The website will include existing trade regulations and procedures such as laws, administrative procedures, guidance notes, forms, licenses, permits, and applicable fees in both Vietnamese and English.
Despite the failure of the Trans-Pacific Partnership agreement, which was expected to benefit Vietnam in particular, the country continues to diversify and expand its roster of economic partners and to grow GDP, creating investment opportunities for Asian companies
Financially, it may not be a big deal – the fines range from US$45 to US$3,589. But Vietnam's Decree 50 appears to have a more fundamental purpose: To clarify the business registration process and improve the legal structure and bureaucracy
China has benefited from being the preferred manufacturing site for the world’s makers of goods, particularly those in the low-value-added sector. But rising wages without commensurate productivity gains are making other markets more attractive
In theory, Vietnamese Accounting Standards are supposed to converge with International Financial Reporting Standards. In reality, there are divergences between the two systems, which CFOs and others on the finance team must know when setting up in Vietnam
As costs in China continue to rise, companies are looking at alternatives inside and outside what used to be the factory floor of the world. One viable option is Vietnam because of its low costs, improved infrastructure and membership in the ASEAN Economic Community