ASEAN's Promising Market for Foreign Direct Investment
Vietnam has made rapid progress over the past several decades, averaging GDP growth rates exceeding 7% all throughout the 1990s and 2000s. The country remains one of Asia’s more promising markets as it opens to foreign investment — and buying property is arguably the best way to gain from Vietnam’s economic rise as a whole.
Vietnam has especially become competitive in its industrial sector. China is falling in popularity among global companies that increasingly prefer building factories in Southeast Asia. This is probably caused by rising costs, more regulations, weaker growth, and a strong “home-bias” in the Chinese market. A looming trade war with the United States also certainly doesn’t help problems in Asia’s biggest economy. Whatever the cause might be, East Asia is experiencing a downturn while Southeast Asia is on the rise
Vietnam has made rapid development and the country’s economy is expected to overtake many Southeast Asian countries in the years to come. When it comes to investing in Vietnam, from early 90s up until now, Vietnam has brought in the strong inflow of foreign investments, with average GDP surpassing 7% each year.
Apart from the country’s beautiful sceneries and amazing beaches, what draws in all the interest of foreign investments are the numerous business opportunities, abundant resources, inexpensive workforce, a strategic location to China and favourable business environment.
Vietnam is the 14th largest country by population with 95 million people. By 2030, the population will further grow to 105 million people. When a country’s population is growing, it means that the demand of manufactured goods will rise as well. As the cost of labor has been increasing in China significantly, the huge population in Vietnam provides a cheaper alternative and greater skilled workforce.
We help you to get connection and set up business abroad, with a winning strategy over your competitionRead more
We help you to build the world-class teams and drive value for your businessRead more
Ensuring compliance and keeping up with fast-changing accounting and tax service standardsRead more
How To Get Work Permit in Indonesia?
How To Get Halal Certification in Indonesia?
How to get a work permit for teaching English in Vietnam?
The Vietnam Education System in the Era of 4.0 Industry
Level 6A, Dien Bien Office Building, No. 9A Lane 9 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Hanoi
Phone: +84 918 866 858