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I think because procedures to set up a company in Vietnam too complicated, and Vietnamese law is difficult to research.

Ex: Setting up a 100% foreign owned company in Vietnam

Those are 2 step:

1. Getting certificate of Investment Registration

2. Getting certificate of Business Registration So that, the cost of setting up a company in Vietnam too high.

You can learn How to start a business in Vietnam from A to Z at plf.com.vn/start-a-business-in-vietnam

This tutorial cover almost legal issues you need to know when doing business in Vietnam Regards,

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Q: Why the cost of setting up a company in Vietnam too high?
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