[𝐍𝐞𝐰𝐬] Asia Business Consulting Meets with the Embassy of the Dominican Republic in Vietnam

Hoang Thu Huyen, General Director of Asia Business Consulting, and Lisa Achziger, an assistantwithin the company, received an invitation from Ralph Anselm Guzman Dorsey, the distinguishedTrade Counsellor representing the Dominican Republic. The meeting was set at the Dominican Embassy in Hanoi, and the objective was to discuss potential collaborations between Vietnamand the Dominican Republic, with Asia Business Consulting as the intermediary.

The Dominican Republic has a rapidly growing economy and the benefit of being located in the center of the Caribbean. Furthermore, there is a 100% tax exemption from municipal and national taxes as well as free trade agreements with more than 40 countries, including the USA, EU, Central America and the Caribbean. These aspects make the Dominican Republic very attractive for potential investors.

Vietnam is the ideal partner for the Dominican Republic because of its affordable labor, young workforce and advantageous location near big markets like China and Thailand. Experts believe that Vietnam will be one of the world's top 20 economies in the next 50 years, which shows its huge potential. In addition, being the second-largest coffee exporter globally makes Vietnam even more attractive for investments.

In the constructive discourse held during the meeting, both parties delved into potential areas for collaboration. The Dominican Republic expressed interest in leveraging Vietnams prowess in technology, telecommunications, agriculture (with a notable emphasis on rice and coffee), and automotive sectors. Additionally, there was mutual interest in cultural exchanges between bothcountries, such as student programs.

The meeting at the Dominican Embassy indicated the beginning of a promising partnership between Vietnamese businesses and the Dominican Republic, assisted by Asia Business Consulting. Asia Business Consulting has worked with exporters from many countries around the world, and has helped them to do business successfully in Vietnam.

To book a free consultation with our team, please email This email address is being protected from spambots. You need JavaScript enabled to view it.

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Asia Business Consulting is a boutique consulting firm specializing in corporate establishment, legal and business advisory, tax and payroll compliance, HR administration, market research to multinationals investing in Vietnam.

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