Our collection of resources based on what we have learned on the ground

Resources

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Limited Liability Trading Company in Vietnam

Limited Liability Trading Company in Vietnam

This infographic details the flow between a limited liability trading company and its Vietnam customers and other customers.

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Comparison Between the Different Sourcing Models in Vietnam

Comparison Between the Different Sourcing Models in Vietnam

This infographic details the comparison between the different sourcing models in Vietnam.

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Business License Tax Rates for Economic Entities in Vietnam

Business License Tax Rates for Economic Entities in Vietnam

A table showing the business license tax rates per year with regards to the registered capital of your entity in Vietnam.

Q&A

What are important specifics to keep in mind when looking for a sourcing partner...

What are important specifics to keep in mind when looking for a sourcing partner...

Finding the right sourcing partner to work with can be a complex and stress-inducing process. It is important for a company to clearly define what specifically they are looking for in a sourcing partner and what they expect from the area where that i...

Q&A

What are helpful channels for finding sourcing partners in Vietnam?

What are helpful channels for finding sourcing partners in Vietnam?

There are a variety of helpful channels for finding sourcing partners, these include: Online databases; Official government databases listed by commercial chambers of commerce; Associations of planned products; Professional sourcing agents; Tr...

Q&A

What steps should be taken in choosing a Vietnamese sourcing partner after a lis...

What steps should be taken in choosing a Vietnamese sourcing partner after a lis...

Once a list of potential candidates has been created, it is then time to proceed to the next stage of the process and begin the screening of the different companies. This stage often requires visiting the potential partner’s factories so that a...

Q&A

What entities can foreign investors utilize to create a sourcing platform in Vie...

What entities can foreign investors utilize to create a sourcing platform in Vie...

There are three types of entities a foreign investor can utilize to create a sourcing platform in Vietnam: Representative Office Limited Liability Company o Service Company o Trading Company Each of these sourcing platforms feature several def...

Q&A

Why choose a representative office (RO) to create a sourcing platform in Vietnam...

Why choose a representative office (RO) to create a sourcing platform in Vietnam...

Representative offices are the most inexpensive and easiest type of model to establish. Typical uses for ROs include: Maintaining relations with existing suppliers; Coordinating sourcing activities; Helping with quality control at the suppliers ...

Q&A

What are the downsides of choosing a representative office (RO) to create a sour...

What are the downsides of choosing a representative office (RO) to create a sour...

While an RO is relatively easy to establish and maintain, there are fairly limited in terms of operational scope since they cannot actually issue invoices or sign contracts. However, this can be an advantage because it reduces the accounting and tax ...

Q&A

Why choose a limited liability company (LLC) to create a sourcing platform in Vi...

Why choose a limited liability company (LLC) to create a sourcing platform in Vi...

Unlike a representative office, a foreign-invested limited liability company (LLC) can make profits and issue local invoices in Vietnamese Dong (VND) to its customers. Furthermore, the liabilities of the shareholders are limited by the assets they br...

Q&A

What are the differences between a service company and a trading company for set...

What are the differences between a service company and a trading company for set...

A service company is a Limited Liability Company (LLC) that has as its core activity the provision of services to third parties. Foreign investors involved in sourcing activities use this type of company for activities such as providing market and su...

Q&A

What are the concerns to be kept in mind when choosing the most suitable busines...

What are the concerns to be kept in mind when choosing the most suitable busines...

When selecting the most suitable business model in Vietnam, it is important to carefully balance the capability of each option against the primary needs of the sourcing activities. For example, foreign small and medium sized enterprises (SMEs) that c...

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