[Grant Thornton] Doing Business in Vietnam 2024

2023 marks a challenging year for the world economy with the slowdown of consumption and production activities and escalating geopolitical tensions. Amidst global uncertainties, Vietnam demonstrated a high level of resilience and recorded a respectable annual GDP growth rate of 5.05% in 2023, which is 1.5 times higher than the global average. In addition, the stable flow of FDI capital in 2023, which was mainly directed towards the manufacturing sector, placed Vietnam among the most important links in the global supply chain.

Recognizing the immense potential that Vietnam holds for foreign investors, Grant Thornton Vietnam is pleased to release our annual guidebook “Doing Business in Vietnam 2024”, unveiling helpful information regarding:

• The reflection on Vietnam’s economy in 2023 and the outlook for the rest of 2024;
• The current state of ESG Practices in Vietnam’s business community;
• Grant Thornton’s survey on the global and Vietnam’s mid-market;
• Highlighted incentives for certain key sectors for investment in Vietnam;
• The comprehensive guide to navigating regulations concerning entity establishment, accounting and auditing, taxation, and labour compliance.

This guide does not cover the subject in full, however, it is intended to answer some of the important questions that may arise for investors. We hope our publication will help you learn and understand further about doing business in Vietnam. Should you require additional professional guidance, we are more than willing to provide consultancy where we can be of assistance.

Download full PDF at: Doing Business in Vietnam 2024

Thank you @Source by Grant Thornton Vietnam