Historically Vietnam has been a agricultural civilization based on wet rice cultivation. The Vietnam war destroyed much of the countrys economy and subsequent trade embargos, inefficiency and coruption only harmed the economy further.
Decent GDP growth between 1990-2005 saw Vietnam become one of the worlds fastest growing economies. Manufacturing, Information Technology and high tech industries form a large and fast growing part of the national economy. Equally despite being a relative new-comer to the oil business, it is now the third largest oil producer in South East Asia.
According to a forecast in December 2005, by Goldman Sachs, the Vietnamese economy will become the 17th largest in the world by 2025,
As a result international companies are increasingly looking at Vietnam as a place to pitch their services. When providing services in Vietnam they will either have to relocate their own staff or source international contractors. It is very difficult to start a company in Vietnam as a foreign owned enterprise and as such if these companies wish to relocate their staff or source international contractors they will require a locally based Contractor Management Company to provide a full employed local solution for their employees. This will entail Vietnam Permits and local Vietnam payroll.
As an individual, working in Vietnam can be a highly rewarding experience, an opportunity to experience living in the South East Asia, high earning rates and paying moderate levels of income tax!
Our services in Vietnam include:
- Salary Packaging
- Self-Employed / Pty Ltd Companies
- Immigration Lawyers
- Expatriate Tax specialists
- Insurance (Private Health / Travel / Professional Indemnity)
- Bank Account Opening
You can reach all our resources for Vietnam from this page.