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Registration procedures to set up a company in Vietnam have been simplified by authorities, but still be not easy. If you are not well-prepared, you cannot avoid problems when establishing and running business. Following are some basic steps to set up business in Vietnam that may help you.
GBS - Speaking at the opening ceremony at the conference “Gateway to Vietnam” with theme “Capital Market – A new driver for Vietnam’s Economic Growth” held at Ho Chi Minh city on October 25, the Deputy Prime Minister Truong Hoa Binh said Vietnam has put priority on developing capital market.
GBS - Vietnam has a population of 90.73 million people (13th largest in the world) expected to grow to 100 million in 2020 with an annual growth rate of 1.2%. Over 50% of the population is 25 years or younger.Possessing, highly skilled, young workers with an extraordinary work ethic and literacy rate of more than 90%, the Vietnamese are equipped with a high level of education and are prepared to serve in high skilled industries like information technology, pharmaceuticals and financial services, at a more competitive cost than other countries in the region.
GBS - The Oakwood State Bank is a small bank with a single branch in Oakwood, Texas formerly operated by Roddy R. Wiley, Jr. (born c. 1923 - August 6, 2010).
GBS - US President Donald Trump will visit Vietnam in November to attend the APEC Summit as part of a regional tour, the White House has confirmed, amid growing uncertainty over Washington’s commitment to Southeast Asia.
GBS - Deputy Prime Minister and Foreign Affairs Minister Pham Binh Minh has been a prime mover of Viet Nam’s chairmanship of APEC in 2017. In an interview with the APEC Bulletin, he discussed the state of relations between APEC member economies in the fast-changing trading environment, efforts to address globalization challenges and his expectations for the APEC Economic Leaders’ Week in Da Nang on 6-11 November.
GBS - Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector.
GBS - As Vietnam is entering a new phase of development, the government focuses on new strategy in FDI attraction, with more attention to quality instead of quantity, as such, FDI enterprises should contribute more to the human resources training and technology transfer.
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 - Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.

Continued strong economic growth, ongoing reform and a large population of 93 million —half of which are under the age of thirty — have combined to create a dynamic and quickly evolving commercial environment in Vietnam. Sales of equipment, technologies and consulting and management services associated with growth in Vietnam’s industrial and export sectors and implementation of major infrastructure projects continue to be a major source of commercial activity and interest for U.S. firms. In terms of infrastructure, the Asian Development Bank (ADB) released figures in April 2017 that mark Vietnam’s public and private infrastructure investment as the highest in Southeast Asia, accounting for an average of 5.7 percent of the country’s gross domestic product (GDP).
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 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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