Depending on investment business lines, investment conditions, scale of the projects, where investment project is located, other Vietnam State authorities would be involved. MPI in Vietnam takes charge of developing legislation, guiding, consulting and coordinating with other State authority in regard to all investment in Vietnam. Foreign investors apply for investment license at MPI which is acting as the contact point. People’s Committee will be the government body that administer investment activities within its city or province and issue the investment license to the foreign investor.
In case the foreign investor setting-up a business within industrial zone, the management board of an industrial zone will have authority over the investment licensing process. For investment project which is larger than VND 300 billion (around USD 14.2 million) or in conditional investment area, MPI and other ministries will be involved in the evaluation process to recommend to the Prime Minister for approval. Other ministries involved in investment project licensing would be Ministry of Trade and Commerce and Minsitry of Finance for setting up a trading company in Vietnam; Ministry of Science and Technology for investment in high-tech projects in Vietnam; Ministry of Education and Training for setting up education institute; Ministry of Health for investment in hospital in Vietnam, etc to ensure they are complying with the specific industry’s regulations.
Win Win Auditing Company Limited (“Win Win Audit”) established on May 7th, 2010 is one of the biggest auditing enterprises in Vietnam. Win Win was established by auditors with many years of experience in Vietnam in auditing, accounting and taxation advisory fields. The Win Win’s young human resources, who have potential, professional and firm foundation of specialist knowledge, have been developing day by day. Not only does this advantageous basis give Win Win the ability to provide the service to meet the higher and higher demands in observance in Vietnam but it also helps us to satisfy the norm of big professional associations in the world.
We make “Win Win” to be the guideline to work for customers, partners and staffs. Thus, Win Win’s board of managers and staffs are always conscientious with customers and our jobs to give you the most professional and most reliable services.
Win Win has the office in Binh Duong province and Ho Chi Minh City with the professional staff quantity of 50 persons. We have supplied the best services for over 300 enterprises from many countries, many regions.
With all the mentioned abilities, Win Win confidently fulfills any customer needs from easy to difficult.
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Customers preparing to invest into Vietnam do not understand the processes and procedures to implement in accordance with the law.
Customers preparing to invest into Vietnam want to save time and on the issue related to administrative, legal formalities.
Customers looking for a capable enterprise of consulting the overview of issues related to investment such as investment projects, business lines, areas of investment, investment incentives, tax issues, accounting issues, labor for salary.
Customers want to deploy the project as fast as possible in the specified time.
The board of managers and professional staffs with the total quantity of 50 persons, who were well-trained and have the firm foundation, have the ability to grasp the issue and quickly handle your needs. With the professional working style and strong skill in negotiation, Win Win proudly provides the best services to fulfill your needs.
By the activity of uniting with the business associations operating in Binh Duong, such as Korean Chamber of Commerce (KOCHAM) and Taiwanese Business Association, Win Win thoroughly knows the requirement of Taiwanese and Korean customers. Therefore, it’s getting easier and easier for us to support and connect with you.
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The Consultants Roundtable brings together representatives from the major consulting firms with institutional investors and members to discuss investment management and asset allocation issues of common concern. The one and one-half day meeting examines cutting-edge topics from the perspectives of each fiduciary group.
As the industry ticks off another year in the 2nd longest bull market on record, investors remain challenged to properly diligence, source and monitor compelling, yet cost-efficient, portfolio opportunities. If the current era is truly the late-stage of an economic megacycle – characterized by globalization, a low-interest rate environment and central bank intervention – what will be the effects of the new administration’s fiscal policy, normalization of monetary policy and continued structural shifts in the asset management industry? And as hope fades for near-term legislative approval of regulation relaxation, tax reform, and massive infrastructure spending programs, institutions are coming to terms with a much more modest economic reality. If the only certainty is uncertainty, what strategies, tools, and information can best equip asset owners and advisors alike to successfully fulfill the objectives of generating attractive returns and managing risks in the current investing environment?
The 2017 Roundtable for Consultants & Institutional Investors will explore the relationship and interdependency of the various constituents of the asset management industry and provide a venue to discuss the opportunities and challenges in today’s marketplace.
Vietnam – Leading the fast emerging economies
Presently, Vietnam is ranked third in the CIVETS grouping. CIVETS is a group of six emerging economies meant to represent the next wave of development after the BRICs. The group also includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The Asian Development Bank has forecast 6.5% GDP growth for Vietnam in 2012 – a very respectable growth rate at a time when global forecasts have been trimmed substantially.
Since 1990, Vietnam has experienced little in the way of the political crises that affected neighboring countries like Thailand, Myanmar, Indonesia and the Philippines – though it did see its fair share of economic hiccups. Being politically-stable has helped Vietnam thrive. Since the Asian economic crisis of 1997, Vietnam has seen fairly robust growth as it shifted away from central planning towards market mechanisms. Vietnam’s GDP saw robust growth of about 6 per cent from 2008 to 2011. Taking a 20 year view, it is the fastest-growing major ASEAN economy.
2012 appears to be Vietnam’s moment, as it benefits from fresh interest in inward foreign direct investment.
From the Ashes of War
When North and South Vietnam were reunited in 1975, the economy was so severely devastated by three decades of war that thousands of Vietnamese risked their lives trying to flee the country in boats. All this began to change when Vietnam officially reopened its doors to foreign investors in 1986, embarking on the so-called “Doi Moi” program of economic restructuring. This was followed by the lifting of the United States trade embargo in 1994 and its normalization of trade relations with Vietnam in 2000. The U.S trade agreement allowed Vietnam to reduce tariffs by up to 60 per cent, enticing investors from South Korea and Taiwan to flock there. In addition, Vietnam signed free-trade