How to Set Up in Vietnam - Preview

V ietnam B riefing · Issue 37 · March 2019 2 Introduction ALBERTO VETTORETTI Partner Dezan Shira & Associates Vietnam’s economy continues to perform well, sustained by continued domestic reforms, a stable government, and the diversification of foreign direct investment in the country. GDP growth in the country is broad based, sustained by strong manufacturing growth and bolstered by a strong external demand. Vietnam’s medium-term outlook continues to be strong, and despite a slack in the economy, inflation is expected to remain around 4 percent of the government target. With such growth, it makes sense that newmarket entrants seeVietnamas a good opportunity to establish in Asia or diversify their regional presence. But setting up in a new country requires some planning. Foreign investors can reduce potential pain points by selecting a corporate structure that best suits their business model, understanding the set up process, and planning for key compliances. In this issue of Vietnam Briefing magazine, we detail company structures in Vietnam and outline the most efficient structure for foreign businesses that seek to take advantage of the country’s investment climate. We showcase a four step set up process, while also highlighting compliance requirements, including auditing and bookkeeping requirements for foreign companies operating in Vietnam. Dezan Shira & Associates’team of corporate structuring specialists in Hanoi and Ho Chi Minh City provide our clients with years of experience in assisting foreign enterprises navigate and manage their corporate establishments within Vietnam. We are always available to discuss questions on how to best structure or scale operations in the country. With kind regards, Alberto Vettoretti Credits Publisher / Alberto Vettoretti Managing Editor / Adam Pitman Editor / Pritesh Samuel Design / Ha Ngoc Anh Thu Reference Vietnam Briefing and related titles are produced by Asia Briefing Ltd., a wholly owned subsidiary of Dezan Shira Group. Content is provided by Dezan Shira & Associates. No liability may be accepted for any of the contents of this publication. Readers are strongly advised to seek professional advice when actively looking to implement suggestions made within this publication. For queries regarding the content of this magazine, please contact: editor@asiabriefing.com All materials and contents © 2019 Asia Briefing Ltd. Asia Briefing Ltd. Unit 507, 5/F, Chinachem Golden Plaza, 77 Mody Road, Tsim Sha Tsui East Kowloon, Hong Kong. www.asiabriefing.com www.dezshira.com www.aseanbriefing.com www.india-briefing.com www.indonesiabriefing.com www.vietnam-briefing.com www.china-briefing.com