Under the Asean Economic Community (AEC), a single regional common market of Asean countries will be created by 2015. The regional integration's objective is to create a competitive market of over 600 million people in Asean countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. There will be free flow of goods, services, investment capital and skilled labor following the liberalization. These will include tariff reductions and streamlining of certain administrative procedures. Many businesses have begun preparing themselves three years ahead of time to meet the challenges and opportunities of the Asean Economic Community (AEC).
1. Geographical location
Viet Nam is located in the Eastern part of the Indochina peninsula, bordering China to the North, Laos and Cambodia to the West with a long land border of 4,550 km, and facing the Eastern Sea (South China Sea) and the Pacific to the East and the South. With the land area of 331,690 km2, Viet Nam is an S-shaped long strip of land,....stretching from 8°10' to 23°24' North latitude and from 102°09' to 109°30' East longitude. The country's total length is 1,650 km from the Northern most point to the Southern-most point.....
Viet Nam is located in a region considered a cradle of mankind, one of the earliest agricultural centers practicing wet rice farming, where the stone and metallurgical revolutions took place. On the basis of socio-economic development in the time of the Dong Son culture and given the struggle with nature and against aggression, Van Lang State, the first State in Viet Nam was established in the 7th century B.C. Thanks to their hard work and creativeness, Van Lang (and then Au Lac) residents created a civilization that influenced the entire Southeast Asian region...
The National Assembly is the highest representative organ of the people, the highest organ of state power of the Socialist Republic of Viet Nam, the sole organ that has the constitutional and legislative rights. The National Assembly decides the fundamental domestic and foreign policies, the socio-economic tasks, national defense and security issues, the major principles governing the State machinery, the social relations and activities of citizens. The National Assembly exercises the right to supreme supervision of all activities of the State.
If you want to start up a business in Vietnam, please focus on economy as the targets for your business dealings. With some information below, you will have more and more opportunity to do effective business in Vietnam.
Despite Vietnam’s attractiveness as investment and trade destination, starting up a business in Vietnam may seem rather daunting and even frustrating at times. Before coming to Vietnam, good preparation is essential like: Vietnam Overview, Economy, Financial Banking, Regulations on investment/enterprises, Taxation, Financial Reports and Auditing, Visa and permit, Living in Vietnam. First, please make use of the knowledge of geography, population, language, government, climate and useful contacts. All of these information, you can see below.