Import & Export in Vietnam: Key Industries & Free Trade Agreements

October 15, 2015 Posted by Vietnam Briefing Reading Time: 3 minutes

The new issue of Vietnam Briefing magazine, titled “Import & Export in Vietnam: Key Industries & Free Trade Agreements“, is out now and available as a complimentary download in the Asia Briefing Bookstore.

The European Union-Vietnam Free Trade Agreement marks the beginning of a new era in Vietnam’s economic development, and paves the way for deep and long-lasting integration of the EU into the ASEAN economic space. It comes just at the right time, as ASEAN prepares for implementation of the ASEAN Economic Community at the close of 2015.

Vietnam’s competitive advantage lies in its lowcost labor, strategic location, and integration into global supply chains through its bilateral and multilateral trade agreements. The country’s business environment is soon to become even more rewarding for investors, as the standard Corporate Income Tax rate will drop to only 20 percent from January 1, 2016. There are a number of incentives available to investors, and professional tax planning advice should be sought to make the most of this market overflowing with opportunities.

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In this issue of Vietnam Briefing magazine, we discuss the key aspects of Vietnam’s import and export landscape, focusing on textiles, telephones and computer products, and automotive parts. We then analyze opportunities for Vietnam among its inclusion in multilateral regional trade blocs, before examining the European Union-Vietnam Free Trade Agreement in detail. Finally, we give an overview of the requirements for establishing a trading company in Vietnam.

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Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email vietnam@dezshira.com or visit www.dezshira.com.

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