Continuously improving infrastructure
Viet Nam is investing heavily in infrastructure, such as highways and sea ports, to provide an efficient business environment for investors. From 2012 to 2016, Viet Nam’s infrastructure spending growth was among the fastest in ASEAN, at 11.5% p.a., nearly double its GDP growth.
This has helped boost the country’s World Bank Logistics Performance Index ranking in 2018 by 25 spots to the 39th position among 160 countries, putting Viet Nam ahead Malaysia, Indonesia and the Philippines.
Strategic location6:15 AM|06/01/2021
Located next to China, Viet Nam’s proximity makes it an ideal alternative location for investors seeking to diversify their supply chains from China. Investors are able to limit interruptions or delays to existing supply chains in China. Additionally, Vietnam’s major […]
Increasing integration into global economy6:13 AM|06/01/2021
Participation in strategic trade agreements, including the AFTA, EU-Viet Nam FTA and CPTPP, demonstrates the commitments of Viet Nam towards trade openness with other countries. Currently, there are 12 FTAs that Vietnamese exporters can take advantage of including agreements with major markets […]
Strengthening institutional and regulatory framework6:05 AM|06/01/2021
Over the years, the Vietnamese government has improved its legal and institutional framework to create a transparent and fair investment environment for investors. This has been reflected in the improvements in Viet Nam’s Ease of Doing Business ranking from 99th […]