Business Types in Vietnam

Investors exploring opportunities in the Vietnamese market have several business entity options to choose from this guide provides an overview of the SIX main types of businesses available for those looking to establish a presence in Vietnam: Representative Office, Limited Liability Company (100% Foreign-Owned Enterprise), Branch Office, Joint Venture, Public Private Partnership, and Joint-Stock Company.

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35 YEARS ATTRACTING FDI INTO VIETNAM

Hundreds of billions of dollars in foreign direct investment have become the driving force for Vietnam’s growth over the years, but have also made the domestic economy increasingly dependent on external forces.

From 2 million USD, Vietnam has attracted 524 billion USD of registered FDI capital after 35 years. By the end of 2022, more than 36.000 projects are operating with a total capital of 441 billion USD, 57% disbursed.

Three waves of foreign investment in Vietnam after 35 years

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Looking at HR outsourcing options? Know what questions to ask before choosing a PEO

Working with a professional employer organization company, or PEO, has many benefits — but only if you choose the right company. Always ask these four questions before signing up.

Engaging with a professional employer organization (PEO) can be a game-changer. PEOs can take over much of your HR administration, including payroll, benefits, and compliance, freeing up time to focus on business growth and improving the employee experience. Read more

Recruitment Insights in Vietnam

Recruitment Agency Costs in Vietnam

In Vietnam, professional recruitment agency fees typically range from 18% to 27% of the first-year annual base salary of a recruited employee.
Headhunting services in Vietnam come at a cost, but they offer significant benefits. These include specialised expertise, access to passive candidates, confidentiality, and extensive industry networks. Headhunters help you to save time and resources, provide customised searches, conduct thorough candidate assessments, and streamline negotiations. The outcome is often a faster hiring process, lower turnover, and a better fit for key roles when you expand your business in Vietnam Read more

The ‘Buy Now, Pay Later’ Landscape in Vietnam

Exploring the Market for ‘Buy Now, Pay Later’ Services in Vietnam

Vietnam boasts a relatively low ownership of credit cards, with only 5-6 percent of the population holding one. However, the nation’s expanding middle class and surging consumer demand are capturing the attention of fintech companies. They are introducing a diverse range of ‘Buy Now, Pay Later’ (BNPL) services to tap into this burgeoning middle segment of the market. Read more

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