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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
With a growing number of foreign travelers flocking to this beautiful country every year, Vietnam’s tourism industry has witnessed an unprecedented boom. With the number of visitors crossing the 18 million mark in 2019, the government’s proactive efforts to boost tourism are expected to further bolster the travel sector. The tourism industry presents a wide … Continued
Thinking about retiring but not sure where to settle down? With its rich culture and landscapes, temperate climate, wonderful cuisine, and low living expenses, Vietnam has remained one of the top locations for international retirees seeking to make the most of their golden years. Vietnam not only provides seniors with a fulfilling yet budget-friendly lifestyle. … Continued
Vietnam’s middle class is pivoting toward a contemporary consumer-driven lifestyle, providing an opportunity for foreign investors to enter Vietnam’s evolving market.
One sure thing about Vietnam is that it is a very young country going through a golden population period with most of its people under 30 years of age. Vietnam is also a fast growing online shopping markets, as one of the world’s fastest growing e-commerce countries with approximately 50 million Internet users, and a … Continued
One of the legal entities that a foreign company or a foreign investor can establish in Vietnam is a representative office. This type of company formation is an effective way for foreign companies or investors to observe and analyze the local market before committing to a full market entrance into the country. Find Out About … Continued
Vietnam has been playing a proactive role in developing a sustainable future and diversifying its power mix by placing significant reliance on green energy projects.
The roadmap for Vietnam’s electricity growth provides a clear indication of the country’s commitment to renewable energy in the decades ahead, as the country marks a swift shift from the coal plant-dominated electrical mix. This article discusses the aspects of the Renewable Energy Industry in Vietnam, as well as investment potential in the sector. Interested … Continued
A Joint-Stock Company is one of the two commonly chosen business entities founded by foreign direct investors with more than 3 shareholders in Vietnam. It offers a higher level of flexibility for medium and large-sized companies with multiple shareholders, including profit-generating activities, listing on the stock exchange, etc. A JSC is usually meant for large … Continued
The State Bank of Vietnam released Circular 06/2019/TT-NHNN on June 26, 2019 in response to concerns regarding Circular 19/2014/TT-NHNN. In the circular, a clear definition of Foreign Invested Enterprises (FIE) is given along with the requirements for the opening of a Direct Investment Capital Account (DICA) while conducting international transactions. It is imperative that foreign … Continued
Foreign investors are a key part of the economic condition of Vietnam, especially as the industrial output in Asia shifts away from China. Various investors are putting their capital into Limited Liabilities Company in Vietnam. The increase in the number of LLCs is related to personal liability protection and the relative ease of setup. It … Continued
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