Vietnam is a thriving market with an annual economic growth of 2.9% in 2020, despite the ongoing pandemic. It happens to be one of the few economies that has shown positive growth despite the prevalence of the Covid-19 pandemic. Such resilience has attracted investors globally, especially from European countries.
European companies will be able to seamlessly operate businesses in Vietnam owing to the new EU–Vietnam Free Trade Agreement. However, setting up a company in Vietnam involves bureaucratic procedures and documentation that a prospective investor must know about.