DOING BUSINESS IN VIETNAM

1. DOING BUSINESS IN VIETNAM HIEN HOANG NGOC VIETNAM AUDITING AND ACCOUNTING CONSULTANCY LTD COMPANY Welcome to Vietnam

2. DOING BUSINESS IN VIETNAM • Contents: • Introduce about Viet Nam • Vietnam, it’s business and economic climate • The economic grow of Viet Nam • Favorable legal framework for doing business in Vietnam • Viet Nam Auditing and Accounting Consultancy ltd company

3. DOING BUSINESS IN VIETNAM INTRODUCE • Vietnam is a rapidly developing country with a dynamic and emerging market economy. Located in South East Asia. • Shapes like the letter S • Divided into three parts • Led by Communist Party • Population: Approximately 88.78 million

4. DOING BUSSINESS IN VIETNAM Viet Nam, it’s business and economic climate • Vietnam’s economy continues to expand and modernize, and with the opening up of previously restricted industries and sectors, to meet WTO commitments, more opportunities continue to develop in VN. • Together, the Investment Law and the Law on Enterprises create a more favorable and clearer legal framework for doing business in Vietnam Local and foreign businesses alike now enjoy an excellent backbone for future development in Vietnam • All types of companies must operate according to the same corporate governance rules. This should create a level playing field for doing business. The failure to comply with these corporate rules will lead to personal liability for directors or officers of a company, regardless of whether the company is foreign-owned, Vietnamese-owned or State-owned. Similarly, the Investment Law also now applies to both local and foreign investors

5. DOING BUSINESS IN VIETNAMThe economic grow of Viet Nam The following are some actual data to give a clear overview about Vietnam economics Firstly, The foreign direct investment data • The major goal of Vietnam's FDI policy is to attract capital, advanced technology and management skills in order to explore the country's potential effectively, increase savings and improve the population’s living standards • 2012 registered FDI : USD 13.01 billion; 2011 disbursed FDI: USD 10.5 billion • 2011 registered FDI : USD 14.7 billion; 2011 disbursed FDI: USD 11 billion • Source: http://www.gso.gov.vn/default_en.aspx?tabid=491

6. DOING BUSINESS IN VIETNAMThe economic grow of Viet Nam • Secondly, The Gross Domestic Product data: The main industries contributing to 2012 GDP include the processing, agricultural, trading and services and mining industries

7. DOING BUSSINESS IN VIETNAMFavorable legal framework for foreign businesses doing business in Vietnam Vietnam Tax and business laws were implemented with many compelling priority laws to attract foreign capital investment and encourage international integration. Should you require professional assistance we are willing to meet you to see if we can help. • Tax incentives - Traditionally a tool widely used by government agencies to attract investment into Vietnam, the range of tax incentives available has been reduced in recent years. New start-up businesses may have to compete with more established enterprises with long-term legacy incentives but which new entrants cannot access. • Before January 1,2009,Law on Corporate Income Tax 2003 and guidelines stipulated the establishment of new enterprises in industrial zones with preferential tariff for difficulties local economic - social conditions (20% tax rate for 10 years); business in case of the manufacturing sector in the industrial zone are entitled to higher incentives (tax rate of 15% in 12 years). • However, from January 1,2009, revised Law on Corporate Income Tax does not contain provisions on tax incentives for new businesses established in the industrial zone (reserved incentives only for corporate has invested before 2009) • For more detail you can be check on website: http://www.gdt.gov.vn/wps/portal

8. DOING BUSSINESS IN VIETNAMViet Nam Auditing and Accounting Consultancy ltd company • Viet Nam Auditing and Accounting Consultancy Limited Company (AVA) is a financial consulting firm in accounting, auditing and professional appraisal • Established in October 10, 2006. • Head office is located in Hanoi City : 80 staff • Branches in Nghe An and QuangNinh: 30 staff • Rating no. 14th out of 200 Viet Nam Audit firms by VACPA • As of 2013, AVA has 27 auditors and 20 evaluators – who are members of VACPA. • AVA has more than 300 regular customers

9. DOING BUSSINESS IN VIETNAMViet Nam Auditing and Accounting Consultancy ltd company • AVA plays positive role in contributing to the general development of Vietnam; by committing good quality of services for each client. AVA is always taking care of clients’ concern. Clients’ success is always the prerequisite for our future target and action plan. • With high qualifications and experiences, AVA is a leader in professional services in Vietnam and meeting the highest level of clients’ needs. • As a member of MGI, we would like to share knowledge with our members and to learn from them. We are always available for our members and partners who are interested in Vietnam’s commercial/trading market. We could give you assistance; advice or recommendation about Vietnam tax, law, market environment and economic situation.

10. DOING BUSINESS IN VIETNAM The Vietnam Auditing and Evaluation Company. The 14th floor, Building HH3, My Dinh Urban, Me Tri, Hanoi, Vietnam Website: www.kiemtoanava.com.vn WE WISH US AN ENJOYABLE TIME CẢM ƠN!