In the period of many countries in the world and in the region competing for attracting FDI, especially when the wave of diversification of supply chains after the Covid-19 epidemic is growing sharply, Vietnam is considered to be one of the countries with the most FDI attraction in Southeast Asia for investors to set up company.
Vietnam is a Southeast
Asian country with a fast-growing economy, stable politics, young population,
abundant labor costs and competitive costs compared to other countries in the
region. Besides other names such as Thailand, Singapore, Philippines, Indonesia,
Malaysia, each country has a different advantage to attract FDI enterprises
from Japan, Korea, EU, USA, etc. However, Vietnam is still the expected
destination of many investors.
As a landlocked nation
with an extensive international port system throughout the country, Vietnam has
a superior position in trading and exchanging goods with other countries. With
the investment in infrastructure, the development of international seaports and
airports, Vietnam is gradually becoming a destination for international
investors. In addition, Vietnam’s infrastructure develops relatively evenly
across regions, not so different between regions, so investors can freely
choose the right investment location for themselves.
Vietnam is a country
with a young population in Southeast Asia, a country with the lowest labor
costs in Southeast Asia, the labor force in Vietnam is fully trained in many
different fields. Not only that, workers in Vietnam are gradually improving
their foreign language skills, so that they can meet the needs of international
investors, which will make it easier for investors to find the suitable human
resources. The human resources in Vietnam not only help businesses invest in
Vietnam but also qualified to implement projects of investors in many other
countries.
In addition, Vietnam is
a politically stable country in the region and investors can be assured of
making investments
in Vietnam. Along with that, Vietnamese culture has many similarities with
Japan and Korea, many investors can make investments without worrying about the
cultural differences that will affect the project implementation.
At a time when the cost
of doing business in other countries in the region is increasing, the demand
for investment movement out of China of international investors is growing
strongly, Vietnam needs to seize opportunities, improve infrastructure, create
policy clearance, helping investors to attract maximum quality FDI investors to
invest, set up company, obtain investment registration certificate and business
certificate, transfer in investment capital, hire local people helping create
the economic recovery process and business development in Vietnam.
ANT Lawyers in a law firm in Vietnam, recognized by
Legal500, IFLR1000. We are an exclusive Vietnam member of Prea Legal, the
global law firm network covering more than 150 jurisdictions. The firm provides
a range of legal services to multinational and domestic clients. For advice or
services request, please contact us via email ant@antlawyers.vn, or call us +84
24 730 86 529.
