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» Guide to Doing Business in Vietnam

Wish to learn everything you should know about doing business in Vietnam in an hour or so: market potential, laws and regulations, tax, accounting and finance matters, etc.?

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» Our full hands-on market entry support

Vietnam's seemingly strong market dynamics tempts you to enter the market; yet you are still unsure of the proven potential, market structure, and/or the specific next steps to take.

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» Our briefings of industry sectors

You have no idea what the underlying market or industry looks like? You want to have an an essential briefings of certain industries to make a decision on which industries to enter Vietnam market.

ABOUT VIETNAM

Many foreigners have been lured into doing business in Vietnam for its numerous favorable characteristics over regional peers. Economically, Vietnam is the fastest growing economies in South East Asia. Geographically, Vietnam has such a strategic, central location, which represents a key advantage from the logistics perspective, enabling the Vietnamese operation to be the regional hub in airways, seaways, and roadways. Demographically, Vietnam has a golden population of 95 million, with median age of 31 ... Find out more »

WHY VIETNAM


KEYS TO YOUR SUCESS

Below are the keys to your success in Vietnam:

  • Be well-prepared and well-planed for the market entry.

  • Check different sources of advice and info due to high inconsistency of these sources.

  • Should have access to a reliable local contact whether directly or through referral.

  • Do use advisors or professional firms for essential services rather than do it yourself.

  • To secure these keys, please explore our INSIGHTS from the menu.

SUCCESS STORIES



 


TOP 5 THRIVING BUSINESS SECTORS IN VIETNAM

Vietnam is increasingly becoming a top destination country for doing business and investing and catching closer attention from foreign entrepreneurs and multinationals/ international firms. Various corpporate groups can be interested in different business sectors, but below are what we believe the top 5 thriving business sectors from our local perspectives. Below are only briefings; for more comprehensive pictures, we strongly encourage you to visit here

  1. Retail

    Vietnam’s retail sales has grown dramatically over a long period of time, maintaining a 5-year CAGR of 17.6% (2010-2015) despite the economic slowdown in these years, to reach almost US$110bn in 2015. In particular, modern retail is growing extremely fast, though notably in big urban areas, and is taking up an increasing portion of total retail sales. The emergence of the modern retail formats and the participation of foreign retailers have brought a breath of fresh air and greatly changed the face of retail in Vietnam….

  2. Food & beverage

    Food and beverage sector is considered among the rising sectors in Vietnam thanks to its 94-million-population emerging market and its relatively fast GDP growth for years. The emergence of retail systems together with changing consumption habits shows a promising market for the F&B retail and processing. In 2013, Vietnam’s agrofood market was worth over USD 60.1 billion, accounting for 40.5% of the total consumption of the country….

  3. Health supplements

    The health supplements (also known as functional foods  or dietary/ nutritional supplements) sector is a nascent sector, yet among the fastest growing sectors over the past serveral years, with an average annual growth rate of 20%. In 2015 total market value was approximately US$1.1 billion. Foreign brands tend to be positioned in the premium segment to attract mid-high end consumers while local brands generally concentrate on the mass market….

  4. E-commerce & E-payment

    For a developing country, Vietnam has a fairly developed IT infrastructure and has a high penetration of internet usage, among the world top 20 countries with high internet users. There are currently 35.4 million eCommerce users in Vietnam (2017), with an additional 6.6 million users to be shopping online by 2021. These 42 million eCommerce users will represent 58% of the total population. The average user spends 62 USD online, which will grow to 96 USD by 2021.

  5. Agribusiness

    Agribusiness continues to play a considerable role in Vietnam’s transition to a market-based economy, despite its shrinking portion in GDP (18.1% in 2015, compared to 16.1% in 2014). Vietnam’s strength in agricultural output is built upon a large rural base where farm and agribusiness labor accounts for 44.3% of the workforce and 65.7% of the population is located in rural areas (2015). Major agribusiness sectors of Vietnam include aquaculture (seafoods), horticulture (crops), agro-chemicals, etc.

Vietnam Business News

A city of more than 10-million population. A unique start-up culture, great value, a fine climate and a solid entrepreneur community; yet the hiring process can come with many pitfalls, which may put your managerial skills to the test. A real city for bootstrappers, getting your business up and running comes with limited overheads. A young, fast and vibrant country with a fierce work ethic and a strong motorbike culture.