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GBS - Located in the cradle of Southeast Asia, Vietnam’s advantageous geographic location can serve as a launch pad and home base for what is already the largest collection of people on earth (the combined populations of ASEAN along with China, Japan, South Korea and Chinese Taipei account for over 2 billion people).
GBS - By adopting Economic and Politic reforms called 'Doi Moi' and 'renovation', from one of the poorest country with per capita income around USD100 in 1986, it has increased rapidly within a quarter of century to nearly USD2,052 by the end of 2015.
GBS - Over the past decade, the social media market in Vietnam has been booming and shows no signs of slowing anytime soon, say representatives of Vietnam Social Media Corporation.
GBS - In a region of the world where some countries remain vulnerable to political and economic instability, Vietnam has benefited from its stable government and social structure, making it an ideal place for capital investment. After 40 years of peace and development, Vietnam has become one of the reliable investment destinations for many countries due to its political stability and consistency. One of the most important factors for FDI enterprises to choose to invest in Vietnam is security.
GBS - The Vietnamese Finance Ministry has proposed rising the VAT rate from 10% to 12%.

If approved, the new rate would apply from 1 January 2019. In addition, there would be a further potential rise to 14% in 2021 according to the proposal.

Final decision will be updated by GBS
GBS - The Department for Economic Zones Management of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organization, administration and foreign investment policies.
GBS - Việt Nam’s Ministry of Planning and Investment (MPI) is drawing up a report summing up 30 years of foreign direct investment (FDI) since approval of the national Law on Foreign Investment, looking back at the impact of opening the country’s doors to multinational companies.
GBS - Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors. We are doing so by vigorously renovating the business and investment climate, and by recognizing that the FDI sector is an integral part of the economy – essential to restructuring the economy and raising national competitiveness.
GBS - Many foreign investors are contributing capital or buying stakes in Vietnamese enterprises.

Sekisui Chemical from Japan in early July signed a comprehensive cooperation agreement with Vietnam’s Thieu Nien Tien Phong Plastics. With a 25.3 percent stake, Sekisui will have a representative on the board of the directors of the company.
GBS - Vietnam can be summed up as full of culture and history. Located on the South China Sea known, this Southeast Asian country is renowned for its beaches, rivers, Buddhist pagodas and cities. Here are some facts of the countries:

1:The country’s name was originally spelled as two words, Viet Nam.

2: The world’s largest cave, Son Doong, is in Vietnam.

3: Vietnam’s flag consists of a golden star with a red background. The five points to represent farmers, intellectuals, workers, youth and soldiers and the  red background pays tribute to the bloodshed during the wars.

4: Their cuisine incorporates the five Asian elements; spicy, bitter, sour, salty and sweet.

5: The highest mountain peak in the region is Fansipan, known as The Roof of Indochina.

6:Traditional Vietnamese culture revolves around the values of humanity, community, harmony and family.

7:Rice terraces are planted that way to enable the crop to grow along the steep mountainsides.

- iol.co.za
GBS - Asia’s newest tiger economy is about to find out the cost of being a member of the club.

GBS is one of the best business law firms in Vietnam with a network South East Asia, Middle East, Japan, HongKong, Malta and Poland.

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