CONSTRUCTION & ARCHITECTURE
The need for infrastructure development of an emerging economy has driven up the demand in the construction market over the last two decades, especially in the recent years. Extension of current housing spaces to accommodate rising number of people moving to big cities, along with the establishment of industrial buildings also spurs up the market […]
OPEN BUSINESS ENVIRONMENT
By adopting Economic and Politic reforms called 'Doi Moi' and 'renovation', from one of the poorest country with per capita income around USD100 in 1986, it has increased rapidly within a quarter of century to nearly USD2,052 by the end of 2015. Vietnam has transformed from a centrally-planned economy to a socialist-oriented market economy which […]
NATURAL RESOURCE
Since it began offshore oil exploration in the 1970s, Vietnam has become a net exporter of crude oil, while gas and petroleum reserves, coal reserves, and the harnessing of hydropower electricity provide other readily available sources of power. Minerals located in Vietnam include iron ore, tin, copper, lead, zinc, nickel, manganese, marble, titanium, tungsten, bauxite, […]
SUPPORTIVE GOVERNMENT POLICY
Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors. We are doing so by vigorously renovating the business and investment climate, and by recognizing […]
ECONOMIC STRENGTH
Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector. Vietnam has achieved substantial progress in economic development following the declaration by the Sixth Party Congress, in 1986, of a broad economic reform package called “Doi Moi”, or “renovation” which […]
Labour recruitment by a Foreign Investment Enterprise (FIE)
Under the 2012 Labor Code, a FIE may either directly recruit Vietnamese employees or recruit via an authorized labor agency. The FIE is then required to register the list of recruited Vietnamese employees with the local labor department, and submit reports on the utilization of and changes to staff to the labor department on a […]
FDI INCENTIVES
What are forms of investment incentives? Investment incentives are provided in the following forms: 1.1. lower tax rates for whole duration of investment term or part thereof; exemption from and reduction of tax rates; 1.2. import duty exemption for fixed assets; and 1.3. reduction/exemption of land rental. Which projects are eligible for investment incentives? 2.1. […]
Business cost
I-Starting a Business No. Procedure Associated Costs 1 Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment $9.52 2 Make a company seal $7.85 – $17.61 for bronze seal 3 Registration of the seal-sample at the Police […]
Buying a property in Vietnam and visas
Question: Good day, I need some information about buying a property in Vietnam and visas. With the tourist visa, can I still buy a property in Vietnam? Can you give me all the information about this please? Also if it is possible to buy a property, then can I apply for another kind of visa, so […]