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Drawing on deep-rooted culture, rich history, evolving cities, diversified geography, and beautiful beaches along the 3.000 kilometers of coastline, Vietnam’s tourism and hospitality sector have long attracted potential international investors. For many investors in Vietnam, the ideal way to start doing business is to set up a company since not much capital is needed and … Continued
Ho Chi Minh City (HCMC) and Hanoi, which generate a combined 40% of Vietnam’s GDP, are both set to become sustainable cities. As part of the Vietnamese government’s plan to make them the first two smart cities in the country, multibillion-dollar projects are underway. Investing in Vietnam? See Cekindo’s Business Setup Services for Foreign Investors … Continued
The World Economic Forum estimates that Southeast Asia will have 140 million new consumers from 2020 to 2030 according to the World Economic Forum. In this region, about 1 in 6 households will be a potential consumer by then. The Association of Southeast Asian Nations (ASEAN) is helping SEA economies to become more integrated and … Continued
Vietnam has been putting a lot of effort into developing its regional economy and luring globally renowned entrepreneurs with cutting-edge technical skills. However, even though Vietnam has a favorable business environment, making mistakes can heavily affect your business’s success. This article will tell you the common mistakes and pitfalls you can avoid while doing business … Continued
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. Read About Cekindo’s Company Incorporation Options … Continued
When doing business in Vietnam, regardless of the size of a company, the company may need company restructuring when the company grows or certain business circumstances occur. Company restructuring may also indicate that business owners realize the necessity for a change of their business in order to expand or even survive in this ever-evolving and … Continued
When doing business in Vietnam, many circumstances will require a business agreement. The most common business agreements found in Vietnam are employment agreement, shareholder agreement, investment agreement, non-disclosure agreement, and sales and services agreement. Many factors can cause a contract to become invalid. That’s why a professional legal consultant or specialist is mandatory. Read About … Continued
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 opportunities, however some challenges, related to an underdeveloped educations system, in … Continued
The expectations of employees and employers have changed over the years due to the complexity and growth of the talent market. Therefore, HR managers today are under a lot of pressure to obtain top talent while fulfilling the employer’s requirements. Not to mention, they will also need support from the company in terms of resources, … Continued
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. … Continued
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 that come from the daily operations of running a business. Reducing overhead costs is critical, especially for startups, when you … Continued
Being the fastest growing economy in the Southeast Asian region, Vietnam has undertaken several initiatives to ramp up the educational infrastructure in the country. In the year 2021, 4.03% of the country’s total GDP was allocated toward the country’s education and training sector. Thus, its contribution amounted to a GDP value of almost USD 362 … Continued
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