Why is the Manufacturing Industry in Vietnam so Strong?
The manufacturing industry in Vietnam continues to grow and strengthen for many reasons but mainly due to the abundance of highly skilled workers. The Vietnamese are skilled at hand assembly work and the quality of hand assembly work is very competitive.
Vietnam Investment Environment Seminar
Vietnam, as the most eye-catching emerging economy in Southeast Asia in recent years, continues to attract a large amount of foreign investment. At present, Singapore, South Korea and Japan have a large amount of investment in Vietnam. With the gradual liberalization of epidemic prevention and control policies, more and more international enterprises have begun to consult the recent situation of investment in Vietnam.
Interfoam Vietnam Investment Environment Seminar is fully supported by Ho Chi Minh Municipal Government and local business associations. This seminar aims to share professional industry information, such as Vietnam's preferential policies, the process and procedures for setting up factories in Vietnam, so as to help investors improve the efficiency of enterprise landing and help promote high-quality industrial parks.
ADB sustains 6.5% GDP growth forecast for Vietnam in 2022.
Ho Chi Minh City’s Consumer Price Index (CPI) increased by 0.45% in October, with eight of the 11 groups of goods and services witnessing an increase in prices, the municipal Statistics Office reported on October 31，2022.
The Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to 15 million USD by 2025 from the current 6.32 million USD.
Date：August 23, 2023.
Location：SECC
Population of Vietnam
For now, cheap labor remains a major competitive edge to pull in investment. In a recent survey among U.S. companies, Vietnam has become the first market they are looking to expand in across ASEAN, due to many advantages like low labor costs, good personal security and a stable government and political system.
Policy of Vietnam
Proactively and actively engage in international economic integration following a roadmap in conformity with the national development strategy till 2010 and the 2020 vision. Make proper preparations for the signing of bilateral and multilateral free trade agreements. Promote comprehensive and efficient cooperation with ASEAN and Asia-Pacifific countries.
FDI of Vietnam
As of March 20th, 2022, the total newly registered capital, additional capital, contributed capital and the right to buy shares of foreign investors over USD 8.9 billion, equivalent to 87.9% over the same period last year. The capital generated by FDI projects was estimated at USD 4.42 billion, an increase of 7.8% over the same period in 2021.
