As a Southeast Asian’s fast emerging economy, Vietnam has experienced a robust growth in over the past 3 years. With a large and dynamic population, the country has emerged to come at the forefront of international trade and financial technologies (such as block-chain and cryptos) and become a very attractive target for international investments.
Located in the centre of ASEAN, Vietnam has a strategic location. It is close to other major markets in Asia, the most notable neighbour of them being China. Its long coastline, direct access to the South China Sea and proximity to the world’s main shipping routes give perfect conditions for trading.
Other than this, Vietnam government has made numerous amendments to their regulations to make investing in Vietnam more transparent and openness to the global economy. Numerous trade agreements, such as Bilateral Trade Agreement (BTA) with the US, Free Trade Agreement with the European Union, Trans-Pacific Partnership (TPP) Trade Agreement, Vietnam has signed to make the market more liberal. All these treaties show that Vietnam is eager to promote the country’s economic growth and will continue its commitment towards trading with other countries.
With the other reasons including stable GDP growth, young demographics and competitive labour costs, many clients have approached Quals for help on how to navigate the Vietnam market. Quals personnel are hands-on and carries out elaborate fieldwork to assist clients to navigate complex business rules and to avoid unexpected “roadblocks” or “land-mines” which can be very damaging.
Working closely with our clients, Quals will develop appropriate market entry options for the Vietnam market in order to enhance our clients’ chances of success. Quals will assist Singapore and international clients to develop from the ideas stage and to commercialising their innovation in the Vietnam. We plan to help Singapore and international clients to access Vietnam’s vast pool of info-technology talents in order to accelerate their digitalisation efforts.
We will also help on Vietnamese businesses to find the like-minded partners to collaborate with them on research & development and product innovation, branding & marketing and distribution. We do this by connecting Vietnamese business owners with our Singapore SMEs and international clients. Our international connections enable Vietnamese business owners’ access to Quals’ base of business partners, suppliers, distributors, and technology partners. We can also help Vietnamese businesses access to international capital to fund their expansion in Vietnam and export development.
Quals is always on the lookout for new ideas, new partners and new business practises. We shared best practices and successes from one industry to clients in another. This is a lifelong learning journey. With Quals’ One Firm, One Mind, there will be no business challenge which we consider unsurmountable as long as we always put our Client’s interest at heart.
Ready to register a company in Vietnam?
Drop us a message in the form below, and we will gladly assist you with your company registration in Vietnam.