If you are a business owner, you may want to consider investing in the Far East. Vietnam is becoming a very popular place for companies to do business and if you are looking for a base in Asia to carry out some manufacturing, this country could be just the place for you and your business. The Vietnamese government has in recent years been seeking investors in a wide range of business sectors and because of this they have made doing business in the country a very attractive proposition. You may find that you are able to enjoy some very good tax incentives by opening up shop in Vietnam.
Sectors that are being encourages to invest in Vietnam include:
- Manufacturing Industries
- Biotechnology
- Information Technology
- Water Treatment
- Waste Recovery
- Forestry and Agriculture
- Transport Infrastructure
If you are doing business in any of these sectors, you will be able to get investment information from specialist websites or from the Vietnamese embassy in your country.
Investing in a Growing Economy
The economy in Vietnam has been growing in recent years and many companies are now opening factories in this country. If you are planning to open a branch of your business in Vietnam, you may need to find a place to work from whist you are setting up. In recent years, more and more companies have started up that specialize in hiring out space in shared offices just for this reason. By carrying out a quick search on the net, you should be able to find a company that can provide you with the space and equipment you need to get started with your new business venture.
Opening a Factory or Office in Vietnam
Opening a new branch of a business can be quite a complex task and you may need to find a company that specializes in office hire when you are first starting out in a new country. By renting some shared office space you will be able to carry out your work in a professional environment and also have access to the very latest office equipment that will help you stay in touch with head office. You will also be able to hire local translators to help you, as many construction professionals may not speak your language. If you need some help with the legal side of setting up a business in Vietnam then you will be able to find local business advisors simply by looking in a local business directory or searching online.
The Ease of Doing Business in a Foreign Country
With some professional help it is surprisingly easy to open up a business in a foreign country. If you have decided to open up a branch of your business in Vietnam, you will be able to find a wealth of useful information on the Vietnamese embassy website in your home country. You will also be able to locate business advisors in Vietnam who have years of experience under their belts with helping overseas investors set up shop in Vietnam. The Vietnamese economy has grown in recent years and the country is now developing into an integral part in the global marketplace. If you do business in some of the sectors mentioned earlier, you may be able to qualify for lower business tax rates and other incentives that are being offered by the government. By getting as much help and information as you can before starting up in business overseas you will be prepared for any glitches along the way. You may also want to read up on the country’s customs and traditions for when you are dealing with locals.
Author Bio:
Georgia Warren is a writer from Regus, a Luxembourg-based business that is dedicated in catering to the office hire and virtual receptionist needs of clients in the UK and abroad.
