Natural disasters happen everywhere unpredictably; there is not much that we can do about it yet. However, deaths caused by preventable accidents are among the most disheartening to me. In Vietnam, preventable accidents are the cause of more than 10,000 deaths every year. This number is unnecessarily high and has caused more than just pain and grieves for the ones who are … [Read more...] about The Cost of Traffic Accidents in Vietnam
World Cup in Vietnam: Bão! (Storm the streets!)
World Cup is ON! Everyone is waiting, staying up all night, screaming, crying, laughing, and hugging in Vietnam for time like this! Before the game: People in Vietnam don't buy TV very often; we usually change our TV once every 4 years (at least my house did). And guess what? The 4 years cycle of buying to TV in Vietnam coincide with the World Cup events. During this … [Read more...] about World Cup in Vietnam: Bão! (Storm the streets!)
Doing Business in Vietnam: 2. Employing Workers
Last time, we got a chance to look at the tax rates for business in Vietnam and found that the local government claims 40.1% of the profits made in Vietnam. This is additional to the expenses on preparing the tax documents. It might seem bad to you, but the same study on the US shows that Uncle Sam takes 46.3% of your profits but requires much less procedures (10 compare to 32 … [Read more...] about Doing Business in Vietnam: 2. Employing Workers
Doing Business in Vietnam Series: 1. Taxes
Vietnam has been on a high real GDP growth rate (which is adjusted for inflation) since it started the economic renovation phase. In fact, its growth rate once ranked 2nd in the world with 8% annual GDP growth rate in the 90's and 7.5% in the 2000's up to right before the current global financial crisis. Even in this crisis, Vietnam real GDP's growth rate is still on the rise … [Read more...] about Doing Business in Vietnam Series: 1. Taxes
Vietnam vs. US in the most current recession
Those of us who are currently residing in the US know that the American financial crisis had led the US and a major part of the European continent into a major recession - largest since the Great Depression of the 1929-1933. The 2007 recession started in the 4th quarter of 2007 until the 3rd quarter of 2009 - 18 months total. This recession brought about an approximately 10% … [Read more...] about Vietnam vs. US in the most current recession