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Vietnam
UTC +7
Vietnam
A growing opportunity
Overview
Vietnam, a country with long coastlines, is close to principal markets in Asia as well as main shipping routes
Having signed Free Trade Agreements with major economies around the world brought stable growth to Vietnam's economy. Manufacturing and export sector is the key contributors to the country’s GDP. Its 95 million populations are more than an expanding market. With over half of its population at prime working-age, Vietnam can provide a large workforce at competitive labour costs.
Vietnam's is currently experiencing an infrastructure boom and reform. It now has one of the highest internet penetrations in Southeast Asia, new urban rail networks, and expanding regional and international airports. With no capital requirements and low setup cost, Vietnam maybe a once in a lifetime business opportunity.
FX control
None
Language
English
Population
67 Million
Success Rate
Hight
Incorporate time
1 day
Capital Requirement
£12 - 100
Tax & Finance
GDP (USD)
2.9 trillion
Currency
Pound Sterling (GBP)
Corporate Tax
25%
Income Tax
20%
Mandatory Leaves
Maternity leaves
52
Days
Statutory holidays
7
Days
Annual leaves
28
Days
Sick leaves
87
Days
Total: 174 Days
Labour Condition
Maximum Working Hours
48 hours per weeks
Minimum Wage
4.15/Hr