Blog - Vietnam

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Blog: Vietnam

What are Land Rights and How to Acquire Land in Vietnam?

The land rights in Vietnam can be complex for many people, especially for first-time foreign investors. Unlike other countries, lands in Vietnam are often owned by people conjointly and regulated by the Vietnamese government. With that being said, people are not allowed to own land legally in Vietnam. In other words, if they are interested …

The Latest Changes to Work Permit Processes in Vietnam in 2019

The Ministry of Labour, Invalids and Social Affairs (MOLISA) issued Decision 632/QD-LDTBXH on 4 May 2019. This decision addresses the changes of employment procedures governed by MOLISA. For employers, it is critical to understand your responsibilities and opportunities when recruiting and hiring workers and be aware of changes in work permit processes in Vietnam. This …

Vietnam Import Export: Your Simple Guide to Customs Procedures

With an annual GDP growth of more than 6% for almost 20 years, no wonder that Vietnam is ranked number one as the fastest-growing economies across the globe. With a more open economy, more and more investors have come to set up a company to engage in import export business in Vietnam. Setting up a …

5 Challenges of Accounting and Tax Compliance in Vietnam

Constant changes and ever-increasing complexity to the tax system as well as technology adoption in Vietnam result in challenges for the modern accounting and tax compliance when doing business in Vietnam. Due to these challenges, many companies in Vietnam are now rethinking their approach to local and even international compliance. They aim to resolve the …

Doing Business in Vietnam: What are the Challenges?

There are reasons why doing business in Vietnam becomes appealing to foreign entrepreneurs and investors. Vietnam is one of the key emerging economies in Asia these days, thanks to the economic reform and growing affluence. In the medium and long term, it’s forecast that the country’s economy will continue to grow more than 6% every …

Tax Incentives in Vietnam: A Comprehensive Guide

Vietnam has long been considered an investment paradise for foreigners due to its abundant workforce and competitive costs of lower wages. Furthermore, the country has developed one of the most competitive tax policies that stipulate tax incentives and other tax rates in Vietnam, which appease most foreigners. When being compared to other countries in Southeast …

Common Business Mistakes to Avoid in Vietnam

Business mistakes and frustration are not unusual when doing business in Vietnam. The lack of insight into the Vietnamese market has often given rise to some rather disheartening investments and business failures. As a reputable business consulting firm for so many years, Cekindo has had a lot of expertise to see what works and what …

Should You Be Investing in Vietnam?

Vietnam carries numerous traits of a tempting investment haven with its strong organic growth, surging middle population, and attractive labour costs. It is even more apparent that there will be a tremendous trade expansion after the signing of the EU Free Trade Agreement and the Trans Pacific Partnership – ready to fuel Vietnam’s economic growth …

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 looking forward to analysing the market trends in Vietnam. Thus, a representative office allows a foreign entity to gain a …

Annual Tax Return in Vietnam in 2019

We are now entering tax filing season for 2018. If you are still confused and wonder how to go about this time-consuming task, you are not alone. Hundreds of thousands of individuals and companies feel the same as you do, and annual tax return in Vietnam becomes a nightmare of many entrepreneurs. According to the …

Is Local Nominee a Safe Way to Start Business in Vietnam?

A local nominee appointment in Vietnam is a significant ingredient for foreigners who want to do their business in the country. Often, the local nominee is appointed as a shareholder of a company in order to shield the real owner’s identity; it is also used for foreign investors to get involved in business sectors that …

Should You Outsource Recruitment in Vietnam?

In Vietnam, it is important to know your opportunities and obligations when you recruit and hire people. This article will help you familiarise yourself with the labour process, employer regulations, basic hiring process in Vietnam, as well as the resources that are available for you as an employer.   Labour Conditions in Vietnam Over the …