Overview of Vietnam’s paper market in 2018 – Part 3. Tissue paper

The tissue paper in Vietnam is mainly used to make products such as napkins, face towels, and toilet paper. The total consumption of tissue paper in 2018 in Vietnam reached nearly 165000 tons, an increase of 8% as compared to …

EU approved to sign a free trade agreement with Vietnam

On the 25th of June 2019, The European Council (EC) approved the decision to sign the Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) between the European Union (EU) and Vietnam. Both agreements will be signed on June …

Overview of Vietnam’s paper market in 2018 – Part 2. Pulp

The total amount of imported pulp on the Vietnamese market including BHKP, BSKP, BCTMP, UKP, FLUFF in 2018 reached 339,387 tons, an increase of 8.0% compared to the same period in 2017, reaching an average of 28,282 tons per month.…

A significant increase in FDI registered capital in Vietnam

According to a report of the Vietnam Ministry of Planning and Investment (MPI), FDI in Vietnam in the first 5 months of 2019 reached a record in terms of the registered investment capital over the same period within the last …

A new milestone for the Vietnamese export of forestry products

According to the General Department of Forestry, Ministry of Agriculture and Rural Development, the value of forest product export in May reached 959 million USD, bringing its total export turnover in the first 5 months of 2019 to nearly 4.258 …

Vietnam exports to USA surge during the US-China trade war

Vietnam can become the seventh largest exporter to the US in 2019 if it maintains the export growth rate of 40.2% as in the first quarter.

The US Census Bureaujust announced that in the first three months of 2019, the …

Overview of Vietnam’s paper market in 2018 – Part 1. Packaging Paper

Vietnam paper industry in 2018 in general had a strong growth compared to 2017 and it established the highest growth rate in the history of Vietnam’s paper industry. Consumption of all kinds of paper achieved an output of 4.946 million …

Where to invest in Vietnam? Episode 3 – Dong Nai Province

Vietnam in the recent years has become an appealing location for foreign investors mostly due to its advantages such as low labor cost, high economic growth and stable social and political environment. One of the first steps for the foreign …

Types of capital to be declared when setting up a foreign invested company in Vietnam

When setting up a foreign invested company in Vietnam (FIC), the foreign investor is required to prepare and declare the following types of capital:

1. Charter Capital (it may call paid-up/authorized capital under the concept of some countries) means the …

THE IMPORTANCE OF THE COMPANY SEAL IN VIETNAM

For doing business in Vietnam, beyond concerns on preparing capital charter, making business plan, running marketing projects and et cetera, understanding and complying with regulations of Vietnamese law on formality need also to be focused. Accordingly, one of relevant matters …

Exklusive VIP Unternehmerreise Automobilindustrie – Zulieferer – Hanoi/Haiphong

Access Vietnam invites you to join our exclusive VIP entrepreneurship days in automotive industry. Our event includes visiting VINFAST factory in Hai Phong and attending our informative sessions in Hanoi.

This event is organised by Access Vietnam, DeltaKap, Germela and …

OPPORTUNITIES FOR THE VIETNAMESE GARMENT INDUSTRY FROM THE CPTPP AGREEMENT

The Vietnamese garment export is currently among the top 3 in the world in terms of value, which is expected to continue to accelerate after the Comprehensive Partnership Agreement and Trans-Pacific Progress (CPTPP).

The Vietnam’s export growth has been associated …

Investments in the not-so-far east Vietnam – Part 7: Labor Law in Vietnam

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer regulations for investment and entrepreneurship in Vietnam, the country …

Investments in the not-so-far east Vietnam – Part 6: Special Tax Law in Vietnam

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer regulations for investment and entrepreneurship in Vietnam, the country …

Investments in the not-so-far east Vietnam – Part 5: Tax Law for Businesses in Vietnam

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer regulations for investment and entrepreneurship in Vietnam, the country …

Understanding Personal Income Tax in Vietnam for Expatriates

In Vietnam, the tax system can be at times confusing and tedious, involving procedures and calculations that sometimes are complicated and hard to comprehend, mostly for expatriates, foreign individuals that have no technical knowledge on the Personal Income Tax rules …

Investments in the not-so-far east Vietnam – Part 4: Trade, Distribution, and Export

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer regulations for investment and entrepreneurship in Vietnam, the country …

Investments in the not-so-far east Vietnam. Part 3: Investment Benefits and Incentives 

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer regulations for investment and entrepreneurship in Vietnam, the country …

Investment in the not-so-far east. Part 2: The Investment Permit

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, Vietnam is steadily improving its regulatory environment for foreign investment. Especially the regulations for investments and entrepreneurial commitment in Vietnam are becoming increasingly interesting …

Investment in the not-so-far East. Part 1: The Incorporation 

While European companies are eagerly awaiting the entry into force of the Vietnam-EU Free Trade Agreement, the legal framework for foreign investment in Vietnam is steadily improving. With improved and clearer rules for investment and foreign engagement in Vietnam, the …

NEW OPPORTUNITIES FOR THE VIETNAM’S LEATHER AND FOOTWEAR EXPORT IN 2019

In 2018, the Vietnam’s leather and footwear industry successfully reached its target with export turnover of 19.5 billion USD, up 10% from the previous year. With expected favorable economic factors in 2019, the industry aims to achieve an export turnover …

9 common payroll errors for Vietnamese companies

Payrolls in Vietnam are complicated processes and are areas where mistakes can easily become the norm unless Vietnamese businesses are careful, consciously monitoring and reviewing their processes, procedures and calculations.

1. Probation periods longer than permitted

Probation in Vietnam is …

VIETNAM’S GARMENT EXPORT CONTINUED TO THRIVE

2018 is a successful year for export activities of Vietnam’s textile and garment industry with the total export turnover of over 36 billion USD, up by 16% as compared to 2017, marking it the highest growth in the past 3 …

Vietnam – A potential Trade War Winner?

The trade dispute between the two biggest economies in the world is expected to create impacts on the economies of other nations including Vietnam.

The Southeast Asian nation has been touted as a possible winner in the U.S.-China trade war …

VIETNAM’S EXPORTS OF TIMBER AND WOOD PRODUCTS HAVE EXCEEDED $8 BILLION

According to the Vietnam Ministry of Industry and Trade, in the first 11 months of 2018, wood and wood products export is estimated at 8.05 billion USD, up by 16% compared to the same period in 2017. With this value, …

HOW TO SET UP A NEW OFFICE IN VIETNAM?

Background

On March 2018, Access Vietnam received an inquiry from our client in Finland (we called PXR Tech) who wished to set up an office and a team of software developers in Ho Chi Minh city. Our client is a …

5 REMARKABLE EVENTS OF VIETNAM’S ECONOMY IN 2018

2018 has been a year with different remarkable socio-economic events around the globe. By this time of the year, let’s look back on the 5 most remarkable events of Vietnam in 2018.

1. The National Assembly ratifies the CPTPP Agreement…

Where to invest in Vietnam? Episode 2: Hanoi or Ho Chi Minh City?

When it comes to selecting a business location in Vietnam, the very first considerations which might come to mind, are the two biggest and most important hubs: Hanoi and Ho Chi Minh City. In this article, we will see all …

Vietnam hits a new trade surplus record

The Vietnamese customs officially reported that the total export value of Vietnam during the first 11 months of 2018 reached 223.738 billion USD whereas the import figure was 216.312 billion USD. This resulted in a new trade surplus record of …

Where to invest in Vietnam? Episode 1 – Quang Ninh Province

Vietnam in the recent years has become an appealing location for foreign investors mostly due to its advantages such as low labor cost, high economic growth and stable social and political environment. One of the first steps for the foreign …

TAX INCENTIVES IN VIETNAM

Tax incentives have played an important role in attracting FDI into Vietnam over the past decades. The effectiveness of the tax incentives policy is evident from the amount of foreign investment capital influx into the country. Vietnam’s government has adjusted …

INFORMATION ON THE PAYROLL REQUIREMENTS IN VIETNAM

After setting up a business in Vietnam, the next big hurdle is hiring the staff that you will need to help grow your operation. The initial hiring process and, ultimately, payroll administration can quickly become a complex and confusing process. …

US – China Trade War: A win or a loss for Vietnam?

The trade dispute between the two biggest economies in the world is expected to create more favors than drawbacks for Vietnam.

The US-China trade war has officially begun following a 25-percent of import tax application on commodities from China by …

CPTPP: Opportunity for Vietnam’s wooden furniture manufacturers to thrive

Reduced tariffs and competitive prices will facilitate the growth of the Vietnamese timber industry after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into force.

Out of the 11 remaining countries (1) in the CPTPP, Vietnam’s timber industry …

Vietnam involved in 16 Free Trade Agreements

Vietnam is one of the most active countries to participate in free trade agreements (FTA) in the world. Up until August 2018, Vietnam has signed 12 FTAs and 4 Agreements are in the negotiation round.

Overview of Vietnam’s FTAs

During …

Vietnam tops ASEAN in attracting Japanese investment

According to a 2018 survey by the Japan External Trade Organization (JETRO), nearly 70 percent of Japanese businesses operating in Vietnam last year considered expanding their operations, which is the highest rate among 20 surveyed countries.

After coming in …

Vietnamese SMEs are optimistic about export and import prospects

Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe that they will continue to enjoy growing export in markets outside the Asia-Pacific region, especially the US, India and Germany, according to a research recently …

The strengths of ASEAN and Vietnam in attracting foreign investment

The Nations from ASEAN including Vietnam are being considered as an attractive destination for foreign investors thanks to the advantage of geographical position, market size and impressive GDP growth.

ASEAN

After more than 50 years (1967 – 2018) of development, …

Vietnamese Southeast provinces continued to attract FDI

The southern provinces in Vietnam continued to attract many projects with large registered capital. In the first 11 months of 2017, Ho Chi Minh City was the leading city in Vietnam attracting FDI with US$ 5.68 billion, accounting for 17,2 …

Ho Chi Minh City committed to improve investment environment

Over the past time, Ho Chi Minh City has been voted by the business community as one of the best business environments in Vietnam. The city has achieved great success in attracting investment, becoming the leader in attracting foreign direct …

EU businesses remain optimistic about Vietnam´s business environment

According to the recent Business Climate Index (BCI) of the European Chamber of Commerce (EuroCham), European companies continue to remain optimistic about Vietnam’s business environment as well as the EU-Vietnam Free Trade Agreement (EVFTA) which will come into effect in …

Vietnam to boost trade and investment cooperation with key strategic partners

Prime Minister Nguyen Sinh Phuc signed Decision No. 213 / QD-TTg on the 12^th of February 2018 approving the project “Strengthening bilateral trade and investment cooperation between Vietnam and other key strategic partners”

The project was developed by the …

Vietnam – a potential market for Italian furniture and interior design

Italian companies are looking for opportunities to enter the Vietnamese market and capitalize on the rising demand for furniture and interior design.

A delegation of seven Italian companies in the field of furniture, kitchen, lighting, and artistic mosaics paid a …

Overview of foreign contractor tax in Vietnam

Foreign contractor tax (the “FCT”) is imposed on foreign organizations/individuals that conduct businesses or yield income originated from Vietnam on the contractual basis with Vietnamese organizations/individuals. This article will highlight some main and notable points regarding the FCT …

FORMS OF INVESTMENT: HOW TO START BUSINESS IN VIETNAM?

The laws of Vietnam provide numerous forms of investment for the foreign investors to set up the business in Vietnam, namely (i) incorporating the legal entity; (ii) contributing or acquiring the capital contribution, the shares in the available legal entity; …

Partnerschaft mit Germela Consulting

Mit uns erfolgreich neue Märkte erschließen!

Vietnam, Asiens aufsteigender Drache! Mit jährlichen BIP-Wachstumsraten von 5 – 7 %, einer aufstrebenden Mittelschicht sowie einem stabilen makroökonomischen Umfeld hat sich Vietnam in den Fokus international agierender Unternehmen gespielt. Eine große, junge, gut …

The EU-Vietnam Free Trade Agreement: 4 major benefits for Vietnamese enterprises

The EU-Vietnam Free Trade Agreement (EVFTA) concluded negotiations by the end of 2015 and is expected to bring about 4 major benefits for Vietnamese enterprises.

Benefit 1: The opportunity to increase exports to the EU market

EU – a market …

ASEAN signed 58th Free Trade Agreement

This time ASEAN chose a significantly important country to make free trade possible. Hong Kong as one of the middling nations of business between Asia and the West certainly will come in handy for further growth in Vietnam and the …

Favorable business and investment environment in Ninh Binh Province

Mr. Hoang Trung Kien – Director of Department of Industry and Trade of Ninh Binh province said that in 2017, the industrial production, the import and export activities of the province exceeded the target plan.

In 2017 Ninh Binh Department …