Why the interest in Vietnam?
Full Name Socialist Republic of Vietnam
Population 97.7 million people (est. 2019)
Largest City Ho Chi Minh City
Area 329,247 sq km (127,123 sq miles)
Major Language Vietnamese
Life Expectancy 69 yrs (men), 74 yrs (women)
Monetary Unit
Dong (VND) 22,700 VND = $ 1.00 USD
Main Exports Textiles, Garments, Furniture, Metalworks, Rubber, Rice, Tea, Coffee, Petroleum, Seafood, Plastics
GNI per Capita $2,200 USD (2017)
International Dialing Code (Saigon) +84
Why the interest in Vietnam?
Worldwide Companies are seeking new primary and secondary sources for low cost manufacturing and supply bases.
The China factor (China Plus One Strategy) of increasing production costs, removal of incentives, rising foreign exchange rates, new employment protection laws and political uncertainty have effected the bottom-line of Buyers everywhere.
Vietnam represents a “first mover opportunity” for those who want to make the investment in time, energy and money.
Vietnam represents both import and export opportunities.
Stable and equal socio-political environment
Competitive cost of labor
Foreign Direct Investment strongly supported by Government
Main investors … USA, Japan, Singapore Taiwan, South Korea and Hong Kong
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