19 Jan 2017
Doing Business in Vietnam
Vietnam has achieved substantial progress in economic development following the declaration by the Sixth Party Congress, in 1986, of a broad economic reform package called “Doi Moi”, or “renovation” which led to a more open economy and dramatically improved Vietnam’s business environment.
Up to now Vietnam has successfully transformed from a centrally-planned economy with heavy bureaucracy and subsidies to a socialist-oriented market economy characterized by strong dynamism and rapidly growing entrepreneurship. Vietnam’s economy has integrated deeply into the regional and global economies, bringing about a sharp rise in trade volumes as well as an influx of foreign investment.
This report provides a quick overview of the investment climate, forms of business organization, taxation, and business and accounting practices in Vietnam.
Please click to read the full report.