ASEAN Connected: Vietnam Business Guide
Vietnam is the ninth most attractive destination in the world for foreign investment, in accordance with UNCTAD's World Investment Prospects Survey. Consequently,
foreign direct investment (FDI) flows continue to grow; FDI inflows into Vietnam jumped 17.4 per cent in 2015 to a record of USD14.5 billion.
Key facts about starting a business in Vietnam:
- Vietnam is one of the fastest growing economies in the world; it recorded a GDP growth rate of 6.68 per cent in 2015
- Vietnam is strategically located in close proximity to Southeast Asia's other major and developing markets
- Corporate income tax was reduced to 20 per cent in 2016; this is further detailed in the Tax chapter
- The government enacted the Public Private Partnerships Regulation in 2015, providing opportunities for private sector investment in infrastructure;
further details can be found in the Infrastructure chapter
- Foreign investors are given incentives to use land in industrial parks, hi-tech parks, and economic zones; discussed further in the Trade chapter
Dee-Ann Prather, Down Under Enterprises International
NSW Women in Global Business Award winner
Member of the ECA
“90% of our business is export based and we are expanding rapidly throughout Asia. As we move into new countries and regions it is important to understand the country, culture and business norms and ECA has helped us do this through their programs. ECA has also helped us improve our shipping and documentation efficiency, especially with the new GHS requirements. Overall, ECA is a wealth of information and knowledge and have always been very helpful when we have specific issues or questions.”Become a Member
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