Doing Business in Vietnam

The following guides could be your useful starting points to doing business with Vietnam or in Vietnam:

It gives us great pleasure to introduce the “Doing Business in Viet Nam” guide for 2018 co-published by the Viet Nam Chamber of Commerce and Industry (VCCI) and PwC Vietnam.

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This book was prepared by Ernst & Young in Vietnam. It was written to provide a quick overview of the investment climate, forms of business organization, taxation, and business and accounting practices in Vietnam. While the information contained in the book was, to the best of our knowledge, current at the time of writing, the rapid pace of change in Vietnam means that laws and regulations may have changed to reflect the new conditions. Making decisions about foreign operations is complex and requires an intimate knowledge of a country’s commercial climate with a realization that the climate can change overnight. Companies doing business in Vietnam, or planning to do so, are advised to obtain current and specific information from experienced professionals.

Not since Vietnam’s corporate and investment law were overhauled to prepare for accession to the World Trade Organisation (“WTO”) in 2007 has Vietnam seen as many legal changes as in 2015. A new Law on Enterprises and a new Law on Investment each took effect on 1 July 2015, and represent an effort to harmonise investment and licensing procedures for foreign and domestic enterprises. Since Vietnam’s accession to the WTO nearly 10 years ago, the National Assembly has passed numerous laws and governmental authorities have promulgated a significant number of regulations to implement Vietnam’s WTO commitments and strengthen the basic framework crafted by the 2005 Law on Enterprises and Law on Investment.

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