Vietnam may be familiar to the American public, thanks to a lengthy war fought in the 1960s and 1970s, but the country has only recently began to attract the attention of investors. After shifting from a highly centralized planned economy to a socialist-orientated market economy, the country has become significantly more attractive to international investors looking to diversify into frontier markets.

Are you in search for the best small business opportunities in Vietnam? Are you considering starting a business in Vietnam but you simply lack ideas on what business to start? If YES, then I advice you read on as this article will help solve this problem.

Introduction

Not since Vietnam’s corporate and investment law were overhauled to prepare for accession to the World Trade Organisation (“WTO”) in 2007 has Vietnam seen as many legal changes as in 2015. A new Law on Enterprises and a new Law on Investment each took effect on 1 July 2015, and represent an effort to harmonize investment and licensing procedures for foreign and domestic enterprises.

GBS  | A Business and Legal Services company was was one of the first professional law firms in Vietnam. We have been in constant improvements both in the depth and range of our services. Benefiting from the experience and expertise of the team of consultants as well as a new generation of employees with international qualifications has meant that the work of GBS has reached a high level of professionalism.

Understand the financial obligations of a business owner in Vietnam…