How to Set Up in Vietnam
Vietnam’s economy continues to perform well, sustained by continued domestic reforms, a stable government, and the diversification of foreign direct investment in the country.
GDP growth in the country is broad based, sustained by strong manufacturing growth and bolstered by a strong external demand.
Vietnam’s medium-term outlook continues to be strong, and despite a slack in the economy, inflation is expected to remain around 4 percent of the government target.
With such growth, it makes sense that new market entrants see Vietnam as a good opportunity to establish in Asia or diversify their regional presence. But setting up in a new country requires some planning.
Foreign investors can reduce potential pain points by selecting a corporate structure that best suits their business model, understanding the set up process, and planning for key compliances.
This is an exerpt from an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.