Nguyen Dinh Nam
Founder & CEO
IPAVIETNAM

Company introduction:

IPAVIETNAM was founded in 2012 by experienced and knowledgeable investment and economic advisors in the fields of international trade and foreign direct investment with the desire to be a trustworthy and effective partner of local and foreign businesses. The goal of IPAVIETNAM is to accompany our partners in effectively growing business and investment in Vietnam.

Our vision is to create an “Investment Hub” by leveraging our high-level networks and connections, and associating with international trade and investment promotion organizations; thus forming a global network of connecting investment to Vietnam.

Working experience:

  • Over 19 years of experience in foreign direct investment promotion field, has advised and assisted hundreds of FDI projects successfully in Vietnam.

  • Organize or co-organize many business matching activities in Vietnam and abroad to connect demands and promote products, services for businesses.

  • Advice on market access and development, information  exploitation and analysis, network building, marketing strategy, effective negotiation skills.

+84-98-369-3699 | namnd@ipavietnam.org
0983693699 | namnd@ipavietnam.org
+84765539748 | tomgiglione@gmail.com

Business costs: Which are the basic costs for new setting up? Are there any different of business costs among North, Central and South regions?

Starting a Business

No.
Procedure
Associated Costs
1
Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate from the local business registration office under the Department of Planning and Investment
$9.52
2
Make a company seal
$7.85 - $17.61 for bronze seal
3
Registration of the seal-sample at the Police Department
$2.38
4
Open a bank account
No charge
5
Publish the registration contents on the National Business Registration Portal (NBRP)
$33.33
6
Pay Business license tax
$47.61
7
Buy pre-printed VAT invoices from the Municipal Taxation Department or obtain and print self-printed VAT invoices
Approximately $9.52 per book
8
Register with the local labor office to declare the use of labor
(Municipal Department for Labor, Invalids and Social Affairs)
No charge
9
Register employees with the Social Insurance Fund for the payment of health insurance and social insurance
No charge
10
Register for trade union with Vietnam General Confederation of Labor
No charge
 

Office, Ready Built Factory and Land Rental

Average Leasing Price
Hanoi
Ho Chi Minh City
Da Nang
Office space
(per sqm / month)
Grade A
$41
$32.5
$18
Grade B
$26
$18.5
$12
Grade C
$12
$12
$10
Ready Built Factory
(average per sqm / month)
$4.1
$3.1
$2.9
Land in Industrial Park/Industrial Cluster
(per sqm / 50 years)
$95.3
$120.2
$55.4
 

Manpower

Zone Area I
(Hanoi, HCM, Hai Phong,...)

Area II
(Hai Duong, Hung Yen, Bac Ninh,...)

Area III
(Vinh Phuc, Phu Tho, Bac Giang,...)
Area IV
(Anywhere else)
Minimum Salary
(Monthly)
$171.60 $151.31 $132.45 $118.69
 
Average Salary Industrial Workers Industrial Engineers Industrial Managers Non-Industrial Workers Non-Industrial Managers
Hanoi $215 $430 $980 $431 $1,073
Ho Chi Minh $193 $425 $1,017 $554 $1,309
Da Nang $158 $341 $706 $327 $1,015
 

Electricity

Use Price (USD/kwh)
  Manufacture $0.07 - $0.12
  Service $0.11 - $0.18
 

Water

Use Price (USD/m3)
  Households $0.26 - $0.68
  Administrative Office, Public Services $0.43
  Manufacture $0.50
  Service $0.95
 

Frequently Asked Questions