6 Key Regulatory Changes Happening In Vietnam

Vietnam's government is aiming to create a favourable environment for foreign investors doing business in the country. Below are the six key regulatory changes every business should know when considering to expand in Vietnam.

Following the establishment of the ASEAN Economic Community, the signing of a number of free trade agreements in 2015 and the Trans Pacific Partnership on 4 February 2016, Vietnam has undergone internal reforms such as Decree No. 60/2015/ND-CP and the new laws on investment and enterprise. The new laws have significantly reduced administrative procedures and shortened the time required to set up foreign-owned companies in the country, providing a favourable investment environment for foreign investors.