Run & Expand a Business in Vietnam
Vietnam's 2024 public holidays, such as New Year's Day, Tet Nguyen Dan, Hung Kings Commemoration Day, Reunification Day, Labour Day, and National Day, highlight the country's rich traditions and historical events through various celebrations.
Vietnam's start-up ecosystem in 2023 presents a dynamic and rapidly evolving landscape, attracting significant interest from both domestic and international investors. Despite global economic challenges, the country's focus on innovation, technology, and a robust investment landscape offer promising opportunities for venture capital.
Vietnam's accounting and tax system includes internationally-aligned standards, corporate and personal taxes with varying rates, and strict compliance requirements, making professional guidance essential for businesses, especially foreign ones.
Vietnam's business visa framework caters to foreign professionals and investors with specific visa types, while work permits, requiring qualifications and clearances, are processed through official departments and valid for up to two years, emphasising legal compliance and the importance of professional guidance.
Vietnam's gambling landscape is shifting from historically stringent controls to more open policies, characterised by the emergence of casinos, online platforms, legal reforms for regulated gambling, and efforts to balance economic benefits with responsible practices.
Vietnam's accounting standards mandate specific requirements for various entities, covering aspects like accounting periods, financial statements, inventories, and a unified chart of accounts, with an ongoing transition to adopt International Financial Reporting Standards (IFRS) by 2025.