Mar. 29 – Asia Briefing has just released the inaugural edition of its regional business guide “Doing Business in Vietnam” – offering business-minded individuals an up-to-date reference source for all of the key issues concerning setting up and successfully operating a business in the country.
Earlier in its development process than many countries, Vietnam is learning from other countries’ reform experiences and utilizing its late mover advantage in technology introduction. As labor costs rise elsewhere, many investors look to Vietnam, where labor costs are, for example, estimated to be 50 percent lower than China.
With a reasonably steady 7 percent average annual GDP growth over the last decade, Vietnam is nimble as it continues to shape its market-oriented socialist economy, and major foreign investors continue to prioritize their investments into the country. Coca-Cola, for example, has said that it plans to invest US$200 million in Vietnam by 2013, adding onto its US$280 million investment over the past 10 years. Many SMEs are following in step, acting on the business potential that Vietnam holds for companies of all sizes and a variety of industries.
This book aims to assist foreign investors in understanding the business environment of the country, including reasons to invest and challenges for which to prepare. We will help you navigate the legal investment framework and understand the relevant regions for your investment purposes so that your company can take its first steps towards handsome returns.
With content available through few other English sources, “Doing Business in Vietnam” is an accessible and engaging compilation of the practical information you need for doing business in the region.
Asia Briefing’s new book, “Doing Business in Vietnam,” is immediately available as a PDF download on the Asia Briefing Bookstore, priced at US$50.
Preface: Why Invest in Vietnam?
1. Introduction to Vietnam
- Vietnam’s Economy
- Foreign Direct Investment in Vietnam
- Vietnam in Context
2. Conducting Business in Vietnam
- Setting up a Business
- Banking and Finance
- Human Resources and Payroll
3. Vietnam’s Regions
- Northwest (Tay Bac)
- Northeast (Dong Bac)
- Red Delta River (Dong Bang Song Hong)
- North Central Coast (Bac Trung Bo)
- South Central Coast (Nam Trung Bo)
- Central Highlands (Tay Nguyen)
- Southeast (Dong Nam Bo)
- Mekong River Delta (Dong Bang Song Cuu Long)
This guide was written in collaboration with Dezan Shira & Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in Vietnam as well as China, Hong Kong, India and Singapore. In Vietnam, the firm maintains offices in Hanoi and Ho Chi Minh City. For more information on conducting business in the country, please contact firstname.lastname@example.org, visit www.dezshira.com, or download the firm’s brochure here.
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