Vietnam is one of the fastest-growing economies in the world. The low cost of living and highly qualified population make it an ideal location for foreign companies who are looking to branch out and invest. However, expanding internationally has its disadvantages as well. Not knowing the local laws and regulations makes it a thousand times harder to open a company overseas.
Foreign direct investment in Vietnam, Foreign direct investment into Vietnam declined 3.2 percent from a year earlier to USD 13.76 billion in January-September 2020. Additionally, FDI pledges, which indicate the size of future FDI disbursements, slumped 18.9 percent in the year to USD 21.2 billion. The manufacturing and processing sector is set to receive the largest amount of investment (46.6 percent of total pledges) followed by gas, water and electricity distribution (20.6 percent). Singapore was the top source of FDI pledges in the period, followed by South Korea and China.
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
---|---|---|---|---|---|---|---|---|
13.76 | 11.35 | 20.38 | 0.40 | 1991 - 2020 | USD Billion | Monthly |
Current Prices, NSA
|
Calendar | GMT | Reference | Actual | Previous | Consensus | TEForecast | |
---|---|---|---|---|---|---|---|
2020-06-26 | 03:00 AM | Jun | $8.7B | $6.7B | $10.1B | ||
2020-07-27 | 08:00 AM | Jul | $10.12B | $8.7B | $11.5B | ||
2020-08-26 | 08:30 AM | Aug | $11.35B | $10.12B | $12.6B | ||
2020-09-25 | 10:40 AM | Sep | $13.76B | $11.35B | $15.1B | ||
2020-10-25 | 08:30 AM | Oct | $13.76B | $17.4B | |||
2020-11-25 | 08:30 AM | Nov | $18.9B | ||||
2020-12-28 | 08:30 AM | Dec | $22.5B |
# FORMS DOING BUSINESS IN VIETNAM
Yes, foreigners can open companies in Vietnam and you’re allowed 100% ownership in most sectors. But, the process can be complicated and laws are complex. Thus, you should seek help from a local service provider that can help you through the process.
Opening a company in Vietnam can cost everything from USD 1,000 to more than USD 10,000. It all comes down to which sector you operate in and the service provider you choose.
You should set aside at least 2 months for the company formation, but it can take up to 6 months or more. The time needed depends on the company structure, the licenses you need, the agent, and more.
At the moment, there’s no predefined minimum capital requirement for most industries.
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