Business

How to start a business in Vietnam

When you take a look at the potential for business and profit in Asia, the first location that comes to mind is usually China. The financial power and opportunity that it represents make this nation so overwhelming that a lot of countries in the region tend to be overlooked.

While it is certainly true that China does indeed have a lot to offer you, that isn’t to say that it is your one and only option. There are in fact a lot of other attractive business prospects in Asia that are definitely worth exploring.

What’s more, more and more of these locations are beginning to emerge as the years pass. One of such locations today is Vietnam.

In many ways, this location is the ideal place to set up a business because it is not only profitable in the long run, it is also a lot more cost-effective than any of its immediate alternatives.

If you want to tap into this lucrative region today, one of the first things that you have to see to is secure two important certificates.

The first is the Investment Registration Certificate or the IRC while the second is the Enterprise Registration Certificate (ERC).

You have to get the IRC before you can proceed to the next stage of securing the ERC. It is only after doing this that you will be granted unfettered access to the National Enterprise Registration Portal.

It is here that you will be able to get two crucial things. The first being a business seal while the second is a post seal sample. These two items are essential and critical if you want to run a business legally in Vietnam.

Once you’ve got this, you can then proceed to set up your business structure and other necessary things!

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