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.
As business owners all over the world continue to run their businesses on leaner budgets, many organisations in Vietnam have also found that outsourcing accounting is a great way to increase the quality and keep the costs down. A survey conducted by KPMG found that 40% of entrepreneurs and companies globally are currently using accounting …
Nowadays, both employees and employers in Vietnam are seeking more flexibility in the office solution to achieve a better work-life balance. This results in the surge in flexible workspaces (e.g. serviced office, coworking space, and virtual office) demand in Vietnam, especially in a big city like Ho Chi Minh City. It leads to a growing …
The insurance market in Vietnam has become more competitive than ever, attracting foreign investors to inject more capital in this market. Foreign investors are also actively adopting a more forward-thinking and dynamic approach to stay ahead of the pack. Economic growth, technological innovations, rising purchasing power and increasing consumer awareness about insurance products are key …
Vietnam is consistently ranked as one of the top destinations for doing business in Southeast Asia. The World Bank reported that Vietnam sat on the 70th place for ease of doing business, competing among 190 other countries in the world. The report also stated that the foreign direct investment increased by 7.4% year-on-year as of …
Chinese consumer’s consumption of health food was far below that of developed countries in the past. However, presently the demand is increasing rapidly because of the aging aggravation, government encouragement, accelerated urbanization and other drivers. China is recognized as the largest and fastest growing health food market which has huge potential. It is reported that …
A representative office in Vietnam serves as one of the ways a foreigner or a foreign company can establish its presence in the Vietnamese market. This type of company is regarded as a dependent local structure of its foreign parent company. A foreign company often opts for a representative office in Vietnam to have a …
When starting a business in Vietnam, a nominee shareholder is not unheard of even though it is a relatively new investment method in Vietnam. However, surprisingly, it is also the most commonly used investment method in the country. The majority of foreigners who have chosen this type of business entity because they believe that the …
Mystery shopping in Vietnam is a process in which a trained person is hired by a company to visit its retail stores or branches in Vietnam to assess and determine service quality and employee performance. Through mystery shopping, businesses have an overview of what their competitors are doing and use the feedback to improve their …
Most of the time, foreign investors want to improve the chances of obtaining financing, reputation, and sales for their startups in Vietnam in the shortest time. In that case, they may resort to buying a shelf company in Vietnam to expand the opportunities for their new ventures. A shelf company is also known as an …
Value Added Tax, or VAT, is one of the taxes that a consumer pays in Vietnam when they purchase goods and services for production, consumption, and trading. The VAT applies to goods and services purchased from foreign sources as well. However, there are exempted goods or services that attract VAT. The concept of a VAT …
Are you relocating to Vietnam but aren’t ready to let go of your car? A foreigner who would like to import a car to Vietnam and follow them around the world can do so, but the procedure can be a complicated one. Therefore, there are many things you need to consider before going ahead with …
Driven by both international and local players, the market for coworking space in Ho Chi Minh city is growing rapidly. The coworking space in Ho Chi Minh City is increasingly becoming an alternative to traditional commercial offices and home offices. According to the Global Coworking Growth Study conducted in 2019, Vietnam was ranked the world’s …
