In this issue:
- Using Vietnam to Target the Emerging ASEAN Region
- Establishing a Manufacturing Presence in Vietnam
- An Introduction to Taxes in Vietnam
- Manufacturing in Vietnam for the China Market
As many international manufacturing enterprises are now looking to expand or relocate their China operations into alternative markets to capture new opportunities or hedge their China risk, the search is currently on to find Asia’s new emerging market darling for foreign investment. In this area, one of the most talked-about regions offering promising prospects is the Association of Southeast Asian Nations (ASEAN). And what better place to start than Vietnam – an already booming Southeast Asian nation.
Vietnam, home to a conducive, established and evolving business environment, offers many attractive advantages for foreign businesses, including a number of preferential policies and tax incentives, free trade status within the thriving ASEAN region and a variety of economic zones and industrial parks with an abundance of low-priced labor.
As the ASEAN region pushes for more enhanced free trade between its 10 member states, Vietnam is poised to grow into an even more attractive location for your business and manufacturing endeavors. Connected to a host of constantly growing and evolving economies nearby, a number of Vietnamese industries and businesses are in a unique position to benefit not just from intra-ASEAN trade but also through the multitude of free trade and double tax agreements ASEAN has with various nations throughout the world.
In this issue of Vietnam Briefing Magazine, we introduce our readers to manufacturing in Vietnam as a key part of their business strategy within the ASEAN region and beyond. Specifically, we explain the new ASEAN Free Trade Area, outline what foreign investors can look forward to when creating their manufacturingpresence in the country, and introduce the country’s key tax points.