Vietnam’s Wine Industry and Opportunities for Australian Investors

Vietnam’s resilient economy and control of the pandemic have made investors note the country’s rising economic stature. Among products that have seen considerable growth in sales over recent years has been wine. Starting from a very low level, the Vietnam wine market is booming, with hotels, restaurants, and retailers now offering a wide variety of […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam Encourages Further Singaporean Investments in Da Nang

Vietnam is eager to encourage more Singapore investments into Da Nang, as its Vice-Chairman highlighted the city’s growth plans at an online seminar organized by the Singapore Business Federation (SBF) and the Asia Competitiveness Institute (ACI)-Lee Kuan Yew School of Public Policy on May 12, 2021. Known as a provincial backwater for decades, Da Nang […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

How to Set Up an E-Commerce Business in Vietnam

With Vietnam’s e-commerce industry showing strong potential thanks to recent lockdowns due to the pandemic, as well as a rising middle class, it makes sense for companies to show interest in this fast-growing market. Most recently, the likes of several large corporations such as Alibaba have also shown interest in wanting a piece of the […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Shifting Tides: What’s Next for China, Vietnam, Singapore, and Hong Kong in 2021

Following Covid-19 and the Trade War, Asia’s economy is surpassing expectations and recovering quickly.    With a population of over 4.5 billion, the largest GDP in the world, and strong demand for high-quality products and services, Asia is an export powerhouse for many European and US businesses.  Whether it is China’s head start in economic recovery or Vietnam […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam’s Improving Business Environment Amid Pandemic: Provincial Competitive Index 2020

Despite the COVID-19 pandemic, as per the latest Provincial Competitive Index (PCI) 2020, Vietnam’s economic and investment landscape continued to move from strength to strength. The PCI introduced since 2005 is a collaborative report developed by the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID). The PCI measures 10 sub-indices: Low entry costs for business […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam – Belgium Relations: Increasing Trade and Opportunities for Investors

Over the past decade, trade and investment relations between Vietnam and Belgium have improved considerably. This has been attributed to Vietnam’s growing economy and the expansion and globalization of some Belgian corporations. Dezan Shira & Associates’ Head of European Business Development Riccardo Benussi notes, that more Belgian companies are looking to invest in Vietnam, especially with the […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

4 Factors to Consider When Relocating Your Production

Vietnam is experiencing continued and unprecedented growth relative to other low-cost countries. Foreign investors are increasingly choosing Vietnam as a China plus one destination to combat rising costs in China and other unpredictable scenarios, such as trade shocks. This strategy has acquired new value amid the US-China trade war and most recently, the COVID-19 outbreak, which have both impacted manufacturers in […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Business Etiquette in Vietnam – Customs and Tips

Vietnam has one of the oldest cultures in Southeast Asia. While national identity can be complex given Vietnam’s history, locals are proud of their language and its complexities, as well as the distinctiveness of their society and culture. The expression dat viet (Vietnamese land), for example, encapsulates the notion that Vietnamese society have an organic relationship to […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates