Despite the current global economic challenges, Vietnam’s M&A market is flourishing. The lower costs of labor in Vietnam, which are half the cost of China and its strong infrastructure have drawn multinational companies like Samsung, Nike, Adidas, and others to the country. Furthermore, Vietnam’s geographical location makes it a perfect supply-chain hub for companies with international reach.
While a successful deal depends on a range of factors such as due diligence and digital transformation, it’s vital to protect sensitive data from unauthorized access. VDR technology is the ideal tool to accomplish this, as it provides the security of sharing confidential documents. VDRs also provide file-level encryption, which is more efficient than cloud storage or email.
VDR software also offers the ability to revoke access to files. Users can be certain that their data is safe from hacking theft, and misuse by competitors. Some https://hangbinhdan.com/mastering-due-diligence-in-vietnams-evolving-market/ VDR providers provide two-step verification processes that prevents users who are not authorized from accessing the platform.
With the nation’s increased focus on technology, it’s crucial to choose a trusted supplier who understands your business and can accommodate your unique needs. It is also crucial to be knowledgeable about Vietnamese employment laws, and to speak with tax experts about indirect taxes or double-taxation. To ensure a smooth outsourcing process, it is important to have a good understanding of Vietnamese culture. It is crucial to be respectful of the roles and positions as the Vietnamese place a large emphasis on hierarchy.
