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THE ULTIMATE GUIDE TO DOING BUSINESS IN VIETNAM

Behind every success of business expansion is the comprehensive knowledge of regulations, legal compliances, procedures and socio culture, among others. If you are intending to expand to Vietnam, get our free copy of e-book to learn about starting a business in Vietnam, everything you need to know from A-Z. Simply click the "download" button below.

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Relocating China Operations to Vietnam: Smart Choice for Foreign Investment

As production in China contracts due to high labor cost, US-China trade war, and Covid -19 pandemic, Vietnam is undergoing continued and unparalleled economic growth relative to other low-cost countries. Foreign investors are progressively doing business in Vietnam as a China plus one destination to tackle rising costs of production in China and different volatile …

Draft on E-commerce Decree in Vietnam: The Effects on Foreign Investors

To regulate e-commerce activities and platforms, a draft decree with No. 52/2013/ND-CP (Decree 52) was introduced with some amendments by Vietnam’s government. This decree will cover and must be implemented on local as well as foreign businesses in Vietnam. The purpose of amending the decree is to improve the tax collection regulations and management. This …

Singapore’s MRA Grant – Market Expansion into Vietnam

What is the MRA Grant? Market Readiness Assistance (MRA) is a government grant that supports Singapore’s SMEs (Small and Medium Enterprises) to expand operations into a new international market. It is aimed to act as a catalyst for SMEs to grab opportunities and access the international market. As announced at the Budget 2021, the maximum …

Tax Reporting and Other Corporate Compliance in Vietnam: Deadlines for 2021

Vietnam has seen a remarkable rise in the number of businesses in recent years. A successful business in Vietnam is built on several foundations, including tax reporting and corporate compliances. The deadlines for 2021 compliance in Vietnam is coming. So is your company ready to meet the deadlines and avoid hefty fines and penalties? Tax …

How to Avoid Penalties for Violations in Tax and Invoicing in Vietnam

Decree 125/2020/ND-CP dated 19/10/2020 is the newly issued Vietnam Tax Law, which has been effective since December 5, 2020. The new law states several penalties and the resulting fines for the violation of tax and invoice regulations. Thus, ensuring tax and invoicing compliance is highly important when doing business in Vietnam. Below we will highlight …

Competitive advantages of investing in Quang Nam Province in Vietnam

Quang Nam Province, an exciting investment destination in Vietnam, is located in Central Vietnam, bordering Laos, Quang Ngai, and Da Nang. As a vital spot for international trade and a population of 1.84 million, Quang Nam Province has seen an increasing socio-economic development over the years. This province has also been sitting at the top …

Vietnam Is Seeking Quality Investors: Investment Law Update

Investment in Vietnam has been multiplying in the past few years. Thanks to its fast and efficient response to the coronavirus pandemic, Vietnam has a speedy economic recovery compared to other countries in Asia. Despite the COVID-19 crisis, Vietnam’s GDP still showed positive growth with 2.91% in 2020, according to the General Statistics Office (GSO) …

How a Professional Employer Organization in Vietnam can Help Your Business

Running a business in Vietnam can be expensive, primarily when operating a small or medium company. Therefore, more and more enterprises in Vietnam have outsourced their human resource, payroll, and other administrative tasks to a Professional Employer Organization (PEO) or employer of record in Vietnam. What is a PEO in Vietnam, then? PEO in Vietnam …

Latest Updates on Exemption for Vietnam Work Permit

The Vietnamese government issued Decree 152/2020/ND-CP on December 30, 2020, and the decree came into force on February 15, 2021. Decree 152/2020 covers provisions concerning the regulation of foreigners employed in Vietnam, recruitment, and management of Vietnamese staff working for individuals and companies. In this article, we will highlight some of the essential things about …

Vietnam Opens Market for UK Companies: The UK-Vietnam Free Trade Agreement

The UK-Vietnam Free Trade Agreement or UKVFTA has become effective on January 1, 2021. The terms of this new agreement are based on the EU-Vietnam Free Trade Agreement (EVFTA) and the European Union Free Trade Agreements (EUFTAs) with third countries. There is a strong economic partnership between Vietnam and the UK through the UKVFTA and …

PROPEA 2021: Support for Czech Companies to Expand Business to Vietnam

To encourage and support Czech companies to increase their overseas business activities, PROPEA first emerged in 2019 as a tool to help investors expand business to Vietnam. PROPEA stands for Projects to Support Economic Activities Abroad active in markets abroad. The support is in the form of a subsidy amounting to 70% of the service …

Benefits of Setting up a Business in Vietnam Free Zone

Foreign individuals and entities are flocking in Vietnam free zones over the years, looking to form their manufacturing companies and enjoy the tax benefits for their product distribution and export. There are significant industrial zones in Vietnam, and they have emerged as a powerhouse for different industries, ranging from light to heavy. Free Zones in …