License’s Duration of an Represenative Office (RO) not exceeds 5 years therefore foreign traders need to extend the license before it expires. In this Article, we will write about regulations and file for the extension.
Beside setting up a Business entity, foreign trader can choose to open a Representative Office (RO) in Vietnam that conducts market survey and a number of commercial promotion activities permitted by Vietnamese law.
There are different ways for foreigners investing in Vietnam: opening a new business, M&A, Business Cooperation Contract (BCC)…etc. In this article, we will write how to open a new Business in Vietnam.
Vietnam’s internet economy projected to hit $36B this year, marking a 16% increase compared to 2023. Retail e-commerce continues to be a key pillar of Vietnam’s digital economy, contributing $22 billion to the country’s GDP, 18% higher than the previous year, accounting for 61% of the total size of the Internet economy.
Vietnam relies heavily on exports for its economic growth. According to the General Statistics Office, in the January-October 2024 period, exports rose 14.9 percent from a year earlier to $335.586 billion, while imports were up 16.8 percent to $312.28 billion, the GSO said.
Following are the highlights of Business News in the forth week of October 2024: Chinese e-commerce platform Temu operates in Vietnam without license; Ho Chi Minh City launches new innovation ecosystem for businesses; Land on downtown Ho Chi Minh City streets priced at $27,000 per sqm; and the last news is Vietnam Stock Market that closed in red as global shares headed for weekly loss.
Following are the highlights of Business News in the third week of October 2024: Vietnam’s FDI expected to hit $40B in 2024; E-commerce platforms may be asked to pay taxes on behalf of sellers; Dollar gains against dong; and the last news is Vietnam Stock Market that ended week with slight dip.
Following are the highlights of Business News in the second week of October 2024: Vietnam targets 7.5% economic growth in 2025; VinFast emerges as best-selling car brand in Vietnam in September; and the last news of Vietnam Stock Market that rose 4 sessions in a row.
Following are the highlights of Business News in the first week of October 2024: Vietnam Q3 GDP grows 7.4% on robust exports, industrial production; Vietnam’s 2024 rice imports projected to hit record of $1bn; Dollar gains on black market, skyrockets among peers; and the last news of Vietnam Stock Market that ended the week with third consecutive decline.
Following are the highlights of Business News in the fourth week of September 2024: Vietnamese interest in iPhone 16 lower than in iPhone 15; 2024 Ho Chi Minh City Economic Forum opens; Ministry of Finance is reviewing Personal Income Tax Law; and the last news about Vietnam stock market.
