Blog - Vietnam Office

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Blog: Vietnam Office

How Big and Promising is the Vietnam Pharmaceutical Market?

In Vietnam, the pharmaceutical market is one of several sectors that contribute to the country’s economic developments. With a population of 96 million people, this industry shows positive growth. In the last decade, the government has increased the number of imported drugs. This fact changes not only basic regulations about distribution but also advertising. In …

How to Open a Coffee Shop in Vietnam

The coffee shop market in Vietnam is booming, especially in the larger cities such as Hanoi, Ho Chi Minh City, Danang, Hue, Hoi An and others. Thus, for many entrepreneurs, there’s never been a better time to start their own coffee shops, one of the best business ideas in Vietnam. It’s no surprise that the …

Can Foreigners Enjoy Retirement in Vietnam?

Who does not want to retire in Vietnam? With its diverse culture and landscape, warm climate, delicious cuisine, and inexpensive living cost, Vietnam has remained one of the top countries for foreigners to retire, hoping to enjoy their golden years as much as they can. Vietnam not only offers retirees a tropical and chilling lifestyle, …

Your Quick Guide to Opening a Bank Account in Vietnam

If you want to run a business in Vietnam or know that you will be staying in Vietnam for an extended period of time, you may want to consider opening a bank account in Vietnam to ease the transaction and avoid excessive bank fees. The Vietnamese government provides a wide range of banking to foreigners …

An Introduction to Energy Market and How to Set up This Business in Vietnam

Many investors have been eyeing Vietnam as the perfect energy market to invest in recently. It is estimated that the energy market will bring in more than US$150 billion investments over the next 10 years to keep up with the climbing energy demand. Apart from the main energy resources, the Vietnamese government puts in an …

Your Guide to Compliance Deadlines in Vietnam for 2020

Running a successful and sustainable business in Vietnam means that your business must comply with all related accounting and tax laws and regulations in the country. The most important part that you have to pay attention to for accounting law compliance is the deadlines. Missing the tax and accounting deadlines will jeopardise your business tremendously. …

Setting up an English Language Center in Vietnam: A Quick Guide

A great number of people, particularly foreigners, are setting up their own English language centers in Vietnam. It is not hard to see why — there are more and more Vietnamese aspire to learn and master English, making English language centre a huge business when it comes to starting a business in Vietnam. The majority …

How do You Set up a Travel Business in Vietnam?

When talking about starting a business in Vietnam, it would be a good idea to start a travel business. According to the Tourism Annual Report published by Vietnam National Administration of Tourism (VNAT) in 2018, there was a 19.9 % increase of international visitors in Vietnam compared to the previous year, with a total global …

How Do You Calculate Your Foreign Contractor Tax in Vietnam?

Foreign contractor tax (FCT) is a specific kind of tax in Vietnam. The tax applies to foreign contractors, entities or individuals, who perform business activities and receive income in Vietnam. FCT is not a separate tax but it combines corporate income tax (CIT) or personal income tax (PIT) and value added tax (VAT) for the …

How to Get a Work Permit to Teach English in Vietnam

There are plenty of English teaching opportunities in Vietnam and the country is considered one of the most popular ESL teachers hubs in the world. Therefore, it is relatively easy to get a job as an English teacher in Vietnam, particularly for native English speakers. In addition to the abundant career opportunities, the cost of …

What to Know about Foreign Investment in Vocational Institutions in Vietnam

Decree No. 15/2019/ND-CP or Decree 15 was announced effective on March 20, 2019 by the government regarding foreign investment in the vocational education sector in Vietnam. This recently issued regulation has introduced new requirements for foreign investors with detailed instructions on Vocational Education and Training (LOVET). This regulation is expected to bring in more foreign …