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Vietnam follows an export-led growth model, combining trade liberalization and investment incentives to spur export-oriented manufacturing. This has allowed Vietnam to accelerate growth, steadily, over the last decade, and become a leading low-cost sourcing destination. Full introduction can be seen here.
Foreign investors interested in export-oriented manufacturing and accessing global markets may consider a low-cost destination in Asia, such as Vietnam, which is suitably a part of or located near major supply chains. As such, knowledge of Vietnam’s trade environment and regulations that detail export procedures will be necessary to tap into incentives and optimize operations.
In this issue of Vietnam Briefing, we detail export procedures in Vietnam, followed by rules of origin guidelines. We conclude with an introduction of duties, exemptions, and tax rates that traders need to be aware of.
This magazine is based on Dezan Shira & Associates’ years of experience in supporting foreign enterprises in Vietnam. For more information and advice on how to plan a relocation to Vietnam please contact us at vietnam@dezshira.com.
About Us: Dezan Shira & Associates is a specialist foreign direct investment practice that has grown into one of Asia’s most versatile, full-service market entry, legal, tax, accounting, HR and operational consultancies for international businesses and corporate investors and with numerous offices throughout Vietnam, Singapore, Indonesia, China, Hong Kong SAR, India, Europe and North America. Our publishing subsidiary Asia Briefing, founded in 1999, publishes regionally focused briefings which cover, the ten ASEAN countries, China, Hong Kong SAR, India, Russia, Vietnam – and a focused Belt and Road Initiative briefing as well. Our briefing updates provide intelligence to businesses and foreign investors interested in or operating in these international markets via regulatory updates, analysis and commentary on today’s real issues concerning the foreign investor in Asia.
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