Attractive country for residence and working.

Vietnam is one of the fastest-growing economies in the world. Low costs and regulations that encourage foreign investment are only some of the key elements that attract foreign entrepreneurs. 

Trade agreements

The openness to the global economy are the numerous trade agreements Vietnam has signed to make the market more liberal.

• Member of ASEAN and ASEAN Free Trade Area (AFTA)
• Member of World Trade Organisation (WTO)
• Bilateral Trade Agreement (BTA) with the US
• Free Trade Agreement with the European Union 

Stable GDP growth

According to the World Bank, the GDP rate in Vietnam has experienced a stable growth, averaging 6.46 % a year since 2000.

Openness to foreign investment

• Lower corporate income tax rate or exemption from the tax
• Exemption from import duty, e.g on raw materials
• Reduction of or exemption from land rental or land use tax

Competitive labor costs

Vietnam is still a country with low labor costs. Vietnam with its low minimum wage and growing economy is a great low-cost alternative and more and more investors decide to set up their manufacturing companies in Vietnam.