Da Nang is a city in
the Central of Vietnam, with the advantage of being a trading place of many
countries in the world. Danang has a large seaport in the top 10 large seaports
of Vietnam, facilitating trading activities with many countries around the
world.
At the present, Da
Nang is promoting foreign investment into Da Nang, and many investors have
chosen Da Nang to do business in the distribution business line. For this
business line, Vietnam has committed to open up to attract 100% foreign
investment. As committed, foreign-invested companies in the distribution sector
will be allowed to provide commission agents, wholesalers and retailers of all
products manufactured in Vietnam and legally imported products into Vietnam.
Therefore, the investors can import or produce goods, then they distribute the
goods in accordance with regulations.
In addition, with the
increasing in the number of tourists coming to Da Nang in recent years, the
demand for consumer products, fashion and other items for tourists has
increased. This triggers demand that many companies to provide essential goods
for tourists, and this is a great investment opportunity for investors both
domestically and abroad. The investors could explore this opportunity to set up company in Da Nang and fill the market’s demand.
In addition, with many
policies to support enterprises in administrative procedures, as well as
management, investors can easily carry out procedures as well as manage and
control their business better. Enterprises investing in Da Nang are now very
satisfied with the way public services are handled in the city’s administrative
procedures, therefore more and more investors are choosing Da Nang as a
destination for investment when targeting in Vietnam.
ANT Lawyers is a Law firm in Vietnam with international standards, recognized by Legal500,
IFLR1000. We are an exclusive Vietnam member of Prea Legal, the global law firm
network coverig more than 150 juridictions. The firm provides a range of
legal services as following to multinational and domestic clients.
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