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DOING BUSINESS IN VIETNAM 2023
Vietnam's economy registered a strong recovery with a GDP growth rate of 8.02% in 2022, but since the fourth quarter of 2022, headwinds have been negatively affecting Vietnam's economy. Nevertheless, the economic outlook for 2023 is still optimistic as Vietnam is expected to recover in the second half of the year, preserving its position as a rising star in the ASEAN region.
On the other hand, Vietnam continues to make a mark on the global map as an attractive and safe destination for foreign investment. Accordingly, Grant Thornton is pleased to release our annual publication of Doing Business in Vietnam 2023. In this guide, you may find information about:
• The latest update on Vietnam’s economy and expected developments in the upcoming period
• The key sectors for investment in Vietnam
• Guidance on doing business in Vietnam in terms of entity establishment, accounting and auditing standards, taxation, and labour compliance perspectives.
This guide does not cover the subject in full, however, it is intended to answer some of the important questions that may arise for investors. We hope our publication will help you learn and understand further about doing business in Vietnam. Should you require additional professional guidance, we are more than willing to provide consultancy and ascertain where we can be of assistance.
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AVERAGE STARTUP CAPITAL PER NEW BUSINESS DOUBLED TO $800,000
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VIỆT NAM SEEKS NEW GROWTH DRIVERS TO ACHIEVE DOUBLE-DIGIT EXPANSION IN 2027
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VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TURNOVER SURPASSES $1 TRILLION FOR THE FIRST TIME
Total merchandise trade reached more than $1 trillion in the first 10 months of 2026, up 32.3 per cent on-year, according to the National Statistics Office under the Ministry of Finance. Exports hit $499.24 billion, up 27.5 per cent, while imports totalled $511.3 billion, up 37.4 per cent. With imports outpacing exports, Vietnam posted a merchandise trade deficit of $12.07 billion, compared with a surplus of about $19.5 billion a year earlier.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM TO DEVELOP A NATIONAL PROGRAMME TO BOOST MARITIME INDUSTRY
Việt Nam will develop a national programme for the maritime and marine engineering industries through 2035 as part of the effort to strengthen domestic industrial capacity and build a modern, competitive and self-reliant maritime industry. Under Decision 2089/QĐ-TTg, signed by Permanent Deputy Prime Minister Phạm Gia Túc, the Government seeks to address existing difficulties and bottlenecks, mobilise resources and make more effective use of the industry's existing capabilities.
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