In 1986, the government introduced “Đổi Mới”, a series of economic and political reforms, and steered the country to becoming a “socialist-oriented market economy”. Armed with the necessary infrastructure and with market-friendly policies in place, from being one of the poorest in the world, today Vietnam has become a hub for foreign investment and manufacturing in Southeast Asia. Its economic growth of 6-7% rivals China, and it’s exports are worth as much as the total value of its GDP. Anything from Nike sportswear to Samsung smartphones are manufactured in this ASEAN nation.
Our Vietnam desk offers a support system for Vietnamese clients looking to successfully do business in India and also helps Indian clients looking to successfully do business in Vietnam. In addition to an affiliate firm in Vietnam which has offices in cities of Hanoi, Ho Chi Minh, Nghe An and Quang Ninh, we also have a dedicated team of professionals in India who will help you navigate the specifics and intricacies of doing business in Vietnam/India for set up, tax law and regulatory compliances. Our firm has long-standing relationships with several leading Vietnamese professional services firms, lawyers and trade bodies and will guide your way in Vietnam. If you have any questions or need any clarifications regarding doing business in Vietnam/India, please do not hesitate to contact us at mgbco@mgbco.com