Doing Business in Vietnam 2022

Grant Thornton Vietnam’s publication of the 2022 edition of “Doing Business in Vietnam” is out now. This publication will bring helpful information to foreign investors, particularly those who consider starting their business in Vietnam during this “New normal” era. Being one of the few nations to post GDP growth during the COVID -19 pandemic, Vietnam’s economy has proven itself to be resilient and stay as a desirable destination for many investors.

Our publication mainly consists of the latest insights on a brief overview of Vietnam’s economy, key sectors for investment, compliance matters in terms of entity formation, accounting, tax, and labour perspectives in Vietnam.

Link for download here:…/doing-business-2022/

[Promotion for Members] Leader cum Pit stop Facilitator Program

To make “Pit stop” the daily habit of Top Team members, many Top Leaders/ Management Team Members of large corporations requested Global Performance Coach Alain Goudsmet to “transfer the Pit Stop Know-How” for them to grow the Dream Team with result-based mindset & “addicted to progress” spirit. 

Mentally Fit Global has just decided to launch a special program for the Top Leaders/ Management Team Members in Vietnam: Leader cum Pit stop Facilitator

  • Purpose of the program: Develop the Leaders cum Pit Stop Facilitators inside the corporations to grow the Dream Team with result-based mindset & “addicted to progress” spirit
  • Pit Stop, why? To ensure that the Team members are not exhausted of energy due to the non-stop “Active Inertia” of the business world, Leaders cum Pit Stop Facilitators need to decide when to PIT STOP & master the PIT STOP technique to make the most of the pit stop with the team members.
  • Structure of the program
Pit Stop Facilitator program (Please kindly see more details in the attachment named Mentally Fit Pit Stop Facilitator)Head Coach in-charge of the sessionMode of implementationDate & TimeVenue/ Platform
Module 1: Power of Team GlueGlobal Performance Coach Alain GoudsmetOn-site2.00 pm – 5.00 pm, 15/07 (Friday)L’Opera Hotel, 29 Trang Tien, Hanoi
Module 2: Power of Team StretchGlobal Performance Coach Alain GoudsmetOnline2.00 pm – 5.00 pm, 05/08 (Friday)via ZOOM
Module 3: Power of FeedbackGlobal Performance Coach Alain GoudsmetOn-site2.00 pm – 5.00 pm, 18/08 (Thursday)L’Opera Hotel, 29 Trang Tien, Hanoi 
  • Head Coach in charge of this Exclusive program: Global Performance Coach Alain Goudsmet (I have just got the updated info from our colleagues from the Headquarter, Executive Board Assistants, that they could support to successfully re-arrange the schedule of Head Coach Alain. Thus, Head Coach Alain could animate 100% of this Exclusive program for Vietnam market.)
  • Target audience: Exclusive program for Leaders/ Future Leaders only!
    • BOD/ BOM Members 
    • Key successors to the BOD/ BOM Members, especially the next Generation of Leaders of Business Families 
  • Budget: 
    • 972 EUR net (included the 10% subsidy for Viet Nam market in 2022)
    • Proudly the Member of Beluxcham, it is the pleasure of Mentally Fit Global to offer the Members of Beluxcham & Eurocham 5% discount when participating in this Exclusive program.
  • Deadline to register: 07/07/2022 

[Promotion for members] INVESTOR, LEGAL REP, CHIEF REP

Foreign investors, Legal representatives, Chief of representative offices shall be complied with the local laws and regulations to avoid and prevent violations in advance, keep their good standing in optimal manners whenever they are working and doing business in Vietnam.

oreign investors, Legal representatives, Chief of representative offices shall be complied with the local laws and regulations to avoid and prevent violations in advance, keep their good standing in optimal manners whenever they are working and doing business in Vietnam.

The typical required compliance procedures:

  • Professional employee profile – expat profile in Vietnam according to local regulations
  • Local employment relations and manage the implementation of labor contract.
  • Manage taxable incomes and personal income tax declaration
  • Manage compulsory insurances and declaration
  • Expat and Business records management to prove and protect any rights and obligations
  • Ready for any query or requirement from government officers

As we are members of BeluxCham, we would like to present special complementary offers as follows:

  • [01 Free] Temporary Residence Card for Investor, Chief Representative Office or Legal Representative; or
  • [20% discount] For any services related to Employment relations management, Payroll management; or
  • [15% discount] For any other required services in June 2022;

We would assist you to Review | Identify the risks | Offer fully complied – optimal solutions | Hand in hand to manage every single required paper, procedures | Create standard folders for keeping records and backup with scan files accordingly…

BeluxCham attended the Intelligent Community Forum (ICF)

On 21/06/2022, Mr. Guy Balza – Vice Chairman of BeluxCham Vietnam and BeluxCham’s members attended the Intelligent Community Forum (ICF) with the topic “Post – Pandemic recovery, how digital innovation drives growth in our community”.

At the event, The ICF – a forum of nearly 200 prosperous smart cities in the world, officially honoured Binh Duong as one of the Top 7 communities with a typical Smart City Development Strategy in the world in 2022.

ICF has conducted research and evaluated hundreds of cities around the world, selecting the Top 21 (SMART 21). After that, continue to compare and evaluate thoroughly, directly and indirectly with 6 criteria, including: connection – broadband; workforce; innovation; equal access to digital; encouraging and sustainable support, thereby selecting the Top 7 cities with the smartest development strategies.

This is the second time in a row that Binh Duong province has been recognized by the World Smart Community Forum as one of the top 7 communities with smart development strategies in the world. Previously, this province also had 4 consecutive times in the Top 21 (Smart 21).

Since 2011, with the efforts and support from Becamex IDC Corporation, Binh Duong has started an impressive journey of socio-economic development, digital transformation application and innovation in specific projects.

Up to now, a digital and innovation ecosystem is being strongly developed, such as: Smart Operations Center, EIU Campus with Becamex Business Incubator, Fablab, Advanced Manufacturing Center; World Trade Center WTC…

Currently, Binh Duong province continues to develop Smart City projects through the development of specific projects for each field, in line with the national development strategy, directly solving existing challenges with 5 contents: Urban planning and public transport infrastructure; building a culture of innovation; balanced economic development; digital transformation and industrial development 4.0; human resource development.

We would like to congratulate Binh Duong province and Becamex IDC on the remarkable achievement.

25 years of Wallonia-Brussels cooperation with Vietnam

The Wallonia-Brussels General Delegation was set up in Vietnam in 1996. Six years later, bilateral ties continued growing well with the signing of an important agreement between the Vietnamese Government and the French Community of Belgium, the Wallonia region, and the French Community Commission of the Brussels-Capital Region (COCOF).

More than 30 high-ranking official visits have been made, helping to enhance their partnership, mutual trust, and experience sharing toward sustainable development, Dervaux noted.

So far, 783 joint projects approved by the Vietnam – Wallonia-Brussels General Delegation Joint Committee have gained encouraging results. The two sides have given special attention to cooperation in health care, environment, new technology, tertiary education, vocational training, scientific research, culture, and the French language.

Cooperation orientations for 2022 – 2024 will be identified basing on the Vietnamese Government’s priorities in the socio-economic development plan for 2021 – 2025 as well as the strengths of Wallonia-Brussels, Dervaux noted, adding that the level of traditional cooperation will be elevated and new cooperation fields created.

The two sides will focus their ties on social issues, health care, human resources development, culture, scientific research, industrial development, agriculture, and logistics, among others. Reed more here: