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A recent Google research indicated that the coronavirus pandemic had accelerated the Vietnam digital economy. The digital economy in Vietnam expanded by 16% in 2020, amounting to US$ 14 billion. The research further estimated that the growth would continue until 2025 with an amount of US$ 52 billion. Prior to the COVID-19 episode, 3.1 hours …
On November 20, 2019, Vietnam’s National Assembly adopted the New Labor Code. The New Labor Code replaced the 2012 Labor Code starting January 1, 2021. The implementation of the new law will undoubtedly create a strong foundation for the federal government, employees, and the representative organizations of employers towards equal rights for all parties involved …
Companies or individuals who are interested in undertaking business activities and setting up a company in Vietnam have to know that legal entities come in different sizes. In Vietnam, the most typical company sizes are a micro company, a small company, and a medium company. Each company size must meet specific criteria according to the …
Vietnam is popular for its status as an ideal investment and business destination to foreign investors. The country is located right in the heart of Southeast Asia. It also shares borders with the new economic giant China, not to mention its proximity to international shipping routes and other big markets in Asia. In addition to …
A certificate of origin is an important document when doing business in Vietnam because it is required for international trade and shipments under the national law. The certificate indicates where the goods concerned are produced or manufactured. And with that information, traders must comply with the legal and administrative regulations, and trade policies based on …
A certificate of origin is an important document when doing business in Vietnam because it is required for international trade and shipments under the national law. The certificate indicates where the goods concerned are produced or manufactured. And with that information, traders must comply with the legal and administrative regulations, and trade policies based on …
Can a foreigner buy a house in Vietnam? The Vietnamese Law indicates that foreigners or foreign entities can rent, buy, inherit, or receive project-based commercial houses, but not in locations that are prohibited for foreign house ownership. Foreign entities include foreign enterprises foreign representative offices, branches of foreign banks in Vietnam, and foreign-invested funds companies. …
Currently, there is a strong demand for Information Technology (IT) professionals in Vietnam due to its flourishing digital and IT landscape. In 2019, companies in Vietnam required approximately 63,000 IT positions to be filled, especially in areas such as data science, artificial intelligence, cybersecurity, and big data. This great number of demand grew 56% than …
Foreign investors understand that Vietnam offers fascinating business and investment opportunities. Among all, trading companies are the ones many foreigners choose to set up due to the friendly policies and the trade agreements between Vietnam and other countries. We will elaborate on how you can start a trading company in Vietnam in this guide. Requirements …
Vietnam’s construction business has seen a significant growth over the years with an average annual growth recorded at 9.7%. The output value of the construction industry in Vietnam is forecast to expand up to 2024 with more and more investments in manufacturing, energy, and transport infrastructure. The Vietnamese government also continues to encourage more foreign …
The unprecedented disruption caused by the COVID-19 pandemic has no doubt affected the economy of every country, and Vietnam is one of them. The General Statistics Office of Vietnam reported that Vietnam’s GDP declined by 3.8% in the first quarter of 2020. However, this is not bad news for investors. On the contrary, this environment …
Time has changed and the way we work is also transforming tremendously. Thanks to the advent of internet and communication technology, starting a business in Vietnam without an office is not only possible but also beneficial. In this article, we will show you some of the advantages of starting a business in Vietnam without an …
