Investing in Vietnam |
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Investing in Vietnam is challenging for foreign investors. It important to consider the legal and regulatory aspects of the jurisdiction prior to company formation. Important points to note about Vietnam investments include:
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| 1. | Vietnam ascended to the World Trade Organisation (WTO) in January 2007, obliging it to reform its legal system, strengthen intellectual property rights protection and lift trade barriers. | ||||||
| 2. | Despite this, Vietnam still suffers from a poor international business reputation. Vietnam is negatively perceived as the world's 116th least corrupt country in the 2010 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. | ||||||
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By investing in Vietnam, investors gain access to young and growing market-based economy. Today Vietnam has developed is the one of the fastest growing economy in Asia, averaging 7.3% annually over the past decade.
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| 4. | All potentional investors should note that all Vietnamese companies, with the exception of a representative office, pay corporation tax of 25%. | ||||||
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When investing in Vietnam, every company is required to have a minimum of two shareholders. | ||||||
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| 7. | Vietnam is negatively ranked 59th by the Global Competitiveness Report 2010-2011, one of the world’s most comprehensive and respected assessment of countries’ competitiveness, offering invaluable insights into the policies, institutions, and factors driving productivity. | ||||||
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The process for starting a company in Vietnam is challenging. In fact, the World Bank ranked Vietnam as the world's 78th easiest place in which to do business in it's Doing Business 2011 Survey. | ||||||
| 9. | Moreover, Vietnam is negatively ranked as the world's 139th freest economy in the Heritage Organisation’s 2011 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, financial, monetary, investment and labour markets. | ||||||
Contact Us |
For further information on investing in Vietnam, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.
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