Blog: doing business in vietnam

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An Introduction into Fitness Landscape in Vietnam

When it comes to doing business in Vietnam, the country offers unlimited business opportunities. Fitness business, for example, is among the rising business ideas in Vietnam. Gymnasium chains have been popping up in major cities in Vietnam with the Vietnamese’s growing interest of fitness activities. Many years, ago gyms were something rare to most people …

Reasons to Establish a Business in Danang

When deciding on a place to start doing business in Vietnam, investors do not just opt for Hanoi and Ho Chi Minh City nowadays. Being the fourth biggest city in Vietnam, Danang has now become foreigners’ favourite destinations due to the many investment opportunities this city has to offer. Over the years, Danang has been …

How to Reduce Overhead Costs in Your Small Business in Vietnam

If you are an entrepreneur or a small business owner in Vietnam, you know all too well that overhead costs can sometimes be a huge burden to your business. Overhead costs of business are expenses come from the daily operations of running a business. Reducing overhead costs in critical, especially for startups, when you are …

Why are Virtual Offices in Vietnam A Good Fit for Business Travelers?

Business travelers are constantly on the move. Jumping from destination to destination makes it difficult to just ‘stay in the office.’ With a virtual office in place, you can indulge in both business and travel at the times that best fit you. Especially in a country like Vietnam, there are many reasons to commute across …

The ASEAN-Hong Kong, China Free Trade Agreement (FTA) and Its Effect on Vietnam

The ASEAN-Hong Kong, China Free Trade Agreement (FTA), with its acronym AHKFTA, is expected to promote the trade between Hong Kong and other ASEAN member states substantially. The AHKFTA became effective on June 11, 2019 for Vietnam, Thailand, Laos, Singapore and Myanmar. The rest of the member states will confirm the enactment by the end …

What are the Benefits of Establishing A Science and Technology Firm in Vietnam?

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 credit incentives, corporate tax cuts and exemptions, and reduction or exemption in water and land surface lease …

What are the Key Considerations for Investors when Entering Vietnam?

The Vietnamese economy is thriving and regarded as the fastest growing economy in Southeast Asia, alluring many foreign investors to invest in Vietnam. The ongoing Foreign Direct Investment (FDI) over the years has been the major driver of this burgeoning growth. Furthermore, the middle class in Vietnam has been expanding, making Vietnam a flourishing consumer …

What are the Recruitment Challenges You Need to be Aware of when Doing Business in Vietnam?

Doing business in Vietnam has its own challenges, including recruitment challenges. Recruiting in Vietnam today is so much different than it was just a few years ago. The rapid development of the country’s economy and the exponential advancement of information technology have created many challenges in recruitment for my businesses. The competition for talent is …

Traditional Office vs. Virtual Office in Ho Chi Minh City: Which One is Better?

It is undeniable that Vietnam is now one of the shining emerging markets in Asia. The market growth is particularly significant in this alluring city: Ho Chi Minh City. With the country’s more than 6% growth every year, Ho Chi Minh City presents itself as a profitable investment base for many foreign investors with businesses …