Why Vietnam Is a Top Choice for Business Setup and Expansion?

Vietnam is becoming a very popular country for starting and expanding businesses. It is attractive to entrepreneurs, startups, and large international companies because it is easy to register a company, has business friendly tax rules, provides easy access to nearby Asian markets, and has well developed ports, logistics, and trade facilities. All these factors make Vietnam a strong and practical choice for companies that want to grow internationally. 

1. Easy and Fast Business Setup 

• Online Registration: Most companies in Vietnam can now be registered online within 35 days, thanks to digitalization of the registration process. 
• Foreign Investment Friendly: Vietnam allows 100% foreign ownership in most sectors, with certain restrictions for strategic industries. 
• Startup Incentives: The National Startup Support Program (2025) provides grants, mentoring, and resources for tech, innovation, and high growth startups. 

2. Favorable Tax Policies 

• Corporate Income Tax: The normal company tax rate in Vietnam is 20%. Some businesses, such as high-tech companies, export businesses, and research-based companies, can pay lower tax rates. 
• VAT (Value Added Tax): The usual VAT rate is 10%. Some sectors like high-tech, education, and healthcare pay a lower rate of 5%. 
• New Incentives (2025): From 2025, the government is giving tax benefits and discounts to businesses working in green energy, technology, and innovation. 

Advantage: Vietnam has low and clear tax rules, and the government gives extra tax benefits to certain industries. Because of this, businesses can earn more profit, making Vietnam a very good country for investors. 

3. Strategic Location for International Expansion 

• Gateway to Southeast Asia: Vietnam has trade agreements such as the EVFTA (EU-Vietnam Free Trade Agreement) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) with many countries, including Europe and Asia. This makes it easier and cheaper for businesses to export goods and do business across borders. 
• Growing Digital Economy: From 2024 and 2025, the government is supporting e-commerce, fintech, and digital businesses, creating more opportunities for technology startups and online companies. 
• Infrastructure & Logistics: Vietnam is investing heavily in ports, transportation, logistics, and smart cities, making business operations faster and more efficient. This makes Vietnam a strong base for expanding into nearby countries. 

4. Perfect for Trading, Import/Export, and Selling 

• Vietnam is a great country for trading, import, export, and selling products because of its good location, modern ports, and free trade agreements (such as EVFTA and CPTPP). 
• Businesses can easily sell goods to nearby countries like Thailand, Malaysia, and Singapore. 
• Free trade agreements allow companies to pay less in taxes (tariffs) when selling or exporting their products to other countries. This makes exporting goods cheaper and more profitable. 
• The Vietnamese government gives special benefits and incentives to companies that focus on exports. 

5. Skilled Workforce and Innovation Support 

• Young workforce: Vietnam has many young people who are ready to work and learn. 
• Skilled talent: Workers are well trained, especially in technology, manufacturing, and logistics. 
• Multilingual employees: Many professionals can speak English and other languages, which helps international businesses. 
• Government support: The government offers grants and funding to support new businesses. 
• Mentorship programs: Startups get guidance and advice to grow faster through the National Startup Support Program. 

6. Political and Economic Stability 

Stable Environment 

• Vietnam has clear and well-defined business laws. 
• Government rules are transparent and reliable. 
• Foreign investors can do business with confidence and less risks. 

Long Term Growth 

• Vietnam is continuously improving its economy through reforms. 
• Trade friendly policies support foreign and local businesses. 
• The market is expected to grow consistently in the coming years, offering long-term business opportunities. 

Full Support from CSG Advisory 

At CSG Advisory, we provide end-to-end support for businesses looking to expand in Vietnam: 

Company Setup and Registration 
We help you register and set up your company from start to finish, without hassle. 

Non-executive Director Services 
We provide non-executive director services to meet legal requirements and keep your business details confidential. 

Bank Account Opening 
We assist you in opening local and international business bank accounts smoothly. 

Accounting and Tax Compliance 
We take care of bookkeeping, VAT filings, and corporate tax compliance, so you stay fully compliant with local laws. 

Local Legal Representative 
We provide a local legal representative to ensure your company meets all legal and regulatory requirements. 

Advantage: With CSG Advisory, you get full support to start, manage, and grow your business in Vietnam without hassle. 

Conclusion 

Vietnam is one of Southeast Asia’s top destinations for easy company registration, full foreign ownership, competitive taxes, and special incentives, it’s ideal for trading, importing/exporting, and selling products. Its strategic location provides access to ASEAN and Asia-Pacific markets, while a skilled workforce and innovation program help businesses grow. With CSG Advisory’s full start-to-finish support, Vietnam is not just a market it’s a gateway to growth, trade, and international expansion.