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Differential business environment |
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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
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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
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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 |
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