complexity is particularly evident in Vietnam’s employee insurance system, which includes various types of insurance collectively known as SHUI – Social, Health, and Unemployment Insurance. Understanding and effectively managing SHUI is essential for ensuring…
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Reduce Outsource Payroll Services Cost for Efficient Management in Vietnam
The intricacies of payroll in Vietnam are a recurring nightmare for many businesses, with numerous pitfalls where errors can readily occur, potentially subjecting your enterprise to severe legal consequences. The magnitude of potential mistakes amplifies with the scale of your company and the diverse locations it operates in, underscoring the critical need for meticulous payroll…
Expert Consulting Tax Services in Vietnam: Third-Party Audit & Advisory Solutions
In the dynamic landscape of the current market economy, the demand for Tax Consulting services extends beyond FDI companies to encompass a growing number of limited liability companies, joint-stock companies, and businesses. Given that taxes constitute a significant portion of an enterprise’s total costs, senior managers are increasingly turning to Tax Consulting services to navigate…
InCorp Vietnam Appoints Phoebe Mai, CPA as Accounting Services Manager
In the dynamic world of finance and accounting in Vietnam, InCorp Vietnam proudly introduces Phoebe Mai, CPA, as the new Accounting Services Manager. With over 16 years of rich experience spanning various industries, Phoebe brings a wealth of knowledge and a proven track record of excellence to our team. Her distinguished career, marked by leadership…
Corporate Liquidation Procedures in Vietnam: Guide for Dissolution of Limited Liability Company (LLC)
Embarking on the journey of establishing a business in Vietnam is a thrilling prospect for entrepreneurs. However, the reality is that the road to success is fraught with challenges, and statistically, a significant number of startups globally face the harsh truth of failure. According to industry data, approximately 90% of startups do not survive the…
Top 8 Market Research Companies to Conduct in Vietnam – 2024 Update
Among the essential steps to ensure success in a foreign venture is acquiring a deep understanding of the local market. For businesses eyeing Vietnam as their next strategic destination, comprehensive market research is a crucial factor that cannot be overlooked. This is where the expertise of market research companies in Vietnam comes into play, offering…
In-Depth Market Research Strategies for Enhanced Business Growth in 2024
Vietnam is experiencing a remarkable economic surge driven by a flourishing manufacturing sector, robust exports, and an increasingly prosperous middle class. Recognized by the World Bank as a “development success story,” the country is witnessing significant advancements in living standards and infrastructure. This article will delve into the dynamic F&B sector, the burgeoning E-commerce landscape,…
How an Employer of Record in Vietnam Can Simplify Foreign Employment Needs
For foreign companies venturing into the Vietnamese market, understanding the complexities of local employment laws can be daunting. Employing an Employer of Record (EOR) offers a strategic pathway to navigate these challenges effectively. An EOR simplifies the employment process by managing legal and HR responsibilities, enabling businesses to focus on their core operations without establishing…
The Critical Role of a Chief Accountant in Vietnam: Ensuring Financial Integrity and Compliance
The role of a Chief Accountant, in Vietnam, is pivotal and distinct within the organizational framework. While the fundamentals of this position echo its global counterparts, the Vietnamese business environment imbues it with unique characteristics. Beyond the mere oversight of financial records, a Chief Accountant serves as an indispensable component of a company’s core operations,…
Vietnam’s February 2024 Economic Surge: Landscape Paves the Way for Accelerated Growth
As Vietnam strides into 2024, the nation stands on the cusp of significant economic expansion, targeting a growth rate between 6-6.5% despite facing both global and domestic headwinds. February marks a pivotal moment in this journey, reflecting a vibrant economic revival from the sluggish pace of early 2023 to a robust recovery by year-end. With…
Vietnam Trademark Registration: Why is it important to Foreign Investors?
In navigating the complex terrain of conducting business in a foreign landscape such as Vietnam, one pivotal question demands attention: “Is my company adequately protected?” Amidst the myriad considerations that foreign entrepreneurs encounter, certain vital aspects are often overlooked, potentially exerting a profound impact on their business ventures. In this context, we emphasize the absolute…
Product Registration in Vietnam: Regulations on Application Process for Investors
Product registration is a crucial step for businesses looking to introduce their goods to this vibrant market. Our comprehensive article offers a deep dive into the essentials of product registration in Vietnam, from understanding the necessary procedures and documentation to ensuring compliance with local standards. Whether you’re launching a new product line or expanding your…
The Remarkable Rise of Vietnam’s Fintech Industry: A Guide for Fintech Vietnam Investors
Vietnam is host to over 100 fintech startups that offer a broad range of services such as wealth management, digital payments, alternative lending, and blockchain-based technologies. In addition, the country has improved its internet infrastructure & tech-based education ecosystem creating a foundation for developing effective financial technologies. The fintech industry’s current value stands at US$11 Billion and its transaction…
