An Introduction to Doing Business in Vietnam 2017 – New Publication from Dezan Shira & Associates

An Introduction to Doing Business in Vietnam 2017, the latest publication from Dezan Shira & Associates, is out now and available for complimentary download through the Asia Briefing Publication Store.

Vietnam stands as a key country in the ASEAN region. Located advantageously near China and to important shipping lanes, with a growing population and middle class, Vietnam is a dynamic and growing country that is increasingly attractive to foreign businesses looking to expand their operations in Asia. 

There are a number of key advantages that make Vietnam stand out from the rest of Asia. Unlike many other countries in the region, Vietnam’s government is very stable and committed to seeing the country grow. Consumer confidence is strong and improving. Labor costs are currently 50 percent those of China and around 40 percent of those reported in Thailand and the Philippines. The country’s workforce is seeing an annual increase of 1.5 million people, and its workers are young and, increasingly, highly skilled.  

The country has improving infrastructure and remains a low cost manufacturing hub that provides good financial incentives to foreign companies. An abundance of natural resources is also helping to fuel the manufacturing boom in the country. Additionally, general costs of doing business, such as rent and utilities, are among the lowest in Southeast Asia.

Includes:

• An Introduction to Vietnam

• Establishing and Running a Business
  • How do I establish a company? 
  • What are my options for investment? 

• Tax & Accounting
  • What are Vietnam’s major taxes? 
  • What are some of the key compliance requirements?

• Human Resources and Payroll
  • An introduction to HR and payroll in Vietnam
  • How do I hire staff/workers? 
  • What major tax obligations does a company have for its staff/workers?

• Expert Analysis: Vietnam’s Investment Outlook for 2017
  • Five takeaways for investors
  • Why should I move my company to Vietnam now?
  • What do free trade agreements bring to the table?

The content of this guide was compiled by Dezan Shira & Associates’ staff in Vietnam, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to foreign investors in emerging Asia. 

Annual Audit and Compliance in Vietnam 2016
In this issue of Vietnam Briefing, we address pressing changes to audit procedures in 2016, and provide guidance on how to ensure that compliance tasks are completed in an efficient and effective manner. We highlight the continued convergence of VAS with IFRS, discuss the emergence of e-filing, and provide step-by-step instructions on audit and compliance procedures for Foreign Owned Enterprises (FOEs) as well as Representative Offices (ROs).

Navigating the Vietnam Supply Chain
In this edition of Vietnam Briefing, we discuss the advantages of the Vietnamese market over its regional competition and highlight where and how to implement successful investment projects. We examine tariff reduction schedules within the ACFTA and TPP, highlight considerations with regard to rules of origin, and outline the benefits of investing in Vietnam’s growing economic zones. Finally, we provide expert insight into the issues surrounding the creation of 100 percent Foreign Owned Enterprise in Vietnam.

Tax, Accounting and Audit in Vietnam 2016 (2nd Edition)
This edition of Tax, Accounting, and Audit in Vietnam, updated for 2016, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in Vietnam, as well as other tax-relevant obligations. This concise, detailed, yet pragmatic guide is ideal for CFOs, compliance officers and heads of accounting who must navigate Vietnam’s complex tax and accounting landscape in order to effectively manage and strategically plan their Vietnam operations.