Vietnam is a developing country, a dynamic and emerging market economy that is well known for its abundant, young, hard-working, and very fast-learning work force. At the end of 2016, statistics show that the country has 54.44 million people above the age of 15. GDP has constantly increased at the level of around 5.98% in 2014, 6.68% in 2015 and 6.21% in 2016. Besides, the consumer price index (CPI) was stabilized with 4.09% in 2014, 0.63% in 2015 and 2.66% in 2016.
Together with other factors such as favourable demographics, political stability, Vietnam has been becoming an attractive destination in South East Asia for foreign investors.
However, there are a number of issues, which you must consider when you are looking to set up your business in Vietnam. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.