Vietnam Market Entry
Chapter 1 3 KPMG in Vietnam Chapter 2 3 The Vietnam Value Proposition Chapter 3 4 Market Entry Group Chapter 4 4 Market Entry Process Chapter 5 5 Strategic and Commercial Intelligence Chapter 6 6 Tax and Regulatory Analysis Chapter 7 7 Deal Execution Chapter 8 8 Post Deal Support Chapter 9 9 KPMG Team
KPMG in Vietnam
KPMG is the largest professional service firm in Vietnam. Partners in the Firm have been active in Vietnam since the country opened its doors to foreign investors in the 1990s and the Vietnam member firm was incorporated in 1994. KPMG has active offices in Hanoi, Ho Chi Minh City and Phnom Penh. With more than 800 professional employees in Vietnam, KPMG is proud of its ability to deliver international standard professional services encompassing: •
Audit Tax Advisory Market Entry
KPMG is recognised by the Ministry of Finance (MOF) and Vietnam Association of Certified Public Accountants (VACPA) as Vietnam’s largest Audit and Advisory firm in the terms of revenue, Partner numbers and overall human resources. KPMG Vietnam was awarded ”Vietnam Tax Firm of the Year 2010” by International Tax Review. As a leader in the professional services industry, KPMG is an active participant in the reform programme, and regularly advises the Government and international organisations in support of Vietnam’s reform and integration programme.
The Vietnam value proposition
The fast growing Vietnam market offers a number of attributes that make investing in Vietnam attractive to foreign investors: •
Stability: as one of Asia’s and the world’s fastest growing economies, Vietnam has remained a country with political and social stability. •
Increasing Integration: Vietnam has implemented a raft of legal reforms and is a member of ASEAN and the WTO. This helps provide a comprehensive roadmap towards economic prosperity in the next decade and provide enhanced Market Entry alternatives for both new and existing participants. •
Unlimited Upside: Vietnam has a young, educated and motivated population of nearly 87 million people and is a gateway to the Greater
Mekong Region (including Thailand, Cambodia, Laos, Myanmar and the southern provinces of China) providing an increasingly affluent market of over 250 million people. Vietnam’s average GDP growth rate has been as high as 7 .26% per annum over the past ten years and this robust GDP growth rate is expected to continue over the 2011 – 2020 period, averaging 7-8 % per annum. •
Transparency: Vietnam is campaigning hard to combat corruption and enhance its reputation as a safe country for foreigners to live, work and invest in. Bureaucratic reforms in recent years have been aiming at streamlining business processes and providing a more consistent interface between market participants and the Government.
Market Entry group
KPMG has responded to the need for comprehensive, reliable and quality Market Entry support by forming the Market Entry Group – a team of professionals drawn from KPMG’s Tax & Advisory divisions in Ho Chi Minh City and Hanoi. The mission of this group is to provide international standard services to potential market participants. The group acts as a bridge between participants and Vietnam’s authorities and trading partners, providing intelligence, advice and support regarding
Vietnamese regulatory, financial and commercial issues. Where necessary and appropriate, KPMG will work with external partners, including Vietnamese consulting firms and international law firms to ensure the success of Market Entry projects. Whether providing a comprehensive “turnkey” market entry solution, or addressing a specific issue or problem in support of a larger project, KPMG has the resources and expertise to provide dedicated professional support to entities exploring, entering or altering their presence in the Vietnam market.
Market Entry process
KPMG’s Market Entry...
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