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Cost of Doing Business in Vietnam

I.                  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 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

 

 

II.               Office & Factory lease cost

                      City

Lease Cost

Hanoi

Ho Chi Minh city

Da Nang

Office space

(per sqm /month)

Grade A

$39 - $43

 

$30 - $35

$18

Grade B

$26

$17 - $20

$12

Grade C

$9-$15

$9 - $15

$8 - $12

Industrial Land Rentals

(per sqm/month)

$0.13 - $0.19

$0.26 - $0.42

$0.09 - $0.11

 

III.            Manpower cost

 

 

Zone

 

Area I

(Hanoi, HCM, HaiPhong, …)

Area II

(Hai Duong, Vinh Yen, Hung Yen, BacNinh,…)

Area III

(VinhPhuc, PhuTho, BacGiang,…)

Area IV

(Anywhere else)

Minimum Salary

(Monthly)*

$128.57

$114.28

$100

$90.48

*Based on decree 182/2013/NĐ-CP

 

Average Salary

Industrial Workers

Industrial Engineers

Industrial Managers

Non-Industrial Workers

Non-Industrial Managers

Hanoi

$155

$355

$773

$389

$957

Ho Chi Minh

$173

$347

$810

$512

$1,193

Da Nang

$121

$218

$499

$285

$903

 

IV.            Water Tariff

Use

Cost ($/m3)

Households

$ 0.1476 - $ 0.3286

Infrastructure Facilities

$ 0.2238

Manufacturers

$ 0.2895

Businesses

$ 0.3714

 

V.               Electricity Cost

Use

Cost (USD/m3)

Manufacturers

$ 0.424 - $0.452

Services

$ 0.5 - $ 0.643

 

 

 

VI. Freight cost                                    

From/ To Saigon, Vietnam

                Commodity

 

From/To

Agriculture

Apparel

Computer hardware,

software

Health & Medical Supplies

Home Appliances

Textiles & Leather Products

Yokohama,

Japan

FCL 20 ft

$ 876 - $968

$775 - $857

$868 - $960

$868 - $960

$775 - $857

$775 - $857

FCL 40 ft

$1,308 - $1,446

$1,157 - $1,279

$1,296 - $1,433

$1,296 - $1,433

$1,157 - $1,279

$1,157 - $1,279

FCL 45 ft

$1,439 - $1,590

$1,273 -$1,407

$1,426 -$1,576

$1,426 -$1,576

$1,273 - $1,407

$1,273 - $1,407

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Singapore,

Singapore

FCl 20 ft

$798 - $882

$706 - $780

$ 791 - $874

$791 - $874

$706 - $780

$706 - $780

FCL 40 ft

$1,191 - $1.316

$1,054 - $1,165

$1,180 -$1,304

$1,180 - $1,304

$1,054 - $1,165

$1,054 - $1,165

FCL 45 ft

$1,310 - $1,448

$1,159 -$1,281

$1,298 - $1,435

$1,298 - $1,435

$1,159 - $1,281

$1,159 - $1,281

LCL

$220 - $243

$194 -$215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Busan, South Korea

FCL 20 ft

$678 - $750

$600 - $664

$672 - $743

$672 - $743

$600 - $664

$600 - $664

FCL 40 ft

$1,013 - $1,119

$896 - $991

$1,004 - $1,110

$1,004 - $1,110

$896 - $991

$896 - $991

FCL 45 ft

$1,114 - $1,231

$986 - $1,090

$1,104 - $1,221

$1,104 - $1,221

$986 - $1,090

$986 - $1,090

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hamburg, Germany

FCL 20 ft

$2,140 - $2,365

$1,894 - $2,093

$2,121 - $2,344

$2,121- $2,344

$1,894 - $2,093

$1,894 - $2,093

FCL 40 ft

$3,194 - $3,531

$2,827 - $3,124

$ 3,166 - $3,499

$3,166 - $3,499

$2,827 - $3,124

$2,827 - $3,124

FCL 45 ft

$3,514 - $3,884

$3,110 - $3,437

$3,483 - $3,849

$3,483 - $3,849

$3,110 - $3,437

$3,110 - $3,437

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Long Beach, USA

FCL 20 ft

$1,914 - $2,116

$1,694 - $1,872

$1,897 - $2,097

$1,897 - $2,097

$1,694 - $1,872

$1,694 - $1,872

FCL 40 ft

$2,858 - $3,158

$2,529 - $2,795

$2,832 -$3,130

$2,832 - $3,130

$2,529 - $2,795

$2,529 - $2,795

FCL 45 ft

$3,143 - $3,474

$2,782 - $3,075

$3,116 - $3,444

$3,116 - $3,444

$2,782 - $3,075

$2,782 - $3,075

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Rotterdam, Netherlands

FCL 20 ft

$2,134 - $2,359

$1,889 - $2,087

$2,115  - $2,338

$2,115 - $2,338

$1,889 - $2,087

$1,889 -$2,087

FCL 40 ft

$3,186 - $3,521

$2,819 - $3,116

$3,157 - $3,490

$3,157 - $3,490

$2,819 - $3,116

$3,157 - $3,490

FCL 45 ft

$3,504 - $3.873

$3,101 - $3,427

$3,473 - $3,839

$3,473 - $3,839

$3,101 - $3,427

$3,101 - $3,427

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Osaka, Japan

FCL 20 ft

$790 - $873

$699 - $773

$783 - $865

$783 - $865

$699 - $773

$699 - $773

FCL 40 ft

$1,179 - $1,303

$1,043 - $1,153

$1,169 - $1,292

$1,169 - $1,292

$1,043 - $1,153

$1,043 - $1,153

FCl 45 ft

$1,297 - $1,434

$1,148 - $1,269

$1,286 - $1,421

$1,286 - $1,421

$1,148 - $1,269

$1,148 - $1,269

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hong Kong, Hong Kong

FCL 20 ft

$678 - $750

$600 - $664

$672 - $743

$672 - $743

$600 - $664

$883 - $976

FCL 40 ft

$1,013 -

$1,119

$896 - $991

$1,004 - $1,110

$1,004 - $1,110

$896 - $991

$896 - $991

FCL 45 ft

$1,114 - $1,231

$986 - $1,090

$1,104 - $1,221

$1,104 - $1,221

$986 - $1,090

$986 - $1,090

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Shanghai, China

FCL 20 ft

$710 - $784

$628 - $694

$703 - $777

$703 - $777

$628 - $694

$628 - $694

FCL 40 ft

$1,059 - $1,171

$937 - $1,036

$1,050 - $1,161

$1,050 - $1,161

$937 - $1,036

$937 - $1,036

FCL 45 ft

$1,165 - $1,288

$1,031 - $1,140

$1,155 - $1,277

$1,155 - $1,277

$1,031 - $1,140

$1,031 - $1,140

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

*For reference only

From/ To HaiPhong,Vietnam

 

                Commodity

 

From/To

Agriculture

Apparel

Computer hardware, software

Health & Medical Supplies

Home Appliances

Textiles & Leather Products

Yokohama,

Japan

FCL 20 ft

$993 - $1,098

$879 - $971

$984 - $1,088

$984 - $1,088

$879 - $971

$879 - $971

FCL 40 ft

$1,482 - $1,639

$1,312 - $1,650

$1,469 - $1,624

$1,469 - $1,624

$1,312 -$1,450

$1,312 - $1,450

FCL 45 ft

$1,631 - $1,802

$1,443 - $1,595

$1,616 - $1,787

$1,616 - $1,787

$1,443 - $1,595

$1,443 - $1,595

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Singapore,

Singapore

FCl 20 ft

$743 - $821

$657 - $727

$736 - $814

$736 - $814

$657 - $727

$657 - $727

FCL 40 ft

$1,109 - $1,226

$982 - $1,085

$1,099 - $1,215

$1,099 - $1,215

$982 - $1,085

$982 - $1,085

FCL 45 ft

$1,220 - $1,349

$1,080 - $1,193

$1,209 - $1,337

$1,209 - $1,337

$1,080 - $1,193

$1,080 - $1,193

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Busan, South Korea

FCL 20 ft

$795 - $879

$704 - $778

$788 - $871

$788 - $871

$704 - $778

$704 - $778

FCL 40 ft

$1,187 - $1,312

$1,051 - $1,161

$1,177 - $1,301

$1,177 - $1,301

$1,051 - $1,161

$1,051 - $1,161

FCL 45 ft

$1,306 - $1,444

$1,156 - $1,278

$1,295 - $1,431

$1,295 - $1,431

$1,156 -$1,278

$1,156 - $1,278

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hamburg, Germany

FCL 20 ft

$1,358 - $1,501

$1,202 -$1,329

$1,346 - $1,488

$1,346 - $1,488

$1,202 - $1,329

$1,202 - $1,329

FCL 40 ft

$2,028 - $2,241

$1,794 - $1,983

$2,010 - $2,221

$2,010 - $2,221

$1,794 - $1,983

$1,794 -$1,983

FCL 45 ft

$2,231 - $2,465

$1,974 -$1,982

$2,211 - $2,444

$2,211 - $2,444

$1,974 - $2,182

$1,974 - $2,182

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Long Beach, USA

FCL 20 ft

$1,206 - $1,333

$1,068 -$1,180

$1,196 - $1,322

$1,196 - $1,322

$1,068 - $1,180

$1,068 - $1,180

FCL 40 ft

$1,801 - $1,990

$1,594 - $1,761

$1,785 - $1,973

$1,785 - $1,973

$1,594 - $1,761

$1,594 - $1,761

FCL 45 ft

$1,981 - $2,190

$1,753 - $1,938

$1,963 - $2,170

$1,963 - $2,170

$1,753 - $1,938

$1,753 - $1,938

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Rotterdam, Netherlands

FCL 20 ft

$1,353 - $1,495

$1,197 - $1,323

$1,341 - $1,482

$1,341 -$1,482

$1,197 -$1,323

$1,197 - $1,323

FCL 40 ft

$2,019 - $2,232

$1,787 - $1,975

$2,001 - $2,212

$2,001 - $2,212

$1,787 - $1,975

$1,787 - $1,975

FCL 45 ft

$2,221 - $2,455

$1,965 - $2,172

$2,201 - $2,433

$2,201 - $2,433

$1,965 - $2,172

$1,965 - $2,172

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Osaka, Japan

FCL 20 ft

$907 - $1,002

$803 - $887

$899 - $994

$899 - $994

$803 - $887

$803 - $887

FCL 40 ft

$1,354 - $1,496

$1,198 - $1,324

$1,342 - $1,483

$1,342  - $1,483

$1,198 - $1,324

$1,198 - $1,324

FCl 45 ft

$1,489 - $1,646

$1,318 - $1,457

$1,476 - $1,631

$1,476 - $1,631

$1,318 - $1,457

$1,318 - $1,457

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Hong Kong, Hong Kong

FCL 20 ft

$384 - $424

$340 - $375

$380 - $420

$380 - $420

$340 -$375

$340 -$375

FCL 40 ft

$573 - $633

$507 - $560

$568 - $628

$568 - $628

$507 - $560

$507 - $560

FCL 45 ft

$630 - $697

$558 - $617

$625 - $691

$625 - $691

$558 - $617

$558 - $617

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

Shanghai, China

FCL 20 ft

$827 - $914

$731 - $809

$819 - $906

$819 - $906

$731 - $809

$731 - $809

FCL 40 ft

$1,234 - $1,464

$1,092 - $1,207

$1,223 - $1,352

$1,223 - $1,352

$1,092 - $1,207

$1,092- $1,207

FCL 45 ft

$1,357 - $1,500

$1,201 - $1,328

$1,345 - $1,487

$1,345 - $1,487

$1,201 - $1,328

$1,201 - $1,328

LCL

$220 - $243

$194 - $215

$218 - $241

$218 - $241

$194 - $215

$194 - $215

*For Reference only

VII. Living Cost in Vietnam

 

Prices in Ho Chi Minh City:          

Restaurants

 Average.

 

Meal, Inexpensive Restaurant

$2.58

 

Meal for 2, Mid-range Restaurant, Three-course

$16.41 

 

Combo Meal at McDonalds or Similar

$3.96 

 

Domestic Beer (0.5 liter draught)

$0.94 

 

Imported Beer (0.33 liter bottle)

$1.88 

 

Cappuccino (regular)

$2.24 

 

Coke/Pepsi (0.33 liter bottle)

$0.49 

 

Water (0.33 liter bottle)

$0.32 

 

Markets

Average.

 

Milk (regular), (1 liter)

$1.49 

 

Loaf of Fresh White Bread (500g)

$1.07 

 

Rice (white), (1kg)

$0.73 

 

Eggs (12)

$1.16 

 

Local Cheese (1kg)

$8.39 

 

Chicken Breasts (Boneless, Skinless), (1kg)

$3.38 

 

Apples (1kg)

$2.58 

 

Oranges (1kg)

$1.80 

 

Tomato (1kg)

$0.63 

 

Potato (1kg)

$0.75 

 

Lettuce (1 head)

$0.51 

 

Water (1.5 liter bottle)

$0.57 

 

Bottle of Wine (Mid-Range)

$8.20 

 

Domestic Beer (0.5 liter bottle)

$0.67 

 

Imported Beer (0.33 liter bottle)

$1.33 

 

Pack of Cigarettes (Marlboro)

$1.03 

 

Transportation

Average.

 

One-way Ticket (Local Transport)

$0.23 

 

Monthly Pass (Regular Price)

$7.03 

 

Taxi Start (Normal Tariff)

$0.56 

 

Taxi 1km (Normal Tariff)

$0.66 

 

Taxi 1hour Waiting (Normal Tariff)

$0.91 

 

Gasoline (1 liter)

$1.2  - $1.3

 

Car Rent (Basic Monthly cost)

 

 

Toyota Camry (Sedan)  

$1,500

 

Toyota Innova (compact MPV)

$1,300

 

Utilities (Monthly)

Average.

 

Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment

$56.28 

 

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.11 

 

Internet (6 Mbps, Unlimited Data, Cable/ADSL)

$14.30 

 

Sports And Leisure

Average.

 

Fitness Club, Monthly Fee for 1 Adult

$61.61 

 

Tennis Court Rent (1 Hour on Weekend)

$9.38 

 

Cinema, International Release, 1 Seat

$4.11 

 

Rent Per Month (VAT 10% included)

Average.