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Vietnam’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year,– a slight increase despite the COVID-19 pandemic (according to the ministry of trade). However, in the crisis, the Vietnam textile industry still saw positive development as the country surpassed Bangladesh in 2020 and became the … Continued
Fintech, or financial technology, has revolutionized financial services and is acting as a catalyst in fostering economic growth in a quickly digitizing Vietnam. The country’s share of regional fintech investment increased from 0.4% in 2018 to 36% in 2019, putting it second only to Singapore (51%). The government is also promoting fintech in order to … Continued
The construction sector in Vietnam is one of the most lucrative sectors in the Asia-Pacific (APAC) region. Despite the impacts of COVID-19, it grew rapidly in 2020. In Q3 2020, the General Statistics Office (GSO) of Vietnam reported a 5.7% year-on-year growth in the construction sector. As a consequence, the cumulative growth rate for the … Continued
The low operating and labor costs, stable political environment, and rising economic prospects are why Vietnam is attracting both private and foreign investors to take part in its dynamic market. To start a business in Vietnam, foreigners have several options for legal entities to choose from. Among all, the representative office in Vietnam is one … Continued
Foreigners & Foreign businesses relocating to Vietnam are in ever-increasing numbers. Low living costs, wonderful working and living conditions, high salaries, diverse landscapes, and a growing economy are the main driving factors for relocating to Vietnam. Investing in Vietnam? Check Out Cekindo’s Company Incorporation Services If you are looking to make Vietnam your permanent home, … Continued
As production in China contracts due to high labor cost, US-China trade war, and Covid -19 pandemic, Vietnam is undergoing continued and unparalleled economic growth relative to other low-cost countries. Foreign investors are progressively doing business in Vietnam as a China plus one destination to tackle rising costs of production in China and different volatile … Continued
With a massive influx of foreign companies, rising disposable income, consistent economic growth, and a burgeoning demographic trend, the prospects of the healthcare industry in Vietnam looks promising. Read more about Cekindo’s Product Registration Services in Vietnam & Company Registration Demand in the healthcare sector is robust, resilient, and is less affected by economic fluctuations, … Continued
Foreign investors investing in Vietnam face great challenges while transferring money to Vietnam, specifically their client’s bank account in Vietnam. The challenges could ring from corporate taxes to a hefty stretch of processes that can take too much time. However, having a tax outsourcing company at your service end to handle the processes for you … Continued
Despite the challenges faced due to the COVID-19 and climate change, Vietnam’s economy still maintained significant growth. And the agriculture sector had a pivotal role in the growth of the country’s economy. In this article, we talk about how the striking recovery of the agriculture sector in Vietnam poses a promising business prospect for foreign … Continued
As Vietnam welcomes more micro-breweries, the country’s craft beer scene is booming. In the past two years, Vietnam has welcomed more than a dozen such breweries as the demand for craft beer has risen in the country. Furthermore Vietnam’s craft brewers are bringing in more international awards than their other Asian Counterparts. This shows a … Continued
Vietnam generated 16.5 GW of solar power and 11.8 GW of wind power in January 2021. With plans to double this output by 2030
An in-depth analysis of or the Vietnamese Economy comparing 2020 and 2021 growth rates considering the implications of the global pandemic.
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