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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
Many foreign investors are interested in starting a business in Vietnam due to its dynamic demographics, large & young workforce, increasing middle-class, strong economic growth, and several trade agreements with other countries. Read About Cekindo’s Business Set Up Services in Vietnam However, to be able to start and run a business successfully in Vietnam, there … Continued
Due to recent technological and commercial advancements supported by an upgrade in education and skill sets, the Vietnamese software outsourcing sector has mainly expanded. As a result, several global businesses are setting up shops in Vietnam to take advantage of software outsourcing’s lower costs, which has changed the fundamental variables that motivate foreign investment and … Continued
As Vietnam works to strengthen its manufacturing capabilities, crucial industries—such as apparel (footwear, textiles, and garments), along with electronics and electrical appliances—have contributed significantly to the growth of the manufacturing sector in the country. This article explores the potential and status of clothing manufacturing and why you should start expanding your operations to Vietnam. Vietnam … Continued
As per research conducted by Furniture Today, Vietnam shipped furniture worth USD 7.4 billion to the United States in 2020. This shows a marked increase of nearly 31% from the previous year, during which the total value of exported furniture was about USD 5.7 billion. In contrast, China exported furniture worth nearly USD 7.33 billion … Continued
To encourage and support Czech companies to increase their overseas business activities, PROPEA first emerged in 2019 as a tool to help investors expand their business abroad, including Vietnam. PROPEA stands for Projects to Support Economic Activities Abroad active in markets abroad. The support is in the form of a subsidy amounting to 70% of … Continued
This press release is to announce the cooperative agreement between InCorp Vietnam and the Bac Ninh Industrial Park Development And Investment Support Center
From technically specialized manufacturing to innovative software development, Vietnam has everything to offer to international entrepreneurs. With over 137,000 businesses registered and over 56,000 businesses re-opened between January and November 2022 (a 30-40% increase over 2021), the country’s prospects are evidently promising. Here are seven reasons to start a business in Vietnam. 1. A Tech … Continued
Vietnam has risen to become a top location for foreign investors and business development outside of Asia in addition to being recognized as one of the region’s fastest-emerging economies. The amount of foreign direct investment entering Vietnam increased by 13.5% from the previous year in 2022, the highest level in the previous five years. In … Continued
Known for its resilient economic performance, growing working population and low manufacturing costs, Vietnam is emerging as a key source of inexpensive labor for businesses expanding and/or setting up in Southeast Asia and Asia-Pacific. In fact, at around USD 200 a month, the country’s minimum wage is almost half of China’s. However, for international businesses, … Continued
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