Asia Briefing Releases New Doing Business in Vietnam Guide
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.
Doing Business in India (Second Edition)
This book aims to provide a basic overview of all topics related to doing business in India – history, business etiquette and culture, and how to invest into the country, in addition to a detailed, state-by-state demographic and geographic overview and a comparison with China.
Doing Business in China
The successor to our “China Business Bible,” this new, completely updated 156-page book covers all aspects of business in China, from the different types of legal structure, the full tax implications, human resources and labor issues, including cost analysis, intellectual property matters, a complete overview of China’s free trade and development zones, and on-going compliance issues such as tax filings and license renewals, audit and closure issues.
The Asia Tax Comparator
Asia Briefing devotes this issue of China Briefing to providing a practical comparison of taxation throughout Asia. In particular, this issue takes a look at the taxes most applicable to foreign businesses and individuals in Asia, i.e., corporate income tax, value-added tax, goods and service tax, standard tax on dividends and individual income tax.