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Payroll Obligations in Vietnam in 2019

Posted 11.02. 2019 by Cekindo , last update on 20.02. 2019

In 2018, the government of Vietnam issued a new decree 143/2018/ND-CP in regards to the mandatory social insurance payments and payroll for foreign workers employed in Vietnam. There are several important regulatory changes took place according to this decree and will have lasting impacts on the payroll in companies and organisation. In this article, we …

Trading Guide: Export from Australia & Import to Vietnam

Posted 27.01. 2019 by Cekindo

Vietnam launched its first economic reforms in the 1980s, and since that time its economy has been growing at unstoppable pace. Now, in 2019, it became of the most dynamic economies in Asia offering unlimited business opportunities. In this article, we focus on Australian entrepreneurs who intend to export their products from the country and …

Living in Vietnam: 10 Laws Expats Must Know

Posted 21.01. 2019 by Cekindo , last update on 14.02. 2019

Beautiful sceneries and tropical lifestyles, it is no surprise that Vietnam is an attractive location for many expats. Expat life in Vietnam is very distinct from life in many other popular regions due to its different political structure, geographical location, economic structure, social norms and quality of life. What many do not realize is that …

Compliance with Financial Statements in Vietnam

Posted 21.01. 2019 by Cekindo

Most entrepreneurs start their business in Vietnam because they were born business leaders in general or are passionate about certain sectors or markets. However financial statements are an absolute evil for many who eventually procrastinate until the very last minute. …

Insider Tips on Foreign Employment in Vietnam

Posted 16.01. 2019 by Cekindo

If you need skills that are in short supply in Vietnam, or when you would like to gain new ideas and technologies, your business can reap the benefits of employing talents from overseas. If a company in Vietnam would like to recruit foreigners as their employees or partners, they need to follow certain official processes …

Understand Current Trends in Vietnam: Market Research

Posted 31.12. 2018 by Cekindo

Vietnam is the fastest growing market in the regions of Southeast Asia, mostly driven by increased income, consumer behavior and changing lifestyle. As a result, Vietnamese consumer trends and business opportunities are changing rapidly with many positive signals. The signals are especially obvious in the economy and income index. In Business-to-Business (B2B), as well as …

Know How to Start a Limited Liability Company in Vietnam

Posted 30.12. 2018 by Cekindo

Vietnam’s dynamic environment for businesses is reflected in the growing wealth, increasing middle-income group, larger young population, greater mobility, and urbanization, as well as the shifting consumer attitudes. Entrepreneurs usually prefer to take advantage of the new business environment to achieve new business breakthroughs and horizons. Starting a business in Vietnam is definitely one of …

Cosmetics Registration in Vietnam: Process and Safety

Posted 17.12. 2018 by Cekindo

The value of the cosmetic industry in Vietnam is forecast to double by 2020 reaching US$2.2 billion. Furthermore, Vietnam has worked on reducing tax prices of imported cosmetics by 0-5% through several free trade agreements signed with other countries. The current development of the cosmetic sector in Vietnam indicates tremendous potential for foreign entrepreneurs with …

Shelf Company in Vietnam: Why Should You Buy It?

Posted 6.12. 2018 by Cekindo

Businesses always require quick responses to fast-changing markets and realities. You could be the champion in every industry if you are open to possibilities more rapidly than your competitors. Time counts, a year, a month or even a day. This applies to every business in the world including Vietnam. Setting up a company in Vietnam …

Guide to Work Permit in Vietnam: Requirements and Application

Posted 6.12. 2018 by Cekindo

In addition to being an excellent destination for tourism, Vietnam is a country full of professional and business opportunities. Vietnam has been one of the countries in the world that have experienced the greatest economic growth for the past decades. However, the country now relies heavily on foreign direct investment (FDI). Before foreigners can penetrate …

How to Start a Joint Stock Company in Vietnam

Posted 28.11. 2018 by Cekindo

Nowadays, more and more entrepreneurs choose to join forces in businesses in order to keep up with the tough competition in all sectors in Vietnam. One of the common entities with join forces is a joint stock company. Joint Stock Company Definition According to the law in Vietnam, a joint stock company (JSC) is a …

In-Depth Comparison of Legal Entities in Vietnam

Posted 28.11. 2018 by Cekindo

When starting a business in Vietnam, apart from developing a marketing strategy, hiring staff and raising money, one very important thing to do is to choose the right legal entities. There are several entities to choose from when launching your business in Vietnam. You need to make sure to form an entity that works well …