How to Set Up an E-Commerce Business in Vietnam

With Vietnam’s e-commerce industry showing strong potential thanks to recent lockdowns due to the pandemic, as well as a rising middle class, it makes sense for companies to show interest in this fast-growing market. Most recently, the likes of several large corporations such as Alibaba have also shown interest in wanting a piece of the […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Shifting Tides: What’s Next for China, Vietnam, Singapore, and Hong Kong in 2021

Following Covid-19 and the Trade War, Asia’s economy is surpassing expectations and recovering quickly.    With a population of over 4.5 billion, the largest GDP in the world, and strong demand for high-quality products and services, Asia is an export powerhouse for many European and US businesses.  Whether it is China’s head start in economic recovery or Vietnam […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam’s Improving Business Environment Amid Pandemic: Provincial Competitive Index 2020

Despite the COVID-19 pandemic, as per the latest Provincial Competitive Index (PCI) 2020, Vietnam’s economic and investment landscape continued to move from strength to strength. The PCI introduced since 2005 is a collaborative report developed by the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID). The PCI measures 10 sub-indices: Low entry costs for business […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam – Belgium Relations: Increasing Trade and Opportunities for Investors

Over the past decade, trade and investment relations between Vietnam and Belgium have improved considerably. This has been attributed to Vietnam’s growing economy and the expansion and globalization of some Belgian corporations. Dezan Shira & Associates’ Head of European Business Development Riccardo Benussi notes, that more Belgian companies are looking to invest in Vietnam, especially with the […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

4 Factors to Consider When Relocating Your Production

Vietnam is experiencing continued and unprecedented growth relative to other low-cost countries. Foreign investors are increasingly choosing Vietnam as a China plus one destination to combat rising costs in China and other unpredictable scenarios, such as trade shocks. This strategy has acquired new value amid the US-China trade war and most recently, the COVID-19 outbreak, which have both impacted manufacturers in […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Business Etiquette in Vietnam – Customs and Tips

Vietnam has one of the oldest cultures in Southeast Asia. While national identity can be complex given Vietnam’s history, locals are proud of their language and its complexities, as well as the distinctiveness of their society and culture. The expression dat viet (Vietnamese land), for example, encapsulates the notion that Vietnamese society have an organic relationship to […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Vietnam and Canada Trade: Leveraging the CPTPP

Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened reaching almost US$9 billion in trade in 2020. In March 2018, Canadian Prime Minister Justin Trudeau signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), representing a step towards greater engagement […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Q&A: All Eyes on Vietnam – Why and How to Enter the Market

Building on Vietnam’s favorable conditions for doing business, namely its strategic location, stable political system, ample workforce, and a relatively open environment for FDI, Vietnam has cemented its position as a safe and stable destination for investment. Its GDP growth in 2020 increased by 2.91 percent despite COVID-19.   The key to such an impressive performance […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates