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
Become A Member
Group Managing Director, doq®
Member of the ECA
"Our mission is to connect Australia and Japan – by using our local knowledge to service clients in the Asia Pacific region that we can grow with. This
allows us to develop cross-cultural marketing solutions that are mutually beneficial, both for our Australian and international partners. Being a part
of the ECA has been an important asset to our growth; setting a high bar to reach for, providing a valuable network, introducing us to new leads and
informing us of changing trends. We look forward to continuing to be the specialists in anything Japan-related and are proud to be associated with
Down Under Enterprises grows, produces, exports, and markets traceable and sustainable native Australian essential oils and botanicals. We source from their farm, Buhlambar, and also from small growers across Australia.
Founded in 1991 in a spare bedroom to sell Tea Tree Oil from Dee-Ann’s parents’ farm, Down Under Enterprises has since grown to support over three dozen Australian farming families.