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There has been a growing prevalence of turnkey projects or engineering-procuring-contracting (EPC) operations in Southeast Asia over the last two decades, especially in power production. Vietnam, in particular, is employing more and more foreign contractors in sectors such as infrastructure, renewable energy, and consumer foods processing. As a result, turnkey manufacturing is now common in … Continued
Vietnam’s latest update on Goods Labeling and how the Goods Labeling process is impacted. Check the details down below.
The strategic location of Lao Cai on the Kunming-Haiphong economic corridor, has made it become an alluring destination for foreign investment in Vietnam, particularly in the tourism, agriculture and construction industries. Currently, Lao Cai is the key passage for investments and trades between Vietnam and southwest regions of China. Investing in Vietnam? See Cekindo’s Business … Continued
Foreign investments in Vietnam have been achieving great popularity and gaining much traction over the years. The country’s economy is among the fastest-growing globally, and one of the biggest and most exciting stories lies in Vietnam’s retail and trading activities. Read More About Cekindo’s Company Registration Services in Vietnam. More and more foreign venture capitalists … Continued
nd accounts for one-third of Vietnam’s total GDP. It is widely regarded as one of the fastest expanding marketplaces for technology, manufacturing, and the top developing property market in Asia-Pacific, making company incorporation in Ho Chi Minh City one of the most lucrative opportunities the Vietnamese market has to offer.
Lean manufacturing is a production model based on the idea of increasing productivity and reducing waste while manufacturing. If there’s anything that doesn’t augment the worth of the product in terms of cost, it is considered a waste as per the lean manufacturing principle. The lean manufacturing methodology currently implemented encompasses various manufacturing principles that … Continued
To regulate e-commerce activities and platforms, a draft decree with No. 52/2013/ND-CP (Decree 52) was introduced with some amendments by Vietnam’s government. This decree will cover and must be implemented on local as well as foreign businesses in Vietnam. The purpose of amending the decree is to improve tax collection regulations and management. Read more … Continued
A representative office in Vietnam serves as one of the ways a foreigner or a foreign company can establish its presence in the Vietnamese market. This type of company is regarded as a dependent local structure of its foreign parent company. A foreign company often opts for a representative office in Vietnam to have a … Continued
A foreign company planning to expand its business in Vietnam can benefit substantially by setting up a representative office. For example, no capital is required and you are allowed to open a bank account in the country. Furthermore, you can hire both local and foreign employees and handle sales and delivery under your parent company. … Continued
middle-class population and young workforce. Moreover, the increment in pay levels along with the fast development of the retail industry has made Vietnam a viable option for investment and growth by the third-party (3PL) and the fourth-party (4PL) logistics sector.
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
To address climate change threats, Vietnam and many other countries have committed to reducing toxic fumes by attempting to reduce and neutralize carbon footprints by 2050. This is directly reflected in the countries’ aggressive investment in alternative energy sources, especially wind and solar.
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