An Introduction to Doing Business in Vietnam 2024
Published: December 2023An Introduction to Doing Business in Vietnam 2024 provides readers with an overview of the fundamentals of investing and conducting business in Vietnam. It includes detailed information on taxes and human resources and contains all of the information a firm might need to not only establish itself, but also to thrive, in Vietnam. Vietnam is a rapidly developing nation that has benefited enormously from a myriad of free trade agreements. This rapid growth, however, has come with some sustainability challenges. As such, this guide also puts a special focus on the sustainability obligations of firms in Vietnam.
Vietnam is a rapidly developing nation that has benefited enormously from a myriad of free trade agreements. Most notably of late, the EVFTA and CPTPP have seen trade with participating nations boom.
Furthermore, Vietnam has also been a key beneficiary of the diversification out of China by many large multinational brands.
This rapid growth, however, has come with some sustainability challenges. As environmental, social, and governance issues become increasingly important in global trade, firms producing goods for export in Vietnam have had to adapt their operations.
Likewise, Vietnam has laid out key sustainability regulatory guardrails for firms operating in the country.
It’s with this in mind, that we present this Doing Business in Vietnam guide with a focus on sustainability.
Comprehensive and incredibly detailed this guide covers everything from establishing a business in Vietnam to social insurance payments.
In this edition of An Introduction to Doing Business in Vietnam 2024 we look at:
- How to Set Up in Vietnam
- Tax, Audit, and Accounting
- Human Resources and Payroll
- Special Focus: Investing in Vietnam’s Sustainable Future
It includes what firms need to know about tax and accounting in Vietnam from start to finish, including business license fees to corporate income tax and everything in between. It also covers transfer pricing and Vietnam’s environment tax among a range of other taxes.