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Vietnam’s economy has flourished over the past decade, thanks to its friendly-investment policies, cheap labor, and low operating expenses. As a result, foreign investors are inclined towards shifting their manufacturing to Vietnam, instead of China. To cater to the infrastructural demand of investors, the government has established 6 industrial parks in Danang’s vicinity and plans … Continued
According to VietnamPlus, between 2010 and 2020, the industrial sector accounted for 30% of Vietnam’s GDP, higher than any other national economic sector. In addition to constituting the largest portion of exports, the industry sector has helped Vietnam move from 50th place in 2010 to 22nd place among the world’s largest exporters in 2019. By … Continued
The Vietnamese Ministry of Finance issued Circular No. 43/2019/TT-BTC which came into effect on August 26, 2019, with provisions to incentivize investments in the country’s economic or industrial zones. According to the recent circular, various tax incentives are provisioned to enhance standards of living and quality of life in the industrial zones.
It’s no secret that doing business in Vietnam, is no easy feat. However, with a strong understanding of the rules of doing business, you can start your company in Vietnam with few hassles, and succeed. The first step in doing business in the country is to incorporate your entity. This is the ultimate list to … Continued
Did you know that the Total ICT Revenue that Vietnam witnessed in 2019 was $112,35 Billion USD? With technological skills ranked second in Asia Pacific and big foreign corporations banking on Vietnamese engineers for their expansion plans, the prospects of IT Outsourcing to Vietnam is very promising. International and local businesses alike can be hired … Continued
Vietnam, 15 December 2021 – Cekindo Vietnam hereby announces the start of our migration to InCorp Global, a leading provider of corporate solutions and business advisory in Asia-Pacific, while continuing to deliver our services to our distinguished clients. Through this transition, Cekindo Vietnam will now be known as InCorp Vietnam. We are thrilled to start … Continued
Considering Vietnam for your next expansion? The Vietnamese government is proactively taking crucial steps to improve business conditions through fiscal reforms and upgrading incentives for companies investing in Vietnam, including SMEs. The incentives mentioned in this article are related to taxes, in order to incentivize more companies to set up their business in Vietnam. As … Continued
Startups in Vietnam have continued to grow exponentially. Here are insights into Vietnam as the most promising startup hub in Southeast Asia.
Vietnam, strategically located in Southeast Asia, is an ideal international business hub for foreign investors looking to start their next business venture or establish a startup. If you are interested in expanding your business to Vietnam, this is a must-read article about the 5 important things you should know before starting your business in Vietnam. … Continued
As of the writing of this article, Entry requirements have largely reverted to their original state with the exception of a vaccination certificate. When traveling to Vietnam, you will need proof of vaccination along with a travel visa, which we will detail below. Read More about Cekindo’s investor Visa Services Types of Visas in Vietnam … Continued
The World Economic Forum estimates that Southeast Asia will have 140 million new consumers from 2020 to 2030 according to the World Economic Forum. In this region, about 1 in 6 households will be a potential consumer by then. The Association of Southeast Asian Nations (ASEAN) is helping SEA economies to become more integrated and … Continued
Since the Vietnamese government introduced an overhaul of the investment laws allowing foreign individuals and companies 100% ownership of a company in Vietnam, FDI has been pouring into the country. To understand your incorporation options, you need to be aware of two of the most common entities registered by foreigners in Vietnam: a Limited Liability … Continued
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