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Vietnam has been considered the emerging star of the Asian hi-tech industry thanks to significant foreign investment from multinational businesses such as Samsung, Microsoft, Intel, Jinko Solar Technology, AT&S, LG, and others. The Vietnamese government has developed several significant criteria to attract hi-tech businesses to enter the country, resulting in a wave of foreign investment … Continued
In the last five years, Vietnam has seen a tremendous digital transition, resulting in significant IT industry growth. This beneficial transformation has compelled Vietnam to integrate internet-related industries into its economy. As a result, numerous multinational firms are setting up shops in Vietnam, helping the country’s information technology market grow. According to the German-language business … Continued
The Ministry of Information and Communications (MIC) has set ambitious goals to make the 5G network available across Vietnam by 2022. Moreover, it also aims to increase the number of digital enterprises set up in Vietnam from 58,000 to 100,000 by 2025. Several telecom operators have been granted licenses by MIC to provide 5G technology … Continued
To encourage and support Czech companies to increase their overseas business activities, PROPEA first emerged in 2019 as a tool to help investors expand their business abroad, including Vietnam. PROPEA stands for Projects to Support Economic Activities Abroad active in markets abroad. The support is in the form of a subsidy amounting to 70% of … Continued
With Vietnam’s fast-growing economy and its integration into the global supply chain, foreign investors are progressively investing in this alluring country to pursue more profits. The multiplying investments also mean the increasing number of company incorporation in Vietnam, especially over the past decade. In Vietnam, it is possible to establish a company with 100% foreign … Continued
Vietnam has transformed itself from one of the least developed regions in the world into one of Southeast Asia’s most prosperous economies over the past three decades. Ho Chi Minh City (HCMC), a fast-growing, young, and vibrant city in southern Vietnam, wholly represents the country’s dynamic business landscape. Jones Lang LaSalle (JLL), a real estate … Continued
According to VietnamPlus, between 2010 and 2020, the industrial sector accounted for 30% of Vietnam’s GDP, higher than any other national economic sector. In addition to constituting the largest portion of exports, the industry sector has helped Vietnam move from 50th place in 2010 to 22nd place among the world’s largest exporters in 2019. By … Continued
It’s no secret that doing business in Vietnam, is no easy feat. However, with a strong understanding of the rules of doing business, you can start your company in Vietnam with few hassles, and succeed. The first step in doing business in the country is to incorporate your entity. This is the ultimate list to … Continued
Startups in Vietnam have continued to grow exponentially. Here are insights into Vietnam as the most promising startup hub in Southeast Asia.
Since the Vietnamese government introduced an overhaul of the investment laws allowing foreign individuals and companies 100% ownership of a company in Vietnam, FDI has been pouring into the country. To understand your incorporation options, you need to be aware of two of the most common entities registered by foreigners in Vietnam: a Limited Liability … Continued
With a thriving entrepreneurial environment and booming startup culture, Vietnam is often equated to Southeast Asia’s Silicon Valley. Backed by a young, qualified and well-educated labor force, entrepreneurship in Vietnam has witnessed an unprecedented rise, which is especially evident in the tech industry. Since 2017, Vietnam has measured a total of 39,580 startups. In this … Continued
Vietnam offers a stable macroeconomic and political climate with a potential for strong economic growth and an increasingly prosperous consumer market. During the last decade, the country’s economy has grown at an average of 7.2% annually and has successfully drawn FDI worth USD 15.8 billion in 2020. Moreover, to boost economic activities in the country, … Continued
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