Why Vietnam Is Your Future Financial investment Desired destination

Why Vietnam Is Your Future Financial investment Desired destination

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Vietnam has always been an ideal investment destination for foreign investors, thanks to its strategic location, socio-political stability and a low-cost, yet skilled labour force. In spite of the challenges posed by the epidemic, Vietnam has proved that it can successfully manage the situation and bring its economy back in shape post-pandemic.

Vietnam Market Overview?

In the past 11 months of 2021, Vietnam has been performing fairly well with regard to FDI in spite of the pandemic. There was almost US$26.46 billion in FDI inflows as of November 20 in 2021.

Manufacturing and processing accounted for the majority of FDI flows, followed by distribution and electricity manufacturing as well as real estate wholesale and retail. Singapore, South Korea, and Japan were the leading investor in Vietnam. The main export partners for Vietnam are China, the US, China, the EU, ASEAN, and South Korea, while import top import partners included China, South Korea, ASEAN, Japan, and the EU.

Vietnam is still heavily dependent on importing raw materials. Products manufactured in Vietnam are typically exported to the US and the EU as well as China.

How do investors get access to the market?

There are กองทุนเวียดนาม several ways to get into in the Vietnamese market. They include representative offices (RO), branches office (BO), foreign-invested entity (FIE (also LLC)) and joint-stock companies (JSC) and public-private partnerships (PPP) options. According to our experience, the most sought-after investment vehicles are RO and FIE. RO is easy to set up and can be a good alternative for investors who are new to investing. Companies must however be able to sign a lease agreement prior to creating an entity. The timeframes for setting up can differ so it's best to start with the process early, so that you can avoid hiccups and have realistic expectations.

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