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Common Questions About Running a Business

What counts as a business expense in Vietnam?

One of the perks of running a business is that you can deduct common expenses so long as they qualify. The General Tax Department, Ministry of Finance defines an eligible business expense as ordinary and necessary—essentially, something that’s common in your particular area of business and needed to efficiently do business, such as a truck for a moving company.

Do my business agreements need to be in writing Vietnam?

Generally speaking, contracts and agreements do not need to be in writing, although there are exceptions. Anything involving goods over $500, or services that could take longer than one year typically need to be in writing. Aside from a legal requirement, having your agreements in writing can help ensure you and your business partners are on the same page and protect your rights if there’s ever a disagreement.

How do I expand my business in Vietnam?

Once you have a handle on everything you may start to look at expanding. There are lots of ways to expand: offering new goods or services, finding new markets, and hiring new employees. After you decide which option fits your business the best it’s important that you have a reasonable Business Plan in place.

What tax information in Vietnam should I be aware of?

Small business and large multinationals alike have to pay taxes. Property taxes, payroll taxes, and fees for licenses and permits can all come into play when you’re running your business. While you often won’t have a choice of paying taxes choosing to incorporate can give you more option with how to pay them. Visit our Incorporation page to learn more.

Why Choose GBS?

  • We Make It Simple: We check required documents, file your paperwork, and follow up with goverment agencies. All you need to do is tell us a little bit about your req.
  • Specialists to Answer Your Questions: Our specialists have supported thousands of businesses just like yours. They can walk you through the entire process by phone and answer any questions you have.
  • Legal Help: Whether you need to connect with a lawyer, create legal documents for your business, or need help staying compliant, we're here to help your business grow.

Need More Information?
Contact us at +84835002828 or email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it for more detailed information about what it takes to get started and give yourself the best chance of success.

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Contacts

Global Business Service (GBS) Co., Ltd
Hotline | Whatsapp | Viber | iMessage: (+84) 903189033

Head Office
8th Floor, Trade Centre Building
135A Pasteur Khai St, Ward 6,
District. 3, Ho Chi Minh City, Vietnam
Tel: (84 8) 35002828 - Fax: (84 8) 35233894
Mobile No: +84-903189033 (Ms. Thu)
E-mail: info@gbs.com.vn

Hanoi Office (DNAS)
Suite 301, 5 Ba Trieu Str, Hoan Kiem Dist.,
Hanoi, Vietnam
Mobile No: +84-903189033 (Ms. Thu)
Email: hanoi@gbs.com.vn

Malta Office (BT International)
Suite 2, The Penthouse, Capital Business Centre, Entrance C
Triq taz-Zwejt, San Gwann SGN 3000, Malta
Tel: +356 21637778 - Fax: +356 21634383
E-mail: malta@gbs.com.vn

Japan Office (Sarkar Office Japan KK)
No.2 Saiwai Bldg.3F, 2-13-7 Higashi-Mukojima, Sumida-Ku,Tokyo 131-0032, Japan
Tel: (+81 3) 56319127 - Fax: (+81 3) 56319106
Email: japan@gbs.com.vn

Online Support (GMT+7)

About GBS

GBS is a top 10 best business law firms & outsourcing company in Vietnam with a network of associate firms in South East Asia, Middle East, Japan, HongKong and Poland.

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