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MY BUSINESS IN ASIA

Starting my business in Vietnam

After years of economic reform to a socialist-oriented market economy, private ownership of businesses is allowed in Vietnam.  Since then, Vietnam’s economy has integrated well with the regional (e.g. ASEAN) and global economies, bringing a substantial rise in trade volumes as well as influx of foreign investment.  

Due to the rapid growth of economic activities,   Vietnam has become an appealing option for business setup for many foreign investors.  Currently, business in Vietnam consists mainly of privately-held companies and large state-owned enterprises.  

With the rise of labour costs in countries like China, many foreign multinationals are turning their attention towards Vietnam which boasts a competitive, abundant and well-trained labour force.  Many large US groups are also considering Vietnam as a strategic Asian market and a key link in their global supply chain.

Should you require any further information or have any inquiries, please do not hesitate to contact us.