Vietnam is a Potential Investment Market
for Foreign Investors
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| Overview about investment advantages in Vietnam |
When mentioning Vietnam, many people always think of a country with a peaceful and friendly people, various cuisine, long-standing traditional culture and glorious historical thickness, but besides Vietnam is also known as a lively investment market for foreign investors who want to wisely control their money into right place.
General Introduction to Vietnam
Geography
Vietnam is a country in Southeast Asia. The long-form name of the country is the Socialist Republic of Vietnam. The neighboring countries of Vietnam are China, Laos, and Cambodia. The capital of Vietnam is Hanoi. The biggest city is Ho Chi Minh City (formerly Saigon). There are about 95,802,477 people( Data on November 7, 2017) living in Vietnam. The length of the country, from North to South, is 1,650 kilometers (1,025 miles)."At its narrowest point, Vietnam is only 30 miles (48 kilometers) wide". The country is covered in rainforests that are currently going through rapid deforestation. It borders the South China Sea to the east, Laos and Cambodia to the west, and China to the north. The country is slightly larger than Malaysia.
Subdivisions of Vietnam
Geographically, Socialist Republic of Vietnam is divided into 3 regions:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
The Vietnamese government often divides it into 8 administrative regions:
- Northeast
- Northwest
- Red River Delta
- North Central Coast
- South Central Coast
- Central Highlands
- Southeast
- Mekong River Delta
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| Administrative regions of Vietnam |
What investment advantages does Vietnam has?
1. Social-political stability
Vietnam is one of fewest countries that has high stability of economy and politics in the world. Vietnam
ranked 59th out of 163 countries and territories with a score of 1,906 in the
Global Peace Index 2016 and 12th in Asia Pacific rankings. According to
The Independent newspaper in the UK, Vietnam was one of only ten countries in
the world to experience no conflict. Under the leadership of Socialist
Republic of Vietnam, the Government expresses peaceful viewpoint,
cooperation for development and move forwards long-term stability with all countries in the world. The country has raised its economy growth
and expanding trade cooperation in recent years as an official member of World
Economic Organization such as TPP (Trans-Pacific Partnership Agreement),
ASEAN, AFTA, APEC,WTO,etc. These advantages guarantees to bring investors the
comfort and long-term development for projects that they implement in Vietnam.
2. Heart of Southest Asia
Located in the Heart of Southest Asia,
Vietnam owns an extremely favourable geography location than other countries in
the region. It borders the South
China Sea to the east, Laos and Cambodia to the west, and China to
the north. Vietnam is located right next to the East sea - a
special "bridge" of commerce on the map of the world. With long coastline from the North to the South near
International navigation traffic route, the
S-shaped country creates opportunities for exploitation of sea
resources and occupations such as fishing, aquaculture, construction of deep water seaport for
import and export activities, tourism and other related fields. VN
is also located on the Trans-Asia Road 140.479km, facilitating road trade
between countries in Asia and Europe.
3. Young generation and abundant, cheap labour cost
Vietnam population tends to younger and younger in the
working age, including skilled and unskilled labor evenly distributed across
the country.
The current population of Vietnam is 95,802,477 people on
November 7, 2017, according to the latest data from the United Nations. The
labor force, aged 15 and over nationwide in 2016 is estimated to be 54.4
million people, an increase of 455.6 thousand people compared to 2015. Labor
force in working age is estimated at 47.7 million people, an increase of 275.9
thousand people compared with the previous year. The number of laborers aged 15
and over in 2016 working in economic sectors is estimated at 53.3 million, an
increase of 451.1 thousand over 2015. Of the total number of workers aged 15
and over who are working in 2016, agriculture, forestry and fishery accounted
for 41.9%; the industry and construction sector accounts for 24.7%; Service
sector accounts for 33.4%. The number of working people aged 15 and over
working in 2016 in urban areas accounts for 31.9%; rural area accounts for
68.1%.
Vietnam population is famous for industrious and high-principled people, they was
trained thoroughly in various occupations, familiar to high technology meeting
the needs of industrialization in the years to come. they have bright prospect
to be a young and potential workforce contributing greatly to economic
development for enterprise, Industrial parks in particularly and Vietnam in
general.
4. Open policies of the Government
LAND INCENTIVES
1. Exemption from land surface or water
surface rental from the date the project is completed and put into operation,
specifically as follows:
a / Three (3) years for projects on the list
of investment encouragement sectors and at the new production and business
establishments of economic organizations which are relocated under plannings
and relocated due to environmental pollution.
b / Seven (7) years for investment projects
in geographical areas suffering from difficult socio-economic conditions.
c / Eleven (11) years for investment
projects in geographical areas suffering from difficult socio-economic
conditions; Investment projects on the list of special investment encouragement
sectors; Projects on the list of encouraged investment domains in areas with
difficult socio-economic conditions.
d / Fifteen (15) years for projects on the
list of sectors eligible for investment promotion, which are invested in
geographical areas with extremely difficult socio-economic conditions; Projects
on the list of special investment encouragement sectors for areas suffering
difficult socio-economic conditions.
2. For
agricultural projects:
- Special investment
incentives: free land use
- Investment
incentives: 70% reduction of land use fees
- Investment
incentives: 50% reduction of land use fees;
More than incentives for investors, please follow this website for overall information:
Update Industrial Parks and Industrial zones In Vietnam
Vietnam currently has 340 industrial parks and industrial zones across the country.
Investing in Vietnam will be a wise choice of investor!
We are proud of being top five reliable company specializing in investment fields in Vietnam. Please contact us for inquiries through email via: info@fdi-vietnam.com or or call us directly at + 04.32020505. Our official website: fdi-vietnam.com. Let us help your business in Vietnam.
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