The Vietnamese government has streamlined the merger and acquisition (M&A) process to encourage investment in new sectors of the economy. And for foreign investors that see establishing a business in Vietnam as too cumbersome, the M&A route provides a unique solution to many obstacles. With an M&A, investors can enjoy preexisting access to consumers, locations, and distribution channels. […]
Vietnam is an attractive market for pharmaceuticals. It is estimated that the country imports around 60 percent of total demand for this product. The development of this sector is forecast to attract US$100 million of investment throughout the industry and increase the pharmaceutical market value by up to US$27.6 billion, according to accounting firm KPMG. […]
Vietnam amended the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam (the Immigration Law) which came into force on July 10, 2020. While the law came into effect in July, Vietnam has barred the entry of foreigners and suspended regular commercials flights since March 25 due to COVID-19. However, Vietnam has allowed the entry of diplomats, foreign […]
Vietnam’s coast along the South China Sea makes it prone to typhoons. While this geography makes the country ideal for trade and supply chains, seasonal typhoons often cause infrastructural damage, which disrupts business as usual. In August 2020, for example, two people were killed due to tropical storm Sinlaku, which slammed into Vietnam’s northern coast, […]
Following four decades since the end of the Vietnam War, Vietnam’s relationship with the US has changed significantly. After the Vietnam War in 1975, the US and Vietnam announced normal diplomatic relations on July 11, 1995. This year in July, the US and Vietnam commemorated 25 years of diplomatic relations – with the US congratulating […]
On July 10, 2020, the United Nations released its E-Government Survey 2020. With an overall score of 0.66 on the E-Government Development Index (EGDI), Vietnam moved up two places from last year and was ranked 86th among 193 member states. Though Singapore, Malaysia, Thailand, Brunei, and the Philippines scored higher, Vietnam has so far already made […]
Following four decades since the end of the Vietnam War, Vietnam’s relationship with the US has changed significantly. After the Vietnam War in 1975, the US and Vietnam announced normal diplomatic relations on July 11, 1995. This year in July, the US and Vietnam commemorated 25 years of diplomatic relations – with the US congratulating […]
Company chops in Vietnam play an important role and ensure the authenticity of the document. Their use cannot be understated, and its usage gives legitimacy to a signature on a document. Vietnam Briefing explains the use of the company seal and its importance in business transactions. In Vietnam, an official company seal or chop is […]
Vietnam’s National Assembly recently codified the provisions on public-private partnership (PPP) projects into law. Set to take effect on January 1, 2021, the new PPP Law reduces uncertainty from other laws or decrees that may apply in a given situation. The following article provides a brief overview of some of the key changes from the […]
Riccardo Benussi will lead Dezan Shira & Associates’ business development efforts in the European Union (EU) from his new base in Munich, Germany. From this location and in his new capacity, Dezan Shira & Associates, a leading foreign direct investment professional services firm in Asia, will be able to expand its reach, address client needs, […]
With countries around the world ordering their citizens to stay at home to fight off COVID-19, the gaming and e-sports (or electronic sports) industry has taken off. However, even before the pandemic, there were expectations that gaming would grow exponentially – not only in developed regions but also in fast-developing countries like Vietnam. This article looks […]
While Vietnam has several legal structures that can be used as a necessary building block to a successful Vietnam sourcing strategy, it can often be difficult for companies (particularly those new to Vietnam) to decide on the optimal solutions needed to support their mainland sourcing activities. With so many quality control and trading agents available offering one-stop sourcing services and […]