Business Expansion
made easy.

Why Vietnam?

One of the fastest-growing countries in the world, Vietnam’s future is bright – and businesses are jumping at the opportunity to take part of this growth story (Vietnam received a record US$17.5 billion in FDI in 2017). Vietnam’s economic prospects are underpinned by a stable government, abundant natural resources, an ideal geographic location, WTO integration and youthful demographics.

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Vietnam has been called Asia’s newest ‘tiger’ economy, following in the footsteps of Hong Kong SAR, Singapore and South Korea. The country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-16, including the EU-Vietnam Free Trade Agreement, the Korea Free Trade Agreement and the Eurasian Economic Union Fee Trade Agreement. Vietnam is also a signatory of the Regional Comprehensive Economic Partnership (RCEP) and in November 2018 ratified its membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Reasons to do business in Vietnam include:

  • Rapid economic growth
  • Favourable demographics
  • Educated workforce
  • Improved legal environment
  • WTO integration
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Doing Business in Vietnam

Vietnam has unique business and cultural considerations that shape a company’s experience in the country. To make business expansion easier, here is a list of important aspects about doing business in Southeast Asia’s fastest-growing economy:

  • Tax obligations
  • Visa policies
  • Social insurance fund
  • Employment and termination considerations
  • Business etiquette

Planning to set up or further expand in Vietnam? Download our Vietnam business expansion guide to learn more.

Doing Business in APAC Region

How Tricor can help in Vietnam

Tricor Vietnam, with offices in Ho Chi Minh City, Hanoi and Da Nang, Vietnam, leverages vast, in-depth market expertise and experience supporting the expansion of our foreign clients in Vietnam.

Tricor Vietnam provides a comprehensive range of professional services including market entry advisory, investment licensing / company incorporation, representative office registration, as well as company secretarial, accounting, tax and payroll services.

Tricor is well positioned to unlock the potential of your business in Vietnam and across Asia, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

Tricor Group operates across a network of offices in 49 cities across 22 countries / territories.

We serve ~50,000 clients. Our portfolio includes ~2,000 companies publicly listed in Asia, over 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.

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ASEAN Business Guide 2022

Tricor Services in Vietnam

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