Why invest in Vietnam - Investment Guide

Why invest in Vietnam?

Why Vietnam?

Strategic location

Vietnam's proximity to Southeast Asia's other major and developing markets is one of the key components to attract foreign investors.

Growing economy

Vietnam's gross domestic product has trebled in the last decade, from 27.5 billion U.S. dollars to 89.1 billion dollars in 2008, and its very high import and export volumes make it one of the world's most open economies.

Favorable investment policies

Laws encouraging foreign investment and domestic private investment started to appear in the late 1980s. These culminated in July 2006 with a new Law on Investment and a Law on Enterprises, both of which went a long way towards ensuring that both foreign and domestic companies are treated equally under one set of laws.

Major exporter of the world's manufactured goods

Vietnam is now a major source of the world's manufactured goods, especially garments and textiles, a major producer of agricultural commodities such as rice, coffee and rubber and has rapidly developing tourism, mining, services and high-technology sectors.

Motivated and adaptable workforce

Vietnamese workforce is considered motivated, adaptable and entrepreneurial, while professionals typically speak English, and possibly another foreign language as well.

(Source: Ministry of Planning and Investment)