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2023.05.15 Vietnam
Vietnam's Evolving Luxury Market: Opportunities for Italian Companies
Vietnam's luxury market is evolving and growing rapidly, driven by the country's growing middle class, which is increasingly interested in high-end goods and services. The number of ultra-high-net-worth individuals in Vietnam with a worth of at least US$30 million is also forecast to increase by 26 percent to more than 1,500 people by 2026, as stated in the Wealth Report 2022 released by the UK property consultancy firm, Knight Frank. In this context, Italian companies have been taking notice of the country's potential, particularly in the areas of clothing, furniture, luxury cars, and wine.
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2023.03.28 Vietnam
Corporate Governance of a Single-Member LLC in Vietnam
The establishment of a Limited Liability Company (LLC) is a popular investment option in Vietnam, especially for investors from abroad due to its relatively practical setup process compared to other forms of Foreign Direct Investment (FDI), such as Joint Stock Companies.
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2023.02.14 Vietnam
Overview of the Green Investment Opportunities in Vietnam
Vietnam has set ambitious targets for renewable energy development and is working towards a more sustainable economy. According to the National Strategy on Climate Change for 2050, which is stated in the Decision 896/QD-TTg, Vietnam aims to reach net zero greenhouse gas emissions by 2050 and increase the share of renewable energy in its power mix to 20% by 2030.
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2023.01.29 Vietnam
Overview of Vietnam’s Social Security System: A Focus on Foreign Employees
In Vietnam there are three main insurances that make up the social security system for employees in the country: social insurance, health insurance and unemployment insurance.
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2023.01.16 Vietnam
Investing in Vietnam’s Northern Key Economic Region
Vietnam, thanks to its economic resilience, has emerged as a bright spot for foreign investors in the Asia Pacific Region, being listed by the Financial Times as one of the seven better performing economies this year, with an expected GDP growth rate of 7.2% in 2022. Socio-political stability, a young population, and cheap labour force, are just some of the drivers of Vietnam’s remarkable growth, making the country as an attractor of foreign direct investments (FDI).
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