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When it comes to doing business in Vietnam, the country offers unlimited business opportunities. Fitness business, for example, is among the rising business ideas in Vietnam. Gymnasium chains have been popping up in major cities in Vietnam with the Vietnamese’s growing interest of fitness activities. Many years, ago gyms were something rare to most people … Continued
Strong economic growth, increase in disposable income and significant demographic changes are the reasons healthcare industry and medical services are on the rise in Vietnam. Just in 2017 alone, the healthcare sector contributed to 7.6% of the country’s total GDP and is expected to grow at a CAGR of 12.5% by 2021. Investing in Vietnam? … Continued
More and more restaurants in Vietnam have been achieving notable international awards than ever before in it’s rich culinary history. The expanding middle-class paired with an influx of foreign-trained chefs and an appetite for novel food concepts is fueling this incredible boom in the restaurant industry. This is also another reason starting a restaurant business … Continued
Vietnam is currently experiencing tremendous development and is ranked one of the fastest-growing economies in Southeast Asia. The number of foreign direct investment companies (FDIs) in Vietnam keeps growing and numerous multinational corporations can be seen everywhere. One of the most attractive sectors in Vietnam that foreigners are interested in is e-commerce. Find Out About … Continued
If you want to start a restaurant in Vietnam, you need to consider these statistics. According to Statista.com, revenue in the restaurant, hotel, and hospitality segment is forecast to reach US$819 million in 2020; revenue in the food and beverage sector is projected to achieve US$464 million. Vietnam, without a doubt, is one of the … Continued
When it comes to investing in Vietnam, most foreign investors operate under the impression that creating a foreign-owned company, like LLC or JSC, is the only way through it. However, for a more pragmatic approach, a lot of new investors prefer setting up a Representative Office (RO) in Vietnam. Setting up a representative office in … Continued
Peer-to-peer lending is gaining more attention, especially in developing countries, such as Indonesia, Malaysia, and Vietnam. Peer-to-peer lending, also known as P2P lending, is a money lending activity to businesses or individuals throughout online websites/apps. The lender, called a P2P company, offers lending services with an easier process than traditional lending practices. This new rise … Continued
In a merger and acquisition process in Vietnam, business owners shall look into due diligence and contract procedure to minimize risks.
Vietnam has one of the most rapidly-growing economies in Asia and the world. The increasing influx of foreign investment and rapid urbanisation in Vietnam has made the country’s construction business develop significantly over the years. High-rise buildings, new infrastructures, and private housing projects are forming the skylines of Vietnamese cities. The market for the construction … Continued
Tourism is one of the fastest-growing industries in Vietnam. The travel industry in the country has been greatly elevated by an increasing number of foreign visitors coming every year. In 2019 alone Vietnam’s tourism industry hit an all-time high with over 18 million tourists entering the country (1). The open policy and the government’s effort … Continued
In accordance with Commercial Law in Vietnam, a foreign investor or legal entity is allowed to establish a representative office in the country. Currently, more than 10,000 foreign representative offices can be seen in Ho Chi Minh City and almost the same numbers of can be found in Hanoi, Dong Nai, and Binh Duong. Representative … Continued
Vietnam’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year,– a slight increase despite the COVID-19 pandemic (according to the ministry of trade). However, in the crisis, the Vietnam textile industry still saw positive development as the country surpassed Bangladesh in 2020 and became the … Continued
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