Company in Vietnam
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VIETNAM, 2017/06/27
2016 was called ‘the year of the startup’ in Vietnam. At no time before has the Vietnamese government shown so much support for startups. Entrepreneurship has been emphasised as a key driver for Vietnam’s economy by the national media and in almost all official speeches made by Vietnam’s new Prime Minister Nguyen Xuan Phuc.People work at the office of food-finder app Lozi in Hanoi, Vietnam, 7 April 2016.
There have been 39,580 new startups with a total registered investment of 369.6 trillion dong (US$17 billion) in the initial four months of 2017 alone, which is a 14 % increase in the number of startups and a 54 % increase in registered investment compared to the initial quarter of 2016. According to Vietnam’s Ministry of Planning and Investment , of the 110,000 businesses registered in 2016, additional than 90 % paid taxes, showing signs of stable operation.
