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Strategic location, abundant resources, and competitive workforce
- Despite global economic shifts and political uncertainties, Vietnam remains a top investment destination in Southeast Asia. Its strategic location, abundant resources, and competitive workforce attract significant capital inflows. A booming consumer market and untapped sectors further entice investors.
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- Rapid Economic Growth. Vietnam is one of the fastest-growing economies in the world, with an average GDP growth rate of 7.1% from 2016 to 2019. Despite the impact of the COVID-19 pandemic, Vietnam still managed to achieve a positive growth of 2.9% in 2020 and is expected to rebound to 6.3% in 2023 and 8.0% in 2024.
- Favorable Demographics. Vietnam has a population of more than 96 million people, with a median age of 30, making it one of the largest and youngest consumer markets in the region.
- Strategic Location. Vietnam is actively strengthening its position in global trade and manufacturing by leveraging its strategic location in Southeast Asia and investing in robust infrastructure development.
- Progressive Trade Agreements. Vietnam is a signatory to several major trade agreements that enhance its market access and investment attractiveness. These include
Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to...
Sep 13, 2023 · Many large US corporations invest billions of dollars in Vietnam as the Vietnamese economy develops rapidly and becomes a destination for investors. Data from the Foreign Investment Agency (Ministry of Planning and Investment) shows that by the end of 2022, US businesses have invested in 1,216 projects in Vietnam, with a total investment capital of
- Top Reasons to Invest in Vietnam
- Economic Outlook
- Vietnam’s Free Trade and Tax Agreements
- Why Do Businesses Relocate to Vietnam?
- Incentives, Workforce and Economic Zones
Vietnam has established itself as a stable, rapidly developing, and high growth destination for international business and foreign investment. Its numerous positive business conditions include a stable political system, consistent track record of high performing economic and market growth, ample workforce of young and skilled laborers, central prox...
A growing economy, expanding middle class and a population reaching 100 million have generated significant revenue in Vietnam from retail sales and consumer services. This continues to increase local disposable income for both urban and rural consumers, resulting in a positive growth outlook in consumer spending and FDI in consumer sectors. Increas...
Vietnam’s accession into the World Trade Organization (WTO) in 2007 marked its ascension as a committed and robust trade partner for the global community. The country has since entered into numerous Free Trade Agreements (FTA) and Double Tax Avoidance (DTA) Agreements, which have the respective functions of establishing terms of trade that countrie...
To size up Vietnam, or any country, as a potential destination for relocation, it is vital that foreign investors diligently research their options across many factors that are relevant to their situation. Such factors may include infrastructure, locations, talent availability, access to raw materials, incentives, supply chain partners and logistic...
Incentives for doing business in Vietnam
The Vietnamese government offers numerous investment-related business incentives and is continually making further improvements through reforms and by further upgrading its incentives to maintain the country’s high appeal to foreign investors. Among all investment incentives, tax incentives tend to be one of the most important to foreign investors and one of the most attractive features of the Vietnamese business landscape.
Vietnam’s promising workforce
Vietnam has one of ASEAN’s largest labor markets, whose strength is approximately 60 million people, and with a labor participation rate of 76 percent. This labor force of almost 60 million workers, is growing by over 1 million per annum. 35 percent of this Vietnam workforce supply is Generation Y born between 1976 and 1995. While Vietnam still needs to develop a highly skilled labor force, it has a young, dynamic workforce that is developing and ready to fill the talent gap. Almost 95 percen...
Investment Zones and Industrial Parks
Vietnam’s ‘Investment Zones’ (IZs) and ‘Industrial Parks’ (IPs) are planned areas which had been earmarked by the government to offer investment and manufacturing advantages, and as such, they play a key role in growth and foreign investment. Industrial Parks are locations where most manufacturing takes place. They offer competitive facilities, infrastructure, logistics, and favorable tax incentives, and thereby offer foreign investors significant opportunities to optimize production and maxi...
Mar 11, 2022 · As of October 2021, the US ranked 11 th among 138 countries investing in Vietnam with 1,134 projects worth US$9.72 billion. Vietnam exports to the US included electrical machinery, furniture and bedding, knit apparel, machinery, and footwear.
Sep 14, 2020 · Vietnam is the third-largest market in Southeast Asia. It also has one of the fastest-growing economies in the world. These are just two reasons why foreign investors want to invest in Vietnam. Below we list the top reasons why you should invest in Vietnam. #1 Strategic location. Vietnam is strategically located in the center of Southeast Asia.
Why Invest in Vietnam? Vietnam – A rising destination for FDI. Despite navigating complex economic challenges, the Vietnamese economy maintained a positive growth trajectory in 2023. As of 2023, Vietnam's nominal GDP is estimated to be 437 billion USD, growing at 5.05%.
