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The Vietnamese economy has burgeoned into one of the world’s strongest economies thanks to its stable political and influential macroeconomic environment. Since the late 1980s, its Doi Moi reform policy has employed a range of measures to foster its attractiveness to foreign investment and develop a resilient economy. Hence, doing business in Vietnam is a … Continued
Foreign investors understand that Vietnam offers fascinating business and investment opportunities. Owing to the government’s substantial support and trade agreements, as well as the increasing middle-income groups and changing consumer lifestyles, Vietnam’s trading industry has become an interesting market for international investors. An increasing number of foreigners are entering Vietnam to invest in trading companies … Continued
What is Singapore’s MRA Grant? The Singaporean government first announced the Market Readiness Assistance (MRA) grant in 2013. This government grant is designed to introduce opportunities to Singapore’s SMEs (Small and Medium Enterprises) and help them establish operations in new markets worldwide. Specifically, the grant offers a capital incentive in the form of reimbursements, giving … Continued
With increasingly active trade and commerce deals, the ASEAN regional economy is growing well. Despite a worldwide economic slump and a harsh business climate in light of the last two years overshadowed by a crippling global health crisis, Vietnam has astonished the global investment ecosystem with its rapid economic development and ability to rebound from … Continued
When it comes to company registration in Vietnam, a representative office can be a viable option for foreign companies looking to establish their business presence. A representative office offers an affordable solution, particularly for newcomers who aim to familiarize themselves with the Vietnamese market. It is typically a preliminary step taken by foreign companies before … Continued
What Vietnam looks like after 4 waves of COVID Undoubtedly a major 21st-century crisis, the global COVID-19 pandemic still affects even the strongest nations. However, looking at the small Southeast Asian country of Vietnam, things are looking brighter. The country is currently quickly recovering from 2021’s heavy fourth wave of COVID-19. In several aspects, the … Continued
Vietnam had an average economic growth of about 6-7% at pre-pandemic levels, and expected economic growth at similar rates is projected well into the year 2026 according to Statistica. By the year 2036, the size of the Vietnamese economy is expected to surpass Singapore’s, becoming the second-biggest economy in Southeast Asia. However Vietnam is still … Continued
Among the essential steps to ensure success in a foreign venture is acquiring a deep understanding of the local market. For businesses eyeing Vietnam as their next strategic destination, comprehensive market research is a crucial factor that cannot be overlooked. This is where the expertise of market research companies in Vietnam comes into play, offering … Continued
The fitness industry in Vietnam is experiencing a significant boom, with a growing number of fitness studios being opened across the country. This surge in popularity can be attributed to several factors, including economic growth, the impact of the COVID-19 pandemic, and the rise of fast-food chains. As a result, individuals are prioritizing their health … Continued
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As the worldwide economic output pivots towards Asia, Vietnam is in the process of becoming the new “World’s factory” and center for the tech industry. Political stability, economic reforms, and continued economic growth are factors, however, the low cost of operating is one of the most attractive selling points attracting foreign investors to this dynamic young economy.
Overview Experts say that Vietnam is on track to become Southeast Asia’s investment hotspot. Its central location in Southeast Asia, rapid industrialization and urbanization, stable development rate, continuous innovation, socio-economic objectives, and increased economic integration are all major catalysts. With ambitious goals to attract half of the Fortune 500 by 2030, Vietnam might become one … Continued
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