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Vietnam is considered one of the potential investment markets across Southeast Asia. Stable economic growth is one of many factors that attract foreign investors to take part in it. ASEAN Free Trade Area (AFTA) agreement that had been signed by all ASEAN members change the investment roadmap. Business scope changes gradually, from domestic to the …
In accordance with Commercial Law in Vietnam, a foreign investor or legal entity is allowed to establish a representative office in the country. Currently, more than 10,000 foreign representative offices can be seen in Ho Chi Minh City and almost the same numbers of can be found in Hanoi, Dong Nai, and Binh Duong. Representative …
With the rising economy in Vietnam, it is no wonder that small-medium enterprises (SMEs) and startups are now everywhere in the country. SMEs have the biggest role in Vietnam’s economy, accounting for 98% of all legal entities in the country, and contribute to 40% of GDP. In order to support the growth and encourage more …
Doing business in Vietnam in the science and technology sector has never been more appealing. Effective from March 20, 2019, the Vietnamese government has enforced Decree 13/2019 with regard to preferential treatment for science and technology companies in terms of credit incentives, corporate tax cuts and exemptions, and reduction or exemption in water and land …
The first legal entity that comes to most foreign investors’ minds when it comes to doing business in Vietnam is that the only way to make a market presence in the country is by establishing a foreign company. However, this is not always the case. In fact, foreigners can also establish a representative office (RO) …
Due to the fact that 100% foreign ownership is allowed in many business sectors, foreigners are encouraged to make investment through company incorporation. One way to do it is by setting up a foreign company when it comes to company registration in Vietnam. However, in certain sectors, some restrictions still apply to a foreign-owned company. …
Vietnam carries numerous traits of a tempting investment haven with its strong organic growth, surging middle population, and attractive labour costs. It is even more apparent that there will be a tremendous trade expansion after the signing of the EU Free Trade Agreement and the Trans Pacific Partnership – ready to fuel Vietnam’s economic growth …