New Issue of Vietnam Briefing: Vietnam and China – A Comparative Look for Foreign Investors - Vietnam Briefing News
Jun. 17 – In this new issue of Vietnam Briefing magazine, we take a look at Vietnam’s increasing attractiveness as an alternative to China as a major manufacturing destination in Asia. Vietnam is increasingly hitting the news for its low labor costs, similar to China many years ago, but the country in fact holds several additional, generally unexplored advantages for foreign investors.
We first take a quick look at exactly how the labor situation is changing in China and which specific companies (in the fields of electronics, toys, clothing and accessories, and automobiles) are shifting production to Vietnam. We then take a step back to take a snapshot of how Vietnam stacks up politically, demographically, geographically and economically and the trend in which it continues to develop, including a closer look at trade with China.
Finally, courtesy of the tax and accounting specialists at Dezan Shira & Associates, we offer a comparison of FDI-contributing countries and foreign investment structures and taxes. Sprinkled throughout are tables based on related indicators from the World Bank’s “Ease of Doing Business” rankings – you may be a little surprised by what you find.
In This Issue:
- China Labor Increases and the Switch to Vietnam
- Comparison of Investment Trends, Vehicles and Taxes
- Economic, Demographic, Infrastructure Indicators
This issue of Vietnam Briefing – Vietnam and China: A Comparative Look for Foreign Investors – is available from the Asia Briefing Bookstore priced at US$10 for immediate PDF download.
Dezan Shira & Associates is boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in Vietnam. To contact the firm, please email [email protected], visit www.dezshira.com, or download the firm’s brochure here.
Vietnam Briefing Magazine is released four times a year. Annual subscriptions can be acquired by clicking here.
Establishing Business in Vietnam
In this issue of Vietnam Briefing, we focus on establishing a business in Vietnam, from the corporate and personal income tax regime, to the various registration procedures investors must go through to establish a legal entity in the country.
Moving from China to India, Vietnam and Emerging Asia
An analysis of factory operational costs in China, India and Vietnam, comparisons between legal structures, labor costs and taxes, and the costs of closing a China factory, including redundancies, against starting a green field site in Asia. Also includes overviews on business cultural differences and commentary on Cambodia and Laos.
China vs. Vietnam as the Future Workshop of the World
The China Alternative – Vietnam
China’s Territorial Disputes in the South China Sea and East China Sea
Devonshire-Ellis: Growth Will Be in Asia, Not Just China