INTRODUCE 

1. About Vietnam

Currently, Vietnam stands on radar to increase the scale of foreign investment. It is also an alternative destination of choice outside of China because it has successfully created a developed manufacturing base geared towards a production that is above the value chain. This is supported by a number of key fundamentals including strategic location, business-friendly environment and competitive labor costs, to lift the country's foundation.

With a coastline stretching over 3,200 km along the South China Sea, Vietnam possesses a particularly favorable geographic location, providing excellent access to major shipping routes around the world. This is considered a significant advantage, promoting the nation's participation in the China + 1 strategy. Therefore, many giant manufacturers are choosing Vietnam, especially the North of Vietnam, to support the war. Their Chinese strategy +1. They are maintaining major operations in China and strengthening their supply chains with additional operations in Vietnam, as evidenced by the increasing share of foreign investment into the North over the decade.

2. Achievement has been achieved

3. Overview

  • Capital: Hanoi city
  • Adjacent to China, Laos and Cambodia
  • Population: 95.5 million (2017), average age: 29
  • Currency: Vietnamese Dong
  • GDP per capita (2019): US $ 2,739

4. Strategic location

  • Southeast Asia Center (ASEAN)
  • Connect with 3.1 billion people within 3500 km (3-4 days of transportation)
  • Located along the main maritime route Singapore - Hong Kong
  • Domestic market> 90 million people

5. Vietnam, one of the highest FDI receiving countries in the region:

Despite the increased uncertainty that puts pressure on global FDI, down 1% from 2019, capital investment in Southeast Asian countries (SE) continues to grow double-digit (19% y-o-y). period) and reached 177 billion USD. Vietnam, one of the most attractive destinations in the region, recorded a total of US $ 38 billion in the year, an increase of 7.2% compared to 2018. Of which, manufacturing is still the largest contributor, up to 65% of total new registered capital, one of the highest in the region.

6. Global economic integration

  • Eliminate trade barriers through 13 free trade agreements signed
  • Many other free trade agreements are under active negotiation
  • Trade with countries accounts for 66.52% of global GDP
  • Easy access to 4.1 billion market

7. Excellent labor market

Vietnam has a very large workforce, with the 3rd largest number of employed workers in the region. Moreover, Vietnam outperforms many other Southeast Asian countries in terms of human capital index with the second position, just behind Singapore. Favorable rankings are the result of high scores in education-related categories, showing the quality of the workforce.