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Incorporating your business is an essential part of doing business in Vietnam. Business incorporation is a relatively easy process in Vietnam but a lot of foreign first-time investors, even experienced business owners, can sometimes get derailed. The consequences of going off-track and non-compliance are legal complications such as heavy penalties. For foreigners and entrepreneurs who …
Foreigners across the globe have been flocking to Vietnam since the 1990s to invest in the country. For many entrepreneurs, now is the best time to set up a business in Vietnam because the purchasing power in the country has gone up; and the Vietnamese are ready to spend their money on products and services. …
You can’t go wrong with starting an education business in Vietnam. The education market in the country has been appealing to many foreign investors due to its continuous demand and growth, as well as increasing profitability. The British Council has shown that in 2015, the people in Vietnam spent as much as US$8.6 billion on …
Starting a business in Vietnam, particularly in the hospitality sector, is considered one of the lucrative investments for foreigners from all over the world. Data have shown that the tourism in Vietnam is one of the major factors that has been boosting the country’s economy since its open policy with 18 million international visitors in …
When it comes to starting a business in Vietnam, many foreign investors may be wondering what profitable sectors are available in 2020. Let us answer it for you, consider investing in the education sector. As you may already know, Vietnam tops the list of one of the most popular investment destinations in Asia. Although the …
Along with the upswing of Vietnam’s economy, when doing business in Vietnam, businesses have higher demand of capital in order to grow and expand. As foreign investors do not meet the requirements of most domestic capital, they require foreign loan for that matter. On September 15, 2014, the State Bank of Vietnam (SBV) issued Circular …
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 …
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 …
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 …
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 …
