Viet Nam is an increasingly attractive destination for foreign investors with a rapidly growing economy and a large population of approximately 100 million with a working-age majority as well as many other positive factors. The population of Viet Nam represents 1.23 percent of the world's total population which represents a large, young and dynamic workforce as well as a strong support for the growth of consumption demand. Viet Nam successfully navigated economic headwinds and geopolitical instability to be one of the countries with high economic growth, reaching 5.05% in 2023. Viet Nam's GDP is forecasted to increase by 6-6.5% in 2024.

History has proved that Viet Nam's economy is resilient through crises and Viet Nam is able to adapt to changes, overcome uncertainties and come back stronger. With more than 30 years of social economic reforms – Đổi Mới, Viet Nam has moved from being one of the poorest nations in the world to a lower middleincome country with a number of significant socio-economic achievements. Viet Nam has transformed itself with its sights set on becoming a developing, upper-middle-income country with modern industry by 2030 and a high-income, developed country by 2045.

This guidebook has been prepared by Deloitte Viet Nam to provide readers with an overview of the investment climate, forms of business organization, taxation, business and accounting practices in Viet Nam. Although we do our best to ensure that information contained in this book is current at the time of writing 1 , the rapid changes in Viet Nam mean that laws and regulations may change to reflect the new conditions. Therefore, for specific transactions, definitive advice should be sought.

We hope that you find this book useful in your endeavor to expand your business in Viet Nam.

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