Category: Investment news Vietnam

It’s worth noting, however, that it’s quite common for local firms to have offices in other parts of the world, usually Singapore, through which they conduct their foreign investment activities. This is partly to avoid the bureaucratic approval process for outbound investment but also due to the perceived relative safety of more advanced markets.

Of note, for foreign firms, forming a partnership with a local business can reduce some administrative hurdles that go along with starting a business in Vietnam. Specifically, a joint venture will not require an Investment Registration Certificate or IRC…

Vietnam has used tax incentives as a financial lever to influence investment trends. Preferential tax rates for foreign projects are available at rates of between 10 to 17 percent, depending on the field and location, with some enjoying special tax rates as low as 5 percent. However, these tax incentives have been significantly diminished by the Global Minimum Tax–about 122 foreign companies have been impacted by the new tax in Vietnam, according to a review by tax authorities…

Notably, Thanh Hoa is located in northern central Vietnam, close to major economic hubs like Hanoi, Hai Phong, and Hung Yen. This proximity provides easy access to key markets and transportation networks. It also has a well-developed infrastructure network, including highways, railways, deep-sea ports, and airports…

Global flows of foreign direct investment were up 3 percent last year, however, if the several top performing European economies are removed, there was a decline of 18 percent according to the United Nations Conference on Trade and Development 2023 Global Investment Trends report and reported by The Leader.  The