Vietnam SME: The Road to Business Success
Reading Time: 4 minutesThe Vietnam SME covers micro, small, and medium-sized enterprises, classified by criteria such as field of operation, registered employees under state social insurance, and financial factors like annual revenue and capital.
These businesses, including medium-sized enterprises in Vietnam, remain vital, constituting 98% of all enterprises, contributing 40% to GDP, and supporting well over half of the country’s employment. The SME sector experienced significant growth in 2016, with an estimated 100,000 new businesses, most of which were largely propelled by government initiatives and reforms.
Understanding on How to Acquire a Vietnam Temporary Residence Card (TRC)
Reading Time: 6 minutesForeign individuals seeking to enter Vietnam for an extended period, often in conjunction with a work permit, must familiarize themselves with the Vietnam Temporary Residence Card (TRC) to facilitate their stay. This official document, issued by the Immigration Department of the Ministry of Public Security/ Immigration Office of the Police Department, serves as a crucial means of legalizing one’s stay in Vietnam. To acquire a TRC, applicants must meet specific requirements and submit the necessary documentation, thereby ensuring a smooth and uninterrupted stay in Vietnam. Let’s take a better look at how the process unfolds in its entirety.
Top Things to Consider When Buying a Business For Sale in Vietnam
Reading Time: 6 minutesIf you’re looking to buy a business in Vietnam, you have come to the right place for proper guidance on that. Due to its economic growth, young population, abundant natural resources, and strategic location, Vietnam poses as one of the most attractive locations for foreign investors in Southeast Asia.
However, buying a business in Vietnam is not a walk in the park, and involves considering many factors that would help you make the best decision. In this article, we will be sharing some of the top things that you should consider before buying a business for sale in Vietnam. These are:
Essential Guide to Tax Incentives in Vietnam for Foreign Investors
Reading Time: 5 minutesNestled in the vibrant heart of southeast Asia, Vietnam beckons foreign investors with an irresistible allure of economic dynamism, breathtaking landscapes, and a treasure trove of tax incentives. As one of the fastest-growing economies in the region, Vietnam has carved a niche for itself as a prime destination for ambitious entrepreneurs seeking to expand their global footprint.
How To Apply For Vietnam Work Visa to Do Business Successfully in Vietnam
Reading Time: 4 minutesAs one of the fastest developing countries in Asia and the world, Vietnam is a favorable place to do business, attracting both foreign investment and workers. Even in the face of the global post-COVID-19 economic slump, Vietnam’s economy continues to grow, with a GDP growth of 8.02% from 2021 to 2022 alone.
How to set up a Vietnam Representative Office easily?
Reading Time: 4 minutesIf you’re thinking about growing your business in Vietnam, establishing a Representative Office (RO) can be a wonderful place to start. A RO acts as a liaison office and is not permitted to engage in commercial activity; yet, it can be a fantastic tool to explore a new market, perform research, and assess potential before forming a firm.
How will RCEP Vietnam (Regional Comprehensive Economic Partnership) benefit businesses in Vietnam?
Reading Time: 5 minutesIn an economically turbulent world, developing countries must strive to find alternatives for economic sustainability. With a trade war between the USA and China imminent, it has become imperative for other Asian countries to find sustainable means of economic growth and stability.
The Regional Comprehensive Economic Partnership agreement took effect at the start of 2022, potentially benefiting member nations, including Vietnam, and the global economy.
How To Calculate Vietnam Import Tax For Businesses In Vietnam?
Reading Time: 5 minutesVietnam is a rapidly developing economy and an attractive destination for many businesses around the world. However, one aspect of doing business in Vietnam that can be challenging is understanding and calculating the import tax.
Import taxes are taxes levied on items brought into Vietnam from other nations. Several variables, including the kind of goods, their cost, and the country of origin, may influence the rate at which import tariff is charged.
Detailed Guide On The Value Added Tax In Vietnam For Business Owners
Reading Time: 5 minutesValue Added Tax applies to goods and services and differs from one country or state to another. Every income-earning organisation in Vietnam is subject to VAT payment on revenue made from selling their products and services in Vietnam.
What Are The 5+ Advantages Of Doing Business In Vietnam?
Reading Time: 5 minutesVietnam is a promising location for businesses with worldwide ambition. Its financial sector keeps expanding quickly, supported by a closely regulated business setting, Vietnam has emerged as a top investment destination in Southeast Asia, particularly for people from other countries. To operate a successful business in Vietnam, you must adhere to their policies, guidelines, and safety rules.
In this post, we’ve outlined the advantages of doing business in Vietnam so that you can identify them before delving into the Vietnamese marketplace. Learn more about the advantages of doing business in Vietnam in the sections below!