The Vietnamese market is home to about 102.3 million people and produced a GDP of about US$514 billion in 2025, or roughly US$5,026 per person, according to Vietnam's National Statistics Office (NSO). The economy grew 8.02% in 2025 and 9.01% in the first nine months of 2026. Household demand is rising with incomes, and the digital economy reached an estimated US$39 billion in 2025. For foreign companies, the main questions are which customers to target and which entry route f
The Vietnamese market is home to about 102.3 million people and produced a GDP of about US$514 billion in 2025, or roughly US$5,026 per person, according to Vietnam's National Statistics Office (NSO). The economy grew 8.02% in 2025 and 9.01% in the first nine months of 2026. Household demand is rising with incomes, and the digital economy reached an estimated US$39 billion in 2025. For foreign companies, the main questions are which customers to target and which entry route f
As of November 2026, most goods made in Vietnam and imported into the United States pay an additional 12.5% tariff under Section 301 of the Trade Act of 1974, on top of the normal US import duty for the product (EY, 24 July 2026; Vietnam Briefing, 26 July 2026). This rate took effect on 24 July 2026. The 20% "reciprocal" tariff that applied from August 2025 is no longer collected, because the US Supreme Court ruled on 20 February 2026 that the emergency-powers law used to imp
Employees in Vietnam are entitled to 12 paid public holiday days in 2027: the 11 days set by the Labour Code plus Vietnam Culture Day on 24 November, which became a paid day off from 2026. Tet 2027 (Lunar New Year) falls on Saturday, 6 February 2027. The Ministry of Home Affairs has confirmed a seven-day Tet break from 4 to 10 February 2027 for the public sector. Private employers choose one of three statutory options and must tell staff their schedule at least 30 days in adv
This Vietnam Tax News 2026 roundup covers the updates foreign businesses should review now: a conditional corporate income tax reduction, 2026 payroll tax rules, VAT deductions, electronic invoices and tax administration. Start with the transactions your Vietnam operation actually makes, then check each rule’s effective date and assign someone to implement it. The guidance proposed for the newest corporate tax reduction is still a draft. Latest Vietnam Tax News 2026 at a Glan
Is Vietnam Business-Friendly for Foreign Companies? Vietnam can be an attractive market for foreign companies seeking customers, employees or a place in regional supply chains. Its suitability depends on the business model: an exporter working through a distributor faces different requirements from a company opening a factory or selling directly to consumers. Assess the opportunity alongside the market access, licensing and operating costs of your specific activity. Each pote
Vietnam working culture is the set of everyday practices through which people communicate, collaborate, make decisions and manage work in a particular workplace. National context may influence expectations, but it cannot tell a manager how an individual employee or team prefers to work. Why Workplace Practices Vary Across Vietnamese Companies A locally owned business and a foreign-invested company may use different reporting lines. An office team coordinating international pr
Vietnam market entry requirements depend on what your business plans to do. A US company may sell through a Vietnam-based importer or distributor without establishing a local company. It may consider a representative office for permitted market research and liaison activities. If it plans to run its own operations in Vietnam, it should assess an appropriate company or investment structure. Start by identifying who will contract, import, invoice, employ and obtain the required
Vietnam market entry requirements depend on what your business plans to do. A US company may sell through a Vietnam-based importer or distributor without establishing a local company. It may consider a representative office for permitted market research and liaison activities. If it plans to run its own operations in Vietnam, it should assess an appropriate company or investment structure. Start by identifying who will contract, import, invoice, employ and obtain the required
Vietnam FDI statistics for January–September 2026 show USD 50.36 billion in registered foreign investment and an estimated USD 21.07 billion in disbursed FDI. Registered investment measures new commitments, increases to existing projects, and foreign capital contributions or share purchases. Disbursed FDI measures investment implemented during the period. The two figures answer different questions and should not be treated as money committed and then fully paid out by the sam
A Vietnam work visa addresses a foreign employee’s immigration status. LĐ1 relates to a work-permit exemption; LĐ2 relates to work for which a permit is required. Neither visa category replaces the need to establish the person’s right to work. Employers should assess the actual job, labour documents, sponsor, and length of stay before preparing a visa application. What Is a Vietnam Work Visa? Three different documents answer different questions: Document Main question it answ
A foreign investor can acquire a business in Vietnam by buying shares or capital, purchasing selected assets, or completing a merger. The suitable route depends on the business being acquired, its liabilities, foreign investment conditions, and the requirements triggered by that specific transaction. Before making an offer, map the parties, ownership percentages, activities, assets, and intended payment route. What Are the Main Ways to Acquire a Business in Vietnam? Structure
A foreign business can apply to register a trademark in Vietnam without first establishing a Vietnamese company. It must choose the appropriate applicant and filing route, and may need to act through an authorised industrial property representative in Vietnam. The process is check the mark → choose goods and services → prepare and file → examination → decision. A trademark already registered in Hong Kong does not automatically receive protection in Vietnam. What Does Trademar
Before applying for a trademark in Vietnam, search Vietnamese trademark records and check relevant international records. Look beyond exact matches: compare similar words or logos, the goods and services involved, and the status of each result. A preliminary trademark search can reveal potential conflicts, but a clear result does not guarantee that the application will be accepted. Why Conduct a Trademark Search in Vietnam Before Filing? A trademark search helps a business id
Doing business in Vietnam involves more than just initial market entry. Once established, companies must manage a steady stream of contracts, internal approvals, corporate changes, and recurring compliance requirements. Once established, companies must manage a steady stream of contracts, internal approvals, corporate changes, and recurring compliance requirements. Without the right legal support for businesses in Vietnam, these administrative and regulatory tasks can quickly
Doing business in Vietnam involves more than just initial market entry. Once established, companies must manage a steady stream of contracts, internal approvals, corporate changes, and recurring compliance requirements. Once established, companies must manage a steady stream of contracts, internal approvals, corporate changes, and recurring compliance requirements. Without the right legal support for businesses in Vietnam, these administrative and regulatory tasks can quickly
Establishing a legal presence in Vietnam begins with one foundational step: completing formal business name registration before conducting any commercial activity. For foreign investors and FDI companies entering one of Southeast Asia's most dynamic markets, this process sets the legal and operational foundation for everything that follows, from opening bank accounts to signing supplier contracts and applying for sector-specific licenses.
For international businesses and investors expanding into Vietnam, selecting the right company name carries more weight than many founders initially expect. A name shapes first impressions, determines search visibility, and in Vietnam's regulatory environment, must satisfy specific legal requirements before a single document can be filed. Getting it right from the start prevents delays, rebranding costs, and missed market opportunities.
Establishing your business legally requires more than just creating a company you need to secure the proper tax registration credentials that legitimize your operations across government systems. Whether you're launching your venture in Vietnam, Hong Kong, the United States, or the United Kingdom, understanding the business tax registration process is crucial for avoiding penalties and ensuring compliance from day one.
Establishing a legitimate business requires obtaining a company incorporation certificate, the official document confirming your enterprise's legal existence and independent status. Understanding costs, timelines, and common pitfalls across Vietnam, Hong Kong, the United States, and the United Kingdom proves essential for successful company formation.
For Taiwan enterprises establishing US business operations while maintaining Vietnam subsidiaries, mastering the EIN number application process represents critical administrative competency enabling rapid operational deployment. Taiwan companies frequently encounter complex multi-jurisdictional challenges requiring simultaneous US tax registration, Vietnam business establishment, and multinational financial coordination.
As of November 2026, most goods made in Vietnam and imported into the United States pay an additional 12.5% tariff under Section 301 of the Trade Act of 1974, on top of the normal US import duty for the product (EY, 24 July 2026; Vietnam Briefing, 26 July 2026). This rate took effect on 24 July 2026. The 20% "reciprocal" tariff that applied from August 2025 is no longer collected, because the US Supreme Court ruled on 20 February 2026 that the emergency-powers law used to imp
As of November 2026, most goods made in Vietnam and imported into the United States pay an additional 12.5% tariff under Section 301 of the Trade Act of 1974, on top of the normal US import duty for the product (EY, 24 July 2026; Vietnam Briefing, 26 July 2026). This rate took effect on 24 July 2026. The 20% "reciprocal" tariff that applied from August 2025 is no longer collected, because the US Supreme Court ruled on 20 February 2026 that the emergency-powers law used to imp
In most manufacturing and trading companies, the warehouse belongs to operations. Accounting books whatever the warehouse sends up, and the closing balance is whatever the system says it is. This arrangement works smoothly right up until a tax inspection team sits down and asks for three things at once: the stocktake minutes, the detailed inventory ledger, and a reconciliation between raw material consumption and finished output. When those three sets of numbers do not agree,
Vietnam tax compliance in 2026 entered a new phase on 1 July, when Decree 252/2026/ND-CP took effect as the implementing framework for the Law on Tax Administration 2025 (Law No. 108/2025/QH15). Issued on 30 June 2026, the decree replaced five earlier instruments and rewrote the operating rules for registration, filing, refunds, enforcement and cross-border digital trade. For foreign-invested enterprises, the headline is not the volume of new rules. It is the shift in how the
Vietnam’s social security regime is entering a stricter enforcement phase. With the 2024 Law on Social Insurance now in force and Decree 274/2025/ND-CP effective from 10 November 2025 , authorities have clearer tools to deal with late payment and evasion of compulsory social insurance (SI) and unemployment insurance (UI) . For employers, the late payment of social insurance in Vietnam is no longer a minor administrative issue. Decree 274 introduces precise definitions, tim
Vietnam is entering a new phase of fiscal modernization. With the Corporate Income Tax (CIT) Law No. 67/2025/QH15 taking effect on October 1, 2025 , the Vietnamese government aims to harmonize its tax and tariff systems to maintain economic competitiveness while aligning with global tax reforms such as the OECD’s Global Minimum Tax (GMT) . This new law will apply to the 2025 tax year and replaces the previous Corporate Income Tax Law (2008) and its amendments. Together wit
Employees in Vietnam are entitled to 12 paid public holiday days in 2027: the 11 days set by the Labour Code plus Vietnam Culture Day on 24 November, which became a paid day off from 2026. Tet 2027 (Lunar New Year) falls on Saturday, 6 February 2027. The Ministry of Home Affairs has confirmed a seven-day Tet break from 4 to 10 February 2027 for the public sector. Private employers choose one of three statutory options and must tell staff their schedule at least 30 days in adv
Employees in Vietnam are entitled to 12 paid public holiday days in 2027: the 11 days set by the Labour Code plus Vietnam Culture Day on 24 November, which became a paid day off from 2026. Tet 2027 (Lunar New Year) falls on Saturday, 6 February 2027. The Ministry of Home Affairs has confirmed a seven-day Tet break from 4 to 10 February 2027 for the public sector. Private employers choose one of three statutory options and must tell staff their schedule at least 30 days in adv
This Vietnam Tax News 2026 roundup covers the updates foreign businesses should review now: a conditional corporate income tax reduction, 2026 payroll tax rules, VAT deductions, electronic invoices and tax administration. Start with the transactions your Vietnam operation actually makes, then check each rule’s effective date and assign someone to implement it. The guidance proposed for the newest corporate tax reduction is still a draft. Latest Vietnam Tax News 2026 at a Glan
Is Vietnam Business-Friendly for Foreign Companies? Vietnam can be an attractive market for foreign companies seeking customers, employees or a place in regional supply chains. Its suitability depends on the business model: an exporter working through a distributor faces different requirements from a company opening a factory or selling directly to consumers. Assess the opportunity alongside the market access, licensing and operating costs of your specific activity. Each pote
Vietnam working culture is the set of everyday practices through which people communicate, collaborate, make decisions and manage work in a particular workplace. National context may influence expectations, but it cannot tell a manager how an individual employee or team prefers to work. Why Workplace Practices Vary Across Vietnamese Companies A locally owned business and a foreign-invested company may use different reporting lines. An office team coordinating international pr
Vietnam has expanded the role of the VNeID account in electronic transactions under Decree No. 320/2026/ND-CP. Effective from September 28, 2026, the new framework requires specified electronic transaction accounts to be linked and authenticated with an appropriate electronic identification account. The change is relevant not only to individual users. Foreign-invested companies may also need to review the accounts they use for banking, e-commerce, electronic invoicing, teleco
Vietnam has solidified its position as a global manufacturing and service hub, witnessing a historic 297,500 new market entrants in 2025 . However, for foreign investors looking into Vietnam company incorporation or a large-scale factory setup, the practical reality of doing business depends entirely on the province you choose. Furthermore, market sentiment remains highly bullish, with 85.7% of surveyed enterprises stating they plan to maintain or expand their operations in t
The Vietnamese market is home to about 102.3 million people and produced a GDP of about US$514 billion in 2025, or roughly US$5,026 per person, according to Vietnam's National Statistics Office (NSO). The economy grew 8.02% in 2025 and 9.01% in the first nine months of 2026. Household demand is rising with incomes, and the digital economy reached an estimated US$39 billion in 2025. For foreign companies, the main questions are which customers to target and which entry route f
The Vietnamese market is home to about 102.3 million people and produced a GDP of about US$514 billion in 2025, or roughly US$5,026 per person, according to Vietnam's National Statistics Office (NSO). The economy grew 8.02% in 2025 and 9.01% in the first nine months of 2026. Household demand is rising with incomes, and the digital economy reached an estimated US$39 billion in 2025. For foreign companies, the main questions are which customers to target and which entry route f
Selecting effective business names represents foundational business decisions affecting brand recognition, customer memorability, and long-term market positioning. Entrepreneurs establishing Vietnam operations encounter unique naming challenges requiring understanding both international branding principles and local regulatory requirements.
For businesses and investors monitoring economic conditions affecting operational performance and investment decisions, understanding economic indicator timing and data sources proves essential for informed strategy development.
Understanding a country's economic performance is crucial for investors, entrepreneurs, and policy makers making strategic decisions in global markets. Whether you're entering Vietnam's fast-growing economy, expanding in Hong Kong, evaluating opportunities in the United States, or exploring the United Kingdom, mastering economic performance metrics and indicators helps you accurately gauge market potential, risks, and growth prospects.
Understanding the definition of money in economics proves essential for anyone engaging in business operations, financial planning, or investment decisions. Despite encountering definition of money macroeconomics frequently, many people struggle articulating precisely what money definition economics encompasses beyond recognizing physical currency.
For Taiwan enterprises establishing operations in Vietnam, understanding economic factors affecting business represents essential strategic intelligence informing operational decisions and financial planning. Vietnam's dynamic economy operates within macroeconomic frameworks combining government policy, market dynamics, and global trade relationships that directly impact business profitability and expansion timelines.
Since diplomatic normalization in 1995, Vietnam US trade and investment ties have moved from a modest starting point to one of the most dynamic economic relationships in the Indo-Pacific. The upgrade of the relationship to a Comprehensive Strategic Partnership in 2023 signaled that both sides see each other as long-term, strategic partners in trade, technology, and supply-chain resilience. By late 2025, the United States had firmly remained Vietnam’s largest export market, w
Since diplomatic normalization in 1995, Vietnam US trade and investment ties have moved from a modest starting point to one of the most dynamic economic relationships in the Indo-Pacific. The upgrade of the relationship to a Comprehensive Strategic Partnership in 2023 signaled that both sides see each other as long-term, strategic partners in trade, technology, and supply-chain resilience. By late 2025, the United States had firmly remained Vietnam’s largest export market, w
Vietnam’s digital economy is no longer “emerging”—it is scaling fast, getting tougher, and becoming more regulated by the month. The Vietnam e-commerce market 2025 is projected to hit US$26–28 billion in online retail, backed by young consumers, rising incomes, and aggressive platform investment. But growth doesn’t automatically mean easy wins. Competition is turning into a subsidy-driven battlefield, logistics costs are rising, and policymakers are moving toward stricter c
Vietnam has become one of Asia’s most attractive destinations for manufacturing, sourcing and consumer sales. But for many foreign businesses, the first real obstacle appears at the border: complex customs rules, strict licensing requirements, and the need for a local legal entity to import goods. If you don’t yet have a company in Vietnam, or you’re only shipping small volumes, setting everything up just to bring in a few shipments can feel excessive. That is where an Import
The tourism industries have transformed into essential drivers of international cooperation, reshaping how countries connect and celebrate their cultural heritage. In today's interconnected world, distinctive tourism industries serve as vital conduits between different societies, while exchanges tourism industries create substantial value that extends beyond simple border crossings.
The tourism industry has become one of the world’s most influential economic engines. According to UN Tourism , global tourism industries account for more than 10 percent of global GDP and sustain over 350 million jobs. Under the Tourism Satellite Account (TSA) framework, each component of the tourism industry — from accommodation to transport — is measured by its direct contribution to visitor spending, employment, and growth. Vietnam’s tourism industry now ranks among Asi
The landscape of global industries is undergoing unprecedented transformation as the green transition reshapes manufacturing, trade, and investment patterns worldwide. Climate imperatives, regulatory pressures, and evolving consumer expectations are driving industries across all sectors toward sustainable practices. This shift represents not merely environmental compliance but a fundamental reimagining of how global industries operate, compete, and create value. Record rene
Access to preliminary legal guidance has changed substantially over the past decade. The global online legal services market was valued at approximately 8.5 billion USD in 2020 and has continued expanding as individuals and businesses increasingly turn to digital channels to address legal questions before engaging formal counsel.
Foreign investors and cross-border businesses entering Vietnam face a consistent challenge: legal questions arise faster than formal consultations can be scheduled, and the cost of acting without proper guidance is rarely recoverable. This reality has driven significant growth in legal advice online services across professional and commercial sectors, particularly among entrepreneurs, FDI companies, and overseas investors managing multi-jurisdiction operations.
For Taiwan small and medium enterprises establishing operations in Vietnam, implementing HRMS (Human Resource Management System) represents critical operational infrastructure supporting workforce management, regulatory compliance, and business scaling. Vietnam's complex labor regulations, multi-location operational requirements, and rapid employee onboarding demands position HRMS system selection as a strategic business decision affecting operational efficiency and financial
For Hong Kong enterprises establishing operations in Vietnam, protecting intellectual property through specialized IP legal advisory represents a critical competitive advantage frequently underestimated during market expansion planning. Vietnam's increasing recognition as a technology hub and manufacturing center creates exponential growth in IP disputes, counterfeiting risks, and strategic positioning challenges requiring professional guidance.