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The E-Commerce industry in Vietnam continues to flourish in 2022 due to increasing foreign investment, a favorable regulatory environment, and improved internet connectivity. About one-tenth of all goods and service sales are expected to be online by 2025. With a thriving digital economy and e-commerce industry, Vietnam is an ideal location for tapping into new … Continued
When it comes to conducting business in Vietnam, the cities that come to most people’s minds would undoubtedly be Hanoi and Ho Chi Minh City. However, these two cities are no longer the only places where Vietnam’s economy is expanding steadily. As a result, Danang is now acknowledged as one of the most appealing destinations … Continued
Vietnam’s jewelry market bears a significant cultural and economic value to the country, making it a prospective environment for investment and business growth. Major global players (Swarovski, Pandora, etc.) have established a business presence in Vietnam alongside local public and private brands (PNJ, Cuu Long Jewelry, SJC, etc.). For indigenous women, local textiles and jewelry … Continued
Drawing on deep-rooted culture, rich history, evolving cities, diversified geography, and beautiful beaches along the 3.000 kilometers of coastline, Vietnam’s tourism and hospitality sector have long attracted potential international investors. For many investors in Vietnam, the ideal way to start doing business is to set up a company since not much capital is needed and … Continued
Singapore has been a significant contributor to Vietnam’s FDI inflows during the last few years and retained its place as the number one foreign investor.
Vietnam has been considered the emerging star of the Asian hi-tech industry thanks to significant foreign investment from multinational businesses such as Samsung, Microsoft, Intel, Jinko Solar Technology, AT&S, LG, and others. The Vietnamese government has developed several significant criteria to attract hi-tech businesses to enter the country, resulting in a wave of foreign investment … Continued
Located in Vietnam’s Northern Key Economic Zone (NKEZ), the province and city of Bac Ninh present outstanding prospects for business setup and development. The province only stretches 82.6 square kilometers of land, making it the smallest in Vietnam. However, it is now known to be an FDI (foreign direct investment) hotspot, especially for high-tech products. … Continued
In the last five years, Vietnam has seen a tremendous digital transition, resulting in significant IT industry growth. This beneficial transformation has compelled Vietnam to integrate internet-related industries into its economy. As a result, numerous multinational firms are setting up shops in Vietnam, helping the country’s information technology market grow. According to the German-language business … Continued
The Ministry of Information and Communications (MIC) has set ambitious goals to make the 5G network available across Vietnam by 2022. Moreover, it also aims to increase the number of digital enterprises set up in Vietnam from 58,000 to 100,000 by 2025. Several telecom operators have been granted licenses by MIC to provide 5G technology … Continued
Vietnam is one of the fastest-growing markets in Southeast Asia, mostly driven by manufacturing, exports, and an expanding middle class. As a result, Vietnamese consumer trends and business opportunities are changing rapidly with many positive signals. The World Bank mentioned Vietnam as a “development success story”, having made great strides in improving living conditions and … Continued
In the era of globalisation and international trade, businesses face numerous challenges while setting up operations in different countries. One of the major challenges is importing goods into a new host country, like Vietnam. The traditional strategy of incorporating a company, getting an import license and registering your products in the country can take anywhere … Continued
Vietnam has made rapid development and the country’s economic performance is expected to overtake many Southeast Asian countries, including Thailand and Singapore. In fact, since the early 1990s, thanks to the strong inflow of foreign investments, Vietnam has seen GDP growth averaging over 6.3% each year, with 2022 recording the second most impressive growth at … Continued
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