Before investing in Vietnam, investors should check whether their business type is on the list of prohibited business sectors in Vietnam. According to Decree 31/2021/ND-CP, Vietnam has identified 25 sectors and industries where foreign investors are not allowed to access the market. Below is the list of these restricted sectors: Trading goods and services [...]
Procedures for Foreign Investors to Build a Factory in Vietnam 1. Investment Procedures Obtain an Investment Registration Certificate (IRC) (if required). Establish a business: Register for an Enterprise Registration Certificate (ERC). Obtain Investment Policy Approval (if the project requires approval). 2. Land and Construction Procedures Lease or acquire land within or outside industrial zones. [...]
New ports and improved shipping infrastructure is being planned in order for Vietnam to deal with the rising export demand.
Vietnam’s total exports to Japan reached USD 11.38 billion in the first six months of 2022, up nearly 13% over the same period last year, according to the General Department of Customs. Moreover, businesses in Japan that are likely to get government subsidies are looking forward to entering the mushrooming market of Vietnam. This will [...]
Among Southeast Asia’s fastest-growing consumer markets, Vietnam offers favorable conditions for the development of the luxury goods landscape. Big brands of luxury jewelry and watches have recently started to flock to Vietnam taking advantage of the rapid urbanization and economic growth in the country. Pandora Group, for example, is planning to set up a factory [...]
In the era of globalisation and international trade, businesses face numerous challenges while setting up operations in different countries. One of the major challenges is importing goods into a new host country, like Vietnam. The traditional strategy of incorporating a company, getting an import license and registering your products in the country can take anywhere [...]
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