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Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
The entrepreneurial culture of Ho Chi Minh City, combined with a youthful, progressive workforce and excellent trading links, make this a fantastic destination for businesses looking to expand into the region.
“In recent years there has been a huge increase in the volume of foreign investment into Ho Chi Minh City,” says Trinh Thi Tuyet Anh, business development director at Grant Thornton Vietnam.
“The city government has taken a number of far-reaching steps to clear potential barriers for businesses from overseas, with new policies brought in relating to areas such as land management and public procurement.”
The aim has been to transform Ho Chi Minh City – formerly known as Saigon – into not only a pre-eminent trading hub in the ASEAN (Association of Southeast Asian Nations) region but also the first smart city in Vietnam. To meet this goal, the municipal government has recently signed a memorandum of co-operation with technology company Microsoft.
Anh says that Ho Chi Minh City’s history as a major agricultural trading centre was based in part on its strategically important location near the Mekong Delta in south-east Vietnam.
“In more recent times, the city has always managed to attract foreign firms due to its business-friendly climate and policies, as well as the fact that it is consistently the richest city in the country in GDP terms.”
As well as a busy port, which has docked more than 150,000 ships in the past 20 years, Ho Chi Minh City boasts the nation’s busiest airport. Tan Son Nhat welcomed around 40 million passengers in 2019.
“Ongoing investment will see this number rise by 25% in the next few years, while the local government is also on course to raise the number of seaports in the city to 48 by 2030,” Anh says.
Excellent talent pool
A young population that is well educated across a variety of disciplines provides overseas businesses with a wealth of talent, Anh adds.
“Ho Chi Minh City is home to more than 80 universities, both public and private institutions, and more than 400,000 students from all over the country enrol here every year.”
A number of foreign institutions, including the Royal Melbourne Institute of Technology (RMIT), have also opened branches in the city – some independently and others in partnership with local public schools.
Businesses in different sectors are supported by the numerous specialised economic zones in the city, including the Tan Thuan Export Processing Zone, the Quang Trung Software Park and the Saigon Hi-Tech Park. Tax breaks and other financial incentives are available to firms in sectors such as technology, software, renewable energy and waste recycling.
“These policies are consistent with our plans to move away from assembly activities towards more technologically advanced production and export,” Anh explains.
As well as a booming tech start-up sector, established global businesses such as Samsung, Misfit and Intel have operational bases in the city.
The presence of Vietnam’s first stock exchange in Ho Chi Minh City has also encouraged international financial businesses to set up national or regional headquarters in the city.
Gateway to South-East Asia
A combination of a dynamic business culture, a young, well-educated population, and the presence of numerous major multinationals in Ho Chi Minh City makes this the ideal destination for businesses looking to establish a foothold in this part of Asia.
The huge potential for Ho Chi Minh City to grow into one of South-East Asia’s major trading centres means it is the ideal gateway for companies looking to expand in this part of the world. To find out more about establishing your business here, contact Trinh Thi Tuyet Anh.
Ho Chi Minh quick facts
- Location: Vietnam, South-East Asia
- Time zone: Indochina Time GMT +0700
- Population: 8.9 million
- GDP: USD59.5 billion
- Industrial strengths: Logistics, technology, financial services
- Growth sectors: Digitalisation, Industrial Revolution 4.0
- Regional access: Bangkok 1 hour 35 minutes by air; Singapore 2 hours; Hong Kong 2 hours 45 minutes; Seoul 5 hours 30 minutes