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.
Vietnam has made rapid development and the country’s economy is expected to overtake many Southeast Asian countries in the years to come. When it comes to investing in Vietnam, from early 90s up until now, Vietnam has brought in strong inflow of foreign investments, with average GDP surpassing 7% each year. Apart from the country’s …
For many businesses, tax-related activities are always tedious and burdensome especially during tax season. Most of the time, companies do not have the qualified staff to keep sufficient control over their tax processes. It puts even more pressure on companies as the tax laws are going through a constant change in Vietnam and the majority …
Due to the digital transformation and skyrocketing property prices, office space and virtual office are in great demand for people doing business in Vietnam, particularly in Ho Chi Minh City. For many of you, two of the biggest expenses for running a business is your monthly rent and the money invested in your people. Therefore, …
For most foreign investors doing business in Vietnam, taxes and money issues are the most important things that they will have to be extremely careful about. Therefore, one of the vital elements for your business to succeed is to get yourself familiar with the accounting standards as well as bookkeeping regulations in Vietnam. With the …
According to Google, Vietnam is ranked the second fastest growing e-commerce market, following Indonesia. It is also forecast that the country’s e-commerce market will hit US$15 billion by 2025. Thus, it is no surprise that the demand of e-commerce in Vietnam has soared and it’s expected to achieve a 42% growth annually until 2022. In …
Many investors have been eyeing Vietnam as the perfect energy market to invest in recently. It is estimated that the energy market will bring in more than US$150 billion investments over the next 10 years to keep up with the climbing energy demand. Apart from the main energy resources, the Vietnamese government puts in an …
E-invoicing unquestionably plays an essential role in digitalising business operations in Vietnam. The use of e-invoice is very common all over the world and in an effort to attract more foreign investments, Vietnam has also adopted the system. The government in Vietnam has issued Circular 68 to give guidance on Decree 119 with regard to …
Most of us eat out at least once a week, and this is why the restaurant industry is a lucrative business and is thriving perpetually in Vietnam. And of course, we all love to eat and will continue to enjoy food prepared outside of the home. This is also another reason starting a restaurant business …
In today’s mobile and innovative world, a company no longer requires four-walled space to strive. Most businesses around the world, including in a big city like Ho Chi Minh City in Vietnam, have now waved goodbye to the 9-5 office setting with virtual office solutions. The solution is a life-saver especially for new enterprises as …
Vietnam’s information technology (IT) market has been gaining momentum recently as the country is now moving from low-tech manufacturing to a service-oriented economy. IT companies in India and China are now facing competition due to the boom of Vietnam’s IT industry. When it comes to investing in Vietnam, foreign investments in IT businesses will have …
Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. …
If you want to run a business in Vietnam or know that you will be staying in Vietnam for an extended period of time, you may want to consider opening a bank account in Vietnam to ease the transaction and avoid excessive bank fees. The Vietnamese government provides a wide range of banking to foreigners …