Introduction

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Why Viet Nam
Differential business environment

 

 

Ø      Tangible procedures for offshore outsourcing has been established, refined and implemented to ensure companies hit the ground running from day one

Ø      Some of the established procedures are minimum customs formalities, relaxed monetary exchange controls, attractive tax incentives and deductions for R&D training.

Ø      The Vietnamese government provides many investment incentives. Corporate income tax is low compared to other countries in the region

 

 
Strategic Advantages

 

The changes of economic policy which have taken place in recent years have placed Vietnam in an advantages position to exploit the full its resources. These include:

 

Ø      Location:        

·         Located in South East Asia, with the potentiality in the South to open a major regional centre of commerce

·         Abundant natural resources, largely unexploited and in large measure still relatively unexplored makes Vietnam a potential country for outsourcing

·         Vietnam is also a transport junction from the Indian Ocean to the Pacific Ocean

Ø      Market: A new – developed and potential market. After joining WTO, Vietnamese market has offered a great opportunity for investors to enter and set up their businesses so as to expand for growth here.

 

Ø      Work force:

·         A vibrant intelligent, well educated, adaptable, hard working workforce very willing to assimilate new technologies

Ø      Labor cost:

At a point of development where labor costs are very competitive with other countries further down the load of industrialization