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Vietnam has been considered the emerging star of the Asian hi-tech industry thanks to significant foreign investment from multinational businesses such as Samsung, Microsoft, Intel, Jinko Solar Technology, AT&S, LG, and others. The Vietnamese government has developed several significant criteria to attract hi-tech businesses to enter the country, resulting in a wave of foreign investment … Continued
In the last five years, Vietnam has seen a tremendous digital transition, resulting in significant IT industry growth. This beneficial transformation has compelled Vietnam to integrate internet-related industries into its economy. As a result, numerous multinational firms are setting up shops in Vietnam, helping the country’s information technology market grow. According to the German-language business … Continued
The Ministry of Information and Communications (MIC) has set ambitious goals to make the 5G network available across Vietnam by 2022. Moreover, it also aims to increase the number of digital enterprises set up in Vietnam from 58,000 to 100,000 by 2025. Several telecom operators have been granted licenses by MIC to provide 5G technology … Continued
The Vietnamese economy has burgeoned into one of the world’s strongest economies thanks to its stable political and influential macroeconomic environment. Since the late 1980s, its Doi Moi reform policy has employed a range of measures to foster its attractiveness to foreign investment and develop a resilient economy. Hence, doing business in Vietnam is a … Continued
Overview Experts say that Vietnam is on track to become Southeast Asia’s investment hotspot. Its central location in Southeast Asia, rapid industrialization and urbanization, stable development rate, continuous innovation, socio-economic objectives, and increased economic integration are all major catalysts. With ambitious goals to attract half of Fortune 500 by 2030, Vietnam might become one of … 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
As an emerging market, Vietnam provides fantastic opportunities to entrepreneurs looking to time the market and fill the market gaps. This article has been written by our editorial team which has drawn on the experience of our business consulting team baked by market reserach and pinpointed certain areas that we recommend for small business owners … Continued
With Vietnam’s fast-growing economy and its integration into the global supply chain, foreign investors are progressively investing in this alluring country to pursue more profits. The multiplying investments also mean the increasing number of company incorporation in Vietnam, especially over the past decade. In Vietnam, it is possible to establish a company with 100% foreign … Continued
As the worldwide economic output pivots towards Asia, Vietnam is in the process of becoming the new “World’s factory” and center for the tech industry. Political stability, economic reforms, and continued economic growth are factors, however, the low cost of operating is one of the most attractive selling points attracting foreign investors to this dynamic young economy.
Vietnam has transformed itself from one of the least developed regions in the world into one of Southeast Asia’s most prosperous economies over the past three decades. Ho Chi Minh City (HCMC), a fast-growing, young, and vibrant city in southern Vietnam, wholly represents the country’s dynamic business landscape. Jones Lang LaSalle (JLL), a real estate … 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
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
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