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Creating a company is an exciting journey that requires careful planning and execution. While it can be a daunting task, the process can be broken down into several steps that an entrepreneur can follow to ensure success. Here are the different steps involved in the creation of a company for an entrepreneur. Step 1: Develop...
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Vietnam has been making significant strides towards becoming a global economic player in recent years. With a population of almost 100 million and a young, well-educated workforce, Vietnam has the potential to be a major player in the world economy. In this article, we will explore the reasons why Vietnam is ready for the world...
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Vietnam is a country that has been attracting increasing attention from foreign investors in recent years. Its combination of a low cost of living, low cost of labor, and favorable business environment make it an attractive destination for businesses looking to expand their operations and take advantage of the growing opportunities in the region. In...
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As of 2023, the International Financial Reporting Standards (IFRS) have been adopted by the Ministry of Finance in Vietnam and are used as the basis for financial reporting by most Vietnamese companies. The IFRS was first introduced in Vietnam in January 1st, 2005 and has been gradually implemented by various companies over the past years....
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Ending a company legally involves a process known as “liquidation.” Liquidation is the process of dissolving a company and distributing its assets to creditors and shareholders. This process can be voluntary or involuntary, and is typically initiated by the company’s directors or shareholders. In Vietnam, the steps to legally end a company include: Obtaining approval...
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