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Australia became Vietnam’s 10th biggest trade partner. Both nations are striving to step up trade and investment ties as well as strengthen their relationship pragmatically.
As a foreign company ourselves, we naturally are working frequently with branches of foreign companies or even foreign direct investments. Over the last decade, we have identified some patterns, which show the challenges of foreigners doing business in Vietnam.
A relatively high smartphone penetration rate and a tech-savvy young population have acted as a catalyst in increasing the adoption of digital banking in Vietnam. In the banking and payments sector, which are critical pillars of the economy, digital offerings and adoption have witnessed great reception. As a result of advancements in technology, banks have … Continued
The UK-Vietnam Free Trade Agreement or UKVFTA has become effective on January 1, 2021. The terms of this new agreement are based on the EU-Vietnam Free Trade Agreement (EVFTA) and the European Union Free Trade Agreements (EUFTAs) with third countries. There is a strong economic partnership between Vietnam and the UK through the UKVFTA and … Continued
onomic Partnership (RCEP) is a pact between the member states of the Association of Southeast Asian Nations (ASEAN) and its free trade agreement (FTA) partners comprising China, Japan, South Korea, Australia, and New Zealand.
Economic bilateral ties between India and Vietnam Economic relations between Vietnam and India are setting new benchmarks in the trade and investment sector. Bilateral trade between the nations has been steadily rising over the past two decades with significant scope for trade in pharmaceuticals, oil and gas, and IT services. Investing in Vietnam? See Cekindo … Continued
In July 2018, Vietnam and the European Union agreed on and finished the legal review of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (IPA). The EVFTA will be translated into 22 official EU languages and the commission will send the translated versions to the Council and the European Parliament for … Continued
Homebase – a proptech based in Vietnam, makes homeownership a dream come true for local and foreign owners that struggle to obtain a mortgage. Discover how they enable property ownership with innovative solutions in this article.
With over 19 million tourists flocking to Vietnam in 2019, and spending around USD 32.76 billion each year, the government has been mulling the decision to reopen Vietnam’s tourism industry post the pandemic
Currently the fastest-growing economy in Southeast Asia, Vietnam’s technological prowess and unexplored prospects presents a host of opportunities for foreign investors. Along with the rise of new FinTech companies, there has been a spectacular growth in the wealth management sector in the Asia-Pacific region, especially in Vietnam. Not sure where to start with company incorporation … Continued
Vietnam’s economy has grown dramatically over the last decade, and it’s no surprise that it’s now referred to as the “alternative to China.” Its popularity as the next best investment destination is only punctuated by its hungry new middle class, which is growing exponentially. . Danang is Vietnam’s third-largest city, however, it’s one of the most attractive in terms of Vietnam’s Alternative Investing Destination due to its strategic position in the center of the country along the coast as well as its business-friendly policies.
Did you know that about 10% of firms’ operational tasks in Vietnam have been automated in the last three years, and this is projected to increase to more than 25% by the end of the year? Setting the stage for what is surely a vibrant and promising field fueling Vietnam’s industrialization. Products manufactured automatically … Continued
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