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Appointing a Nominee Director is a relatively new but a commonly used investment method in Vietnam. This investment tool has become more and more significant over the years for foreigners who wish to start a business in this booming economy. When talking about starting a business in Vietnam with nominee arrangement, the nominee structure is … Continued
Due to some restrictions when it comes to certain sectors of the Vietnamese economy that are closed to foreign investment, using a nominee shareholder is a viable option. In essence, it gives a foreign investor access to a sector in Vietnam that is normally closed to foreign investment via nominating a local shareholder, whose name … Continued
A local nominee appointment in Vietnam is a significant component for foreigners who want to do business in the country. Often, the local nominee is appointed as a company shareholder to shield the actual owner’s identity, meaning foreign investors can get involved in business sectors that have restrictions regarding foreign investment. Many foreigners have favored a … Continued
What does franchising really look like in Vietnam? Is it the right business model for you? Many international brands looking to expand their operations are considering entering Vietnam via franchising. Famous brands like Zara, Holiday Inn, Carl’s Junior, Dunkin’ Donuts, Starbucks, and Anytime Fitness among others, have already opened up their franchises in Vietnam. This … Continued
April 2018 celebrated 45 years of diplomatic ties between Singapore and Vietnam. With air travel distance only 1.5 hours away and the new establishment of six diplomatic agreements, foreign investors continue to benefit from the robust bilateral ties between the two member countries. Evidently, Vietnam remains the first stop for Singaporean firms to invest in … Continued
Empowering Small Businesses to Conquer New Frontiers In today’s globally interconnected landscape, small and medium-sized enterprises (SMEs) are vital drivers of economic growth and innovation. Recognizing their importance in Singapore’s business ecosystem, the Market Readiness Assistance (MRA) grant has become a crucial tool for empowering SMEs to expand into international markets. The maximum support package, … Continued
In this conversation, we spoke to Thijs van Loon, CEO and founder of Betterworks Asia. With the aim of providing training and coaching programs for professionals in the workplace, Thijs leverages twenty years of experience to take you and your company to new heights. Given that there’s so much to unpack in the field, we … Continued
In recent decades, China has been considered the manufacturing hub of the world, attracting countless businesses seeking cost-effective production and access to a vast consumer market. China accounted for a significant portion of global manufacturing output, producing around 28.7% of the world’s total manufacturing value-added in 2019. The China +1 strategy boosts manufacturing resilience and … Continued
When you decide to engage in the Vietnamese market as a foreigner, you must first research the viability of the industry you are interested in. Start by checking whether the business field is allowed by Vietnamese law or is subject to limitations, such as Vietnamese business regulations affecting international investors. Because Vietnam is still a … Continued
Vietnam has embraced economic liberalization with great enthusiasm and invested in human and physical capital, both through public investments as well as opening up the economy to foreign investments. Moreover, the country effectively complemented global liberalization with domestic reforms through ease of doing business and deregulation. Vietnam has signed significant free trade agreements in the … Continued
Vietnam’s e-commerce landscape is witnessing remarkable growth. According to Google, it’s the second-fastest-growing e-commerce market in the world, trailing only behind Indonesia. The country’s e-commerce market is poised to reach a substantial US$15 billion by 2025, driven by increasing internet penetration, digital adoption, and changing consumer behavior. This surge in demand has led to a … Continued
Vietnam, an Asian high-growth market, offers promising business opportunities as well as challenges for Chinese businesses, as compared to China itself. Emerging as a highly attractive investment destination, it continues to capture the attention of companies seeking international expansion. Stability in the country’s politics, favorable economic policies, and supportive administrative interventions contribute to its allure … Continued
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