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In mid-December 2020, Vietnam’s Minister of Industry and Trade and the UK’s Secretary of State for International trade finalized the ongoing negotiations between the two countries. They introduced a new trade deal between the two countries, and it was named as the UK – Vietnam Free Trade Agreement (of UKVTA).
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
When doing business in Vietnam, regardless of the size of a company, the company may need company restructuring when the company grows or certain business circumstances occur. Company restructuring may also indicate that business owners realize the necessity for a change of their business in order to expand or even survive in this ever-evolving and … 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
Despite the volatility of global trade and the COVID-19 pandemic, revenue from bilateral trade between Vietnam and the Eurasian Economic Union (EAEU) rose to 17.98% in the first ten months of 2020. For the same period in 2019, exports reached 7.18 billion USD, up by 16.15%; imports reached 1.16 billion USD, up by 22.35%. Several … 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
Businesses around the world are moving towards flexible working spaces such as coworking spaces, virtual offices, and serviced offices. Vietnam, particularly its largest and most compact urban city—Ho Chi Minh City—has also seen coworking space as the future of the workplace. Entrepreneurs, freelancers, small-medium enterprises, large corporations are increasingly opting for coworking space in Ho … Continued
Starting a business in Vietnam is what many entrepreneurs and business owners desire. However, being able to start a company does not necessarily mean success. Globally, 90% of startups fail and that’s a scary figure to look at. The truth is, no one business fails without any signs or warnings. For many business owners, there … Continued
A representative office in Vietnam is often seen as an extension of a parent company overseas. Since the participation of Vietnam in the World Trade Organization (WTO) more than a decade ago, a multitude of foreigners prefer the representative office structure due to its simple setup. This type of structure allows foreign investors to test … Continued
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