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Vietnam’s Coffee Export Market: Trends in Consumption and the Coffee Shop Industry for Investors
Vietnam boasts a rich coffee culture which is deeply rooted in its history. French colonists introduced this beverage in the 19th century. Over time, it has become an integral part of Vietnamese society, shaping daily routines and social interactions. From Saigon’s bustling streets to small towns’ quaint roads, coffee shops dot the landscape, offering spaces…
How Overseas Vietnamese Can Register for Permanent Residence in Vietnam?
In recent years, a growing trend among Overseas Vietnamese has been the desire to return to their homeland to live permanently. This shift has sparked significant interest in the procedures for securing permanent residence in Vietnam. Understanding the complex legal pathways and requirements is crucial for those looking to make this significant transition. This article…
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Importing to Vietnam without Local Presence: Utilizing an Importer of Record (IOR)
In today’s global business landscape, companies frequently encounter challenges when entering foreign markets. A major hurdle is importing goods into a market like Vietnam, where the conventional approach—establishing a company, securing import permissions, and registering products—can take anywhere from two to four months. As a result, the role of Importer of Record (IOR) in Vietnam…
The Market of Wine in Vietnam: Trends, Import Regulations, and Consumer Insights for Investors
As Vietnamese consumer preferences evolve, there is a notable trend toward the adoption of Western culinary and beverage choices, with wine standing out prominently. The wine sector in Vietnam has experienced remarkable growth, presenting a varied array of offerings such as red, white, sparkling wines, and spirits. Nonetheless, the intricacies involved in importing wine into…
Returning as Overseas Vietnamese: Career Moving Opportunities, Business Expansion and Methods for Homecoming
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…
Vietnam Economic Growth and April 2024 Investment Developments: Strategic Gains and Global Partnerships
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…
Why are Global Cosmetics Brands Flocking to the Vietnam Cosmetics Market?
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…
Police Clearance Record in Vietnam: Guide to Procedures for International Police Certificates and Criminal Records
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…
Vietnamese Unicorn Startups: Revolutionizing Southeast Asia with High-Value Players like MoMo and Axie Infinity
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…
Healthcare Industry in Vietnam: Market Trends, Hospital Investments, and System Dynamics
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…
E-commerce in Vietnam Evolution: Understanding Market Size, and the Surge in Online Shopping Apps and Trends
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…
