Doing business in Vietnam

Since Viet Nam’s accession to the WTO in 2007, the market has been liberalized in certain areas and been a promising destination to international investors. Up to the present, Viet Nam has successfully transformed from a centrally-planned economy with heavy bureaucracy and subsidies to an emerging market economy characterized by strong dynamism and rapidly growing entrepreneurship. The country continues to …

Under Investment Law of Vietnam, foreign investors are entitled to invest in business lines which are not prohibited. This is just another fundamental with high importance to every investor during investment research and before gambling loads of money in a foreign country like Vietnam. According to Investment Law, investments in the following activities are banned: Trade in the narcotic substances …

Since 2005, Vietnam’s Government has applied different incentives and support to investment from outside of Vietnam. The purpose is not only to stimulate foreign investment into Vietnam but also create a fair investment environment for both domestic and foreign investors. Nowadays, foreign investors can be entitled to comparable or even more and better investment incentives that those of domestic investors. …

In the course of international integration, businesses tend to not only stay within the territory of a country but also expand to more countries around the world, just like a tree growing its branches. Under Vietnam’s Law on Enterprise, a branch is a unit dependent on the enterprise and obliged to perform part or all of the enterprise’s functions, including …

With the economic boom and fast growth, market access into Vietnam can never be easier, attracting foreign investors from all over the world. As a result, there comes a big wave of foreign-invested companies in Vietnam, raising the need for a legal understanding of setting up companies in Vietnam. Related: How to get a permit to work in Vietnam The threshold …