Google Shows Interests in Vietnam IT Industry

E-commerce, IT and software development have been developing incredibly fast in Vietnam over the years making it potential for IT business to be set-up. With more than 93 mil of population which 52% having access to internet.  The average Vietnamese using Google to extract information from internet is three times higher than world average.  Vietnam has been rated top 10 Asian countries with fastest growth rate of internet users....

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Vietnamese Restaurant Chain Attracts Foreign Funds

To meet the demand of growing of young consumer, the food and beverage services in Vietnam have been attracting investment in setting up business, M&A activity. The Vietnam business community recently is not out of surprise when a series of Vietnamese restaurant chains are invested by famous overseas funds with millions of USD. The start-up project with the restaurant chain named “Kafe Group” by Chi Anh Dao, a female chef and businesswoman born in 1984 has just got the attention by receiving an investment amount of 5.5 million USD...

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Why Japanese Companies will Increase Investment into Vietnam

When Japan sought to diversify the investment other than to China, Vietnam emerged as attractive destinations for international investors. Within the last few years, companies doing business in China began diversifying its investment and reduce dependence on the China market. This is the result of increasing labor costs as well as the structural reforms taking place in China. In this context, Vietnam emerged as a potential destination for foreign companies which are looking for new investment opportunities.  Entering into...

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Investment Through Signing Contracts in Vietnam

Business co-operation contract (BCC) means the investment form signed between investors in order to co-operate in business and to share profits or products without creating a legal entity.Build-operate-transfer contract (BOT) means the investment form signed by a competent State body and an investor in order to construct and operate commercially an infrastructure facility for a fixed duration; and, upon expiry of the duration, the investor shall, without compensation, transfer such facility to the State of Vietnam.Build-transfer-operate contract...

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accounting

ANT Consulting provides a complete range of financial, accounting and reporting services designed to help clients do business in Vietnam efficiently by focusing on core business.By outsourcing the service to us, we could ensure your financial reporting is transparent, up-to-date and accurate. We manage our clients’ accounting processes and reporting – both internal and external – without any conflict of interest. Our service gives client clarity of accounting stands at all times, ensuring full transparency.We also provide a flexible and scalable...

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Benefits of Setting Up Business in Danang

DANANG IS CONSIDERED AN IDEAL DESTINATION FOR INVESTMENT. THE RESULT SHALL BE INCREDIBLE WHERE WE EVALUATE ON THE FOLLOWING ASPECTS:Danang – one of the strategic economic centers of Vietnam’s central regionIn March 13th, 2004, the prime minister signed a decision to establish central region’s strategic economic center, including 05 provinces and cities: Thua Thien Hue, Danang, Quang Nam, Quang Ngai and Binh Dinh to promote potential, geographical...

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Set-up Branch Office in Vietnam

The Branch of a foreign business entity in Vietnam (referred as “The Branch”).Means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to enter into contracts in Vietnam and conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist...

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Vietnam Supports Australian Enterprises Investing and Setting-up Business in Vietnam

DURING AN OFFICIAL VISIT TO AUSTRALIA, IN THE MORNING OF MARCH 17TH (LOCAL TIME), IN SYDNEY, PRIME MINISTER NGUYEN TAN DUNG AND HIGH-LEVEL DELEGATION TO THE GOVERNMENT OF VIETNAM HAD THE DIALOGUE WITH THE BUSINESSES OF VIETNAM AND AUSTRALIA’S ON THE DEVELOPMENT OF VIETNAM’S ECONOMY AS WELL AS THE OPPORTUNITIES, PROSPECTS FOR COOPERATION BETWEEN THE TWO COUNTRIES. The dialogue of Prime Minister Nguyen Tan Dung has attracted the participation of hundreds of large enterprises of Vietnam and Australia in the areas of banking, finance, energy, oil...

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Vietnam Personal Income Tax Laws Foreigners Should Know

AS THE DEADLINE FOR DECLARING PERSONAL INCOME TAX (PIT) IS APPROACHING, WE ARE REVIEWING SOME TAX LAWS IN VIETNAM THAT FOREIGNERS WORKING AND EARNING IN VIETNAM SHOULD KNOW AND COMPLY.Law No. 71/2014/QH13 dated 26 November 2014 issued by Vietnam National Assembly amending five tax laws including Law on Personal Income Tax (“PIT”) and Law on Tax Administration provides with regulations on PIT finalization.Vietnamese Government further issued a number of regulations on tax declaration, payment and finalization, as follows:1. Decree No. 91/2014/ND-CP...

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General Accountant Position

We are currently hiring General Accountant position for our client in Hanoi to take cares of accounting and tax in Vietnam.Requirements:BA degree in Accounting, Tax;English capability in reading and writing;English capability in speaking is preferred;Communication skills;2 – 3 years of experience in trading enterprises or Accounting and Tax service firms;Prepare monthly Corporate Income Tax, Value Added Tax, Personal Income Tax declarations;Familiar with accounting software;Prepare payroll for employee;Experts in Balance Sheet, Income Statement,...

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Big Manufacturer Waves Enter Vietnam

Facing difficulties in manufacture and consumption, some big car manufacturers in Thailand and Indonesia are planning to find new market in ASEAN. Moreover, recently, LG Electronics- the world’s second largest television manufacturer also intends to move from Thailand to Vietnam. According to Federal Thailand Industry –FTI’s figures, In 2014, 881,800 cars were sold in Thailand, decreasing 34% compared to 2013. That is the second year in two consecutive years the market is in recession. It was a strong effect to decrease the quantity of output...

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Bloomberg Considers Vietnam as “New Tiger” in Asia

AFTER SEVERAL DISAPPOINTING YEARS, BLOOMBERG SAID THAT VIETNAM’S ECONOMY IS CONTINUOUSLY EMERGING IN ASIA, WITH THE ADVANTAGE OF A YOUNG WORKFORCE AND IMPRESSIVE GROWTH. According to the news, the large corporations as Samsumg, Intel have poured money into the factories in Vietnam leading Southeast Asian countries to emerge as new tiger in Asia. After renovation in the 1980s, Vietnam’s economy has grown rapidly, exceeding 7% before leveling off in recent years due to the increase in bad debt from the state sector. According to PricewaterhouseCoopers...

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Vietnam Supports Australian Enterprises Investing and Setting-up Business in Vietnam

DURING AN OFFICIAL VISIT TO AUSTRALIA, IN THE MORNING OF MARCH 17TH (LOCAL TIME), IN SYDNEY, PRIME MINISTER NGUYEN TAN DUNG AND HIGH-LEVEL DELEGATION TO THE GOVERNMENT OF VIETNAM HAD THE DIALOGUE WITH THE BUSINESSES OF VIETNAM AND AUSTRALIA’S ON THE DEVELOPMENT OF VIETNAM’S ECONOMY AS WELL AS THE OPPORTUNITIES, PROSPECTS FOR COOPERATION BETWEEN THE TWO COUNTRIES. The dialogue of Prime Minister Nguyen Tan Dung has attracted the participation of hundreds of large enterprises of Vietnam and Australia in the areas of banking, finance, energy, oil...

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