Vietnam: One of the Most Promising Startup Hubs in Southeast Asia
Startups in Vietnam have continued to grow exponentially. Here are insights into Vietnam as the most promising startup hub in Southeast Asia.
Company Registration
Should You Establish an LLC or JSC When Entering Vietnam?
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
Entrepreneurship in Vietnam influencing the startup culture in Southeast Asia
With a thriving entrepreneurial environment and booming startup culture, Vietnam is often equated to Southeast Asia’s Silicon Valley. Backed by a young, qualified and well-educated labor force, entrepreneurship in Vietnam has witnessed an unprecedented rise, which is especially evident in the tech industry. Since 2017, Vietnam has measured a total of 39,580 startups. In this … Continued
Converting a Local Company in Vietnam into an FDI Company: An Introduction
Vietnam offers a stable macroeconomic and political climate with a potential for strong economic growth and an increasingly prosperous consumer market. During the last decade, the country’s economy has grown at an average of 7.2% annually and has successfully drawn FDI worth USD 15.8 billion in 2020. Moreover, to boost economic activities in the country, … Continued
How to Set up a Travel Business in Vietnam: Latest Regulations
With a growing number of foreign travelers flocking to this beautiful country every year, Vietnam’s tourism industry has witnessed an unprecedented boom. With the number of visitors crossing the 18 million mark in 2019, the government’s proactive efforts to boost tourism are expected to further bolster the travel sector. The tourism industry presents a wide … Continued
Can Foreigners Enjoy Retirement in Vietnam? (2022 Update)
Thinking about retiring but not sure where to settle down? With its rich culture and landscapes, temperate climate, wonderful cuisine, and low living expenses, Vietnam has remained one of the top locations for international retirees seeking to make the most of their golden years. Vietnam not only provides seniors with a fulfilling yet budget-friendly lifestyle. … Continued
Market Entry Vietnam: Tips to Enter South East Asia’s Fastest Growing Economy
Vietnam’s middle class is pivoting toward a contemporary consumer-driven lifestyle, providing an opportunity for foreign investors to enter Vietnam’s evolving market.
Is Local Nominee a Safe Way to Start Business in Vietnam?
A local nominee appointment in Vietnam is a significant component for foreigners who want to do business in the country. Often, the local nominee is appointed as a company shareholder to shield the actual owner’s identity, meaning foreign investors can get involved in business sectors that have restrictions regarding foreign investment. Many foreigners have favored a … Continued
A Guide to Using a Nominee Shareholder to Start a Business in Vietnam
Due to some restrictions when it comes to certain sectors of the Vietnamese economy that are closed to foreign investment, using a nominee shareholder is a viable option. In essence, it gives a foreign investor access to a sector in Vietnam that is normally closed to foreign investment via nominating a local shareholder, whose name … Continued
Starting an E-Commerce Business in Vietnam: Why and How
One sure thing about Vietnam is that it is a very young country going through a golden population period with most of its people under 30 years of age. Vietnam is also a fast growing online shopping markets, as one of the world’s fastest growing e-commerce countries with approximately 50 million Internet users, and a … Continued
Restrictions for Representative Office in Vietnam
One of the legal entities that a foreign company or a foreign investor can establish in Vietnam is a representative office. This type of company formation is an effective way for foreign companies or investors to observe and analyze the local market before committing to a full market entrance into the country. Find Out About … Continued
A Step-by-step Guide to Setting up a Business in Vietnam
Vietnam had an average economic growth of about 6-7% at pre-pandemic levels, and expected economic growth at similar rates is projected well into the year 2026 according to Statistica. By the year 2036, the size of the Vietnamese economy is expected to surpass Singapore’s, becoming the second-biggest economy in Southeast Asia. However Vietnam is still … Continued