Accounting services in Vietnam

Due to its geographical location, its proximity to China and its access to the sea, Vietnam has natural assets that facilitate its recent development. Up to now, mainly multinationals have been established in Vietnam for reasons of market accessibility: regulatory constraints, relatively small market size, heavy financial and administrative costs for entrepreneurs and SMEs.

Since the beginning of the decade, Vietnam has benefited from several factors favourable to its development, especially the rising cost of labour in China, the privatization of public companies, but also the gradual liberalization of the local market. In the past few years, there has been a renewed interest in European SMEs, in particular French SMEs, to establish themselves in the Vietnamese market in order to develop their activities locally with the possibility of spreading throughout the rest of South East Asia.