Foreign direct investment (FDI) flows into Vietnam have been on the rise in recent years, as greater numbers of foreign companies decide to establish businesses in the country.
As research by The Brookings Institution puts it, Vietnam is a manufacturing miracle. While the rest of the world, especially that of the developed markets, are going through a phase of de-industrialisation, Vietnam has seen a steady increase in its manufacturing sector.
For many businesses, the Southeast Asia region continues to be an appealing location for ventures and economic expansions. Overall, the Southeast Asia region is projected to have a 5.2% growth in 2019-23, according to the OECD.
For the past 30 years, Vietnam has proved it’s worth by being one of the fastest growing economies within Asia. With its young population and quickly growing wealth that’s brought the economy out of poverty and into a lower middle income market, Vietnam has attracted many business’ attention....
By Scott Thomson, Chief Operating Officer, Links International