2014 12 Import and Export: A Guide to Trade in Vietnam

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2 - VIETNAM B RIEFING | December 2014
Dear Clients and Readers,
Vietnam is fast becoming the go-to destination for manufacturers looking for
the next location with cheap and skilled labor. However, many businesses may
still be unaware of the fast, and still mainly untapped, potential of the country’s
domestic consumer market. Currently, Vietnam’s middle class sits at 12 million,
but this is expected tomore than double by 2020, reaching 33million people. In
fact, Vietnam’s middle class is now the fastest growing in Southeast Asia. Selling
products into Vietnam, as well as exporting products from Vietnam for sale, is
now an important business opportunity that must not be missed.
In this issue of Vietnam Briefing Magazine, we provide you with a clear understanding of the current
business trends related to trade in Vietnam, as well as explaining how to set up your trading business
in the country. We also attempt to give perspective on what will be Vietnam’s place in the Association
of Southeast Asian Nations (ASEAN) in 2015, and look at some of the country’s key import and export
regulations. Finally, we analyzeVietnam’s important free trade agreements and itsWorldTrade Organization
obligations.
In order to take advantage of the many opportunities available in Vietnam, it is crucial to have a clear
understanding of the legalities surrounding the set-up of your business and the trends taking place within
the market. With more than 20 years of experience in the region, Dezan Shira & Associates (along with
members of the Dezan Shira Asian Alliance) are pleased to assist businesses and investors in exploring
options for establishing or expanding their trading presence in Asia. For additional business intelligence
and regular updates on regulatory, legal, and tax developments related to trading in Asia, please log on
to our region and country-specific websites.
Kind regards,
Introduction
Issue 19 • December 2014
Going to the market
Le Thanh Son
Oil on canvas, 80 x 95 cm
Green Palm Gallery
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This Month’s Cover Art