Vietnam

Why Vietnam?

  • Prosperous Economic Growth: in January 2018, Vietnam’s GDP growth rate reached a high of 7.65% (source: tradingeconomics.com)
  • Attractive Destination for FDI: Vietnam was ranked as the 18th Top Prospective Host Economy by the United Nations Conference on Trade and Development (UNCTAD) in its World Investment Report 2017-2018 (source: www.unctad.org)
  • High Degree of Global Trade: Vietnam’s total trade for 2019 comprised of USD 22.8 billion in exports and USD 21.3 billion in imports (source: www.ceicdata.com)
  • Promising Development: according to the Ease of Doing Business Report 2019 released by the World Bank, 2019 saw Vietnam eased start-up regulation allowing for higher market productivity and value (source: www.doingbusiness.org)
  • Population of 96.87 million, making it the 3rd largest in South East Asia (source: www.worldometers.info)
  • Dynamic Business Environment: the Vietnamese government has enhanced its institutional regulations and legal framework to favour investors. Combining this with the country’s strategic location, rapidly improving infrastructure and low cost of labour, Vietnam makes for an attractive business hub (source: www.pwc.com)
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