Is Apple About to Set-up Company in Vietnam?

In the August 2015 work plan of the Ho Chi Minh City People’s Committee, it has been recently revealed that a section to review the registration of a company named Apple Vietnam company limited. Is it the American multinational teconology company with its famous products i.e. Mac, Ipod, Iphone, Ipad, Apple watch…about to set-up company in Vietnam to promote and distribute its own products i.e. the upcoming Iphone 6s, and Iphone...

Read More

Risk Management Necessity in Vietnam?

As Vietnam further integrates into the world business, more investors are eyeing Vietnam for investment. As part of investment due diligence, risk management are always well considered before foreign investors decide to do business with Vietnam partners. In any parts of the world inluding Vietnam, risk is an inevitable factor in business operation activities; higher return is always accompanied by higher risks. Coping and managing risk is an...

Read More

Vietnam is Increasingly Attracting Capital from the US

Vietnam is taking every opportunity to grow its economy and improve the living standard. This is not a vain dream since Vietnam has young and plentiful work force. That is why multinational companies wish to come and set up company in Vietnam. Japan Increases Investment in Vietnam in Finance and Services Why Japan Investors Invest in Vietnam The year 2015 marked the 40 years since the war end and the 20 years of normalized the relationship...

Read More

WSJ: “Made in Vietnam” Goods will Soon Popular Globally

Numerous foreign investors relocating factorties to Long An (Vietnam) to set up business and take advantage of young and low cost workforce. This province has a dozen industrial zones. As of May 2015, they have attracted 3.67 billion USD foreign investments, 40% of which is poured into textiles sector. The economists said that this process could accelerate if the Trans-Pacific Partnership agreement (TPP) is agreed. This agreement will reduce import...

Read More

U.S Company Plan to Invest in Vietnam’s Railway Infrastructure

At the meeting with the Vietnam Railway Corporation on September 21st, the National Standard Finance – NFS has proposed investment plans to create large-scale infrastructure assets with investment value of up to 2 billion USD/transaction. The investment models could be: PPP, DBFOT, DBOT or BOT… Two important tasks that must be performed by the Vietnam Railway Corporation from now until 2020 are to modernize the existing railway lines, along with...

Read More

Tax Service

Tax in Vietnam is a complicated problem and is one of company’s big concerns in business operation. According to Vietnam Law on Tax Administration, tax registration and tax declaration are two of core obligations. For tax registration, Law on Tax Administration determines that tax registrants include: business organizations, households and individuals; individuals who have incomes liable to personal income tax; organizations and individuals responsible...

Read More

Nielsen: Vietnam Is a Land of Potential Opportunities

According to Nielsen, Vietnam consumers is the motivation for economic development as they are willing to spend more and are also living in the lands of the potential opportunities. By 2020, Vietnam middle class will grow double, from 12 million people in 2014 increased to 33 million people in 2020. Vietnam is among the top countries with the most optimistic consumers in the world, with more income and more spending. The percentage of increasing...

Read More

Vietnam Is a Land of Potential Opportunities

According to Nielsen, Vietnam consumers is the motivation for economic development as they are willing to spend more and are also living in the lands of the potential opportunities. By 2020, Vietnam middle class will grow double, from 12 million people in 2014 increased to 33 million people in 2020. Vietnam is among the top countries with the most optimistic consumers in the world, with more income and more spending. The percentage of increasing...

Read More

Samsung Expands Investment in Vietnam

With the success of Samsung Electronics in Vietnam, many other members of the Group has also interested in expanding investment in Vietnam in such fields as energy, insurance. As reported by the General Director of Samsung Vietnam, the business activities of Samsung Electronics have performed well. Until May 2015, the total workforce working in the factories of Samsung in Bac Ninh and Thai Nguyen are more than 100,000 people. Due to many new...

Read More

Vietnam Personal Income Tax Laws Foreigners Should Know

As the deadline for declaring Personal Income Tax (PIT) is approaching, we are reviewing some tax laws in Vietnam that foreigners working and earning in Vietnam should know and comply. Law No. 71/2014/QH13 dated 26 November 2014 issued by Vietnam National Assembly amending five tax laws including Law on Personal Income Tax (“PIT”) and Law on Tax Administration provides with regulations on PIT finalization. Vietnamese Government further issued...

Read More

Why Japanese Are Interested in Da Nang?

There are many advantages in geographical location, low labor costs, open investment environment… have made Da Nang becoming more and more attractive to Japanese investors. The cooperative relation between Da Nang and Japan has already had a solid foundation and are in the best development stage… Previously, many Japanese investors are often interested in Hanoi or Ho Chi Minh City (HCMC) but recently they have been paying much attention to Da...

Read More

Vietnam: The Potential Destination for Venture Capitals

If we see the business, the attention of Venture Capitals (VCs) and foreign investors are the indication then Vietnam is emerging as a potential environment for the startup operation. Besides the investment funds that have been presented in Vietnam as IDG Ventures Vietnam, a number of new VCs have joined the Vietnam entrepreneurship ecosystem and are very optimistic about the ahead opportunities. On August 2015, the Captii Ventures owned...

Read More

Vietnam Reduce Visa Granting Fee to Attract Investment

Vietnam visa fees have been revised to make easy for the foreigners entering Vietnam.  This is expected to increase tourists and facilitate the investment. The Ministry of Finance has issued Circular 157 regulate the fees for granting passport, visa and papers on entry, exit, transit and residence in Vietnam. Accordingly, from the date of November 23rd 2015, the new fees related to the entry of foreigners, overseas Vietnamese...

Read More

Industrial Park Welcome the “Wave” of Investment from TPP

Trans-Pacific Partnership (TPP) between the 12 members, including Vietnam, has recently concluded negotiations after more than 5 years of hard working. Before that, many enterprises with foreign direct investment (FDI) have come to establish factories and business in Vietnam to prepare for the economic benefits that TPP brings. According to Long An Economic Zone Authority (LAEZA), up to September 30th, they have received 122 investment projects,...

Read More