Vietnam has surged as one of the most important economies in Southeast Asia in the last few years which attracted many investors from neighboring and Western countries. Opening a company in Vietnam as a foreigner implies knowing the local legislation and complying with several requirements. With respect to the cities in which such company can operate, there…
Foreign entrepreneurs moving to Vietnam are allowed to start their own businesses here if they comply with the local regulations. They can set up small or larger companies, depending on their budget. One of the best examples for setting up a business in Vietnam is to start a plumbing company in the background of the developed…
Setting up a business in Vietnam comes with many advantages for foreign investors who want to explore emerging industries like cryptocurrency. Among these advantages are the same regulations and the same taxation system. Moreover, Vietnam is one of the first Asian countries to create regulations for cryptocurrency transactions. Our company formation agents explain how foreign enterprisers can open a…
Vietnam is a very appealing investment destination as the number of foreign enterprisers opening companies here has increased spectacularly in the last several years. Among the reasons for setting up companies in Vietnam, most of the entrepreneurs have invoked the legislation favoring foreign investments and the taxation system. From a taxation point of view, Vietnam is one…
Becoming a shareholder in Vietnam can be effectuated by setting up a new legal entity, acquiring a shelf company or buying stocks in one. In this article, our company formation advisors in Vietnam briefly analyze these three options of how to become a shareholder in this jurisdiction. Setting up a new legal entity in Vietnam The most popular…
The new Enterprise Law and Investment Law which were both adopted in 2014 apply to foreign-invested and local companies in Vietnam. These laws confer the legal frame for an equal treatment in most of the economy industries. In this article, our company formation consultants in Vietnam explain a few key aspects related…
Foreign citizens who intend to reside in the country for a prolonged period of time must obtain a permanent residence permit in Vietnam. As follows, our company formation consultants in Vietnam present several aspects related to obtaining this permit here. Who qualifies for the permanent residence card in Vietnam? Foreign citizens who have…
The IT market in Vietnam is quite new, however, it has seen a rapid development. Even though the country connected to the internet in 1997, by the end of 2001, the subscriber numbers were assessed at approximately 165,000. One year later, after a price reduction, the user numbers increased to more than one million. …
The Vietnam tobacco industry has a production capacity of approximately 5,800 million packs per year, which is used at around 70% to 80% of its capacity. The cigarette output of the sector has been rising since 2000, mainly because of investments which were made in the tobacco growth, processing and production equipment,…
Vietnam is a developing market for food products, being still large enough for a lot of investors, as well as newcomers. To be successful in this fast sector, where the competition is increasing, businesses have to understand better the consumer demands and generate an exciting experience for their customers. In…
