Vietnam, the heart of South East Asia, is one of the fastest growing economies in Asia. It is also one of the few countries that operates under the socialist system, which means strict governmental regulations. Therefore, it might sound unattractive for businesses. However, in these recents years, Vietnamese government has proven those skeptical eyes wrong.
Right now, Vietnam’s market is more robust than ever. The country is heading toward global integration by becoming members of many international organizations, treaties and agreements. This leads to a significant FDI increase of 6.2% year-on-year, reaching USD 4.12 billion in the first three months of 2019. More and more foreign investors are interest in thriving industries in Vietnam like manufacturing, processing, real estate, and science and technology, etc.
Adding to the lure of Vietnam is a stable political environment together with its low labor costs which makes Vietnam a rising star of the global economy.