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As the worldwide economic output pivots towards Asia, Vietnam is in the process of becoming the new “World’s factory” and center for the tech industry. Political stability, economic reforms, and continued economic growth are factors, however, the low cost of operating is one of the most attractive selling points attracting foreign investors to this dynamic young economy.
The startups in Vietnam, particularly in Ho Chi Minh City, have been rapidly growing over the past several years. However, one of the challenges that many of these startups encounter is whether to rent or own an office space or use a virtual office in Ho Chi Minh City. If you’re a business owner yourself, … Continued
Multicultural business relationships while doing business abroad is one of the biggest challenges encountered by foreigners. Before entering the business culture in Vietnam, foreign investors should have an idea of general customs and traditions in order to facilitate and foster business relationships. In fact, the world of Vietnam’s business culture is far more appealing than … Continued
According to the latest World Bank predictions, Vietnam’s economy is on track to reach new economic milestones within Southeast Asia by 2036. The country’s GDP is estimated to increase by 5.5% in 2022, up from 2.6% in 2016. As the COVID-19 pandemic is being contained effectively domestically and abroad, the forecast predicts that Vietnam’s services sector … Continued
Forming a partnership in Vietnam is a popular business structure option for foreign investors and business owners. A partnership is a company that must have a minimum of two joint owners, and both of them conduct business activities under one business name. Find Out How InCorp Vietnam Can Help With Tailor-made Business Registration Services. There … Continued
With beautiful sceneries and tropical lifestyles, it is no surprise that Vietnam is an attractive location for many expats. As an expat living in Vietnam, you must know that expat life in Vietnam is very distinct from life in many other popular regions due to its different political structure, geographical location, economic structure, social norms, … Continued
Overview Experts say that Vietnam is on track to become Southeast Asia’s investment hotspot. Its central location in Southeast Asia, rapid industrialization and urbanization, stable development rate, continuous innovation, socio-economic objectives, and increased economic integration are all major catalysts. With ambitious goals to attract half of the Fortune 500 by 2030, Vietnam might become one … Continued
Vietnam’s tourism and hospitality sector has a magnetic appeal for international investors. This is because of its deep-rooted cultural heritage, abundant historical treasures, diverse landscapes and captivating coastlines. In this article, we will explore the various considerations that must be taken into account, in order to start a hotel in Vietnam. 2023 – Tourism Growth … Continued
The expanding wealth, rising middle-income group, larger young population, increased mobility, urbanization, and changing consumer attitudes are all indicators of Vietnam’s dynamic business climate. The modern business environment is preferred by entrepreneurs in order to open up new business possibilities and breakthroughs. Choosing to establish a limited liability company (LLC) in Vietnam is a significant … Continued
As an emerging market, Vietnam provides fantastic opportunities to entrepreneurs looking to time the market and fill the market gaps. This article has been written by our editorial team which has drawn on the experience of our business consulting team baked by market research and pinpointed certain areas that we recommend for small business owners … Continued
Vietnam’s Deputy Prime Minister Le Minh Khai recently approved Resolution No. 163/NQ-CP, signaling the government’s commitment to bolstering the logistics industry and enhancing its competitiveness. This comprehensive resolution outlines key tasks and solutions to transform Vietnam into a thriving logistics hub and position the country as a vital player in the region. With a focus … Continued
Regarding port infrastructure quality, Vietnam is ranked 80th out of 139 nations by the World Economic Forum. Due to the economic liberalization, more foreign investors have opened offices in Vietnam to conduct import and export business. Vietnam is also anticipated to be among the top 10 emerging markets for logistics globally. The five major ports … Continued
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