The exact time period for company formation in Vietnam varies depending on objectives, scale, location, time, and schedule for project execution of the investor and project decisions on investment policies of the competent authorities.
Vietnam’s economy has shown promising growth after gaining admittance in the World Trade Organisation (WTO). This opened doors to foreign investors as a result of which company formation in Vietnam started gaining immense popularity. Hi-tech companies have claimed that Vietnam offers a great potential for research and development as a result of its state-of-the-art infrastructure and highly adept workforce.
Vietnam also has a flourishing manufacturing sector due to the introduction of a large number of Open Economic zones and lucrative tax incentives.
The apparel industry in Vietnam is on its way to becoming a booming sector.
Vietnam has been a great beneficiary in the US-China Trade War and the same benefits have acted as a catalyst in the Vietnamese Economy whose positive impacts are far reaching in character.
Foreign investors who incorporate a company in Vietnam can own 100% shares in the business in certain sectors.
Vietnamese companies recording tax losses can carry them forward for up to 5 years