In the first-ever episode of the Talking ASEAN podcast series, Dezan Shira & Associates’ Dustin Daugherty and Max Brown provide a country-by-country prediction of ASEAN’s foreign investment future. As part of this, the recent progress and prospects for the Vietnamese economy are evaluated in a regional context.
Takeaways for Vietnam
Vietnam is perfectly positioned in Asia as a low-cost and close proximity alternative for Chinese manufacturers, which are increasingly pressured to counter rising costs through outsourcing. Within closer reach than regional rivals and producing greater value than regional counterparts, Vietnam has emerged as a hub for manufacturing in the region. Resulting investment inflows have in turn propelled incomes and sparked a significant uptick in consumer spending in recent years. In 2017, Vietnam is projected to continue on its path of growth and competitiveness with expectations for the following developments:
- 6.7 percent target headline growth with key sectors such as IT projected to see strong gains.
- Sustained levels of foreign direct investment from a variety of investors including manufacturers coming from China
- Continued progress towards regulatory clarity and business competitiveness through the issuance of guiding circulars
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email firstname.lastname@example.org or visit www.dezshira.com.
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Dezan Shira & Associates Brochure
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.
An Introduction to Doing Business in Vietnam 2017
An Introduction to Doing Business in Vietnam 2017 will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam. Compiled by Dezan Shira & Associates, a specialist foreign direct investment practice, this guide explains the basics of company establishment, annual compliance, taxation, human resources, payroll, and social insurance in this dynamic country.
Managing Contracts and Severance in Vietnam
In this issue of Vietnam Briefing, we discuss the prevailing state of labor pools in Vietnam and outline key considerations for those seeking to staff and retain workers in the country. We highlight the increasing demand for skilled labor, provide in depth coverage of existing contract options, and showcase severance liabilities that may arise if workers or employers choose to terminate their contracts.