Indonesia and Vietnam are both among the fastest growing economies in the world. Besides being part of the Association of Southeast Asian Nations (ASEAN) and APEC, they both have large and rapidly growing populations and many other similarities.
Many international investors have found Indonesia and Vietnam an attractive destination, improving ranking of both countries on this year’s ease of doing business. Recently Indosight made its second expansion in 2016 (first one being to Bali) and opened an office in Ho Chi Minh City. Because of that we have put together a guide that gives you an understanding of how to do business in Vietnam and Indonesia and what are the similarities and differences.
This article gives an overview of the possibilities of economic progress in densely populated countries- Indonesia and Vietnam. The investment climate, forms of legal entity, taxation, business practices and the key labor legislations in Indonesia and Vietnam for your evaluation while considering whether to start a business in Vietnam or Indonesia or in both markets will be discussed later.