As the average age of the Vietnamese people is of 29 years, Vietnam has a very young population with a lot of potential and high entrepreneurial spirit. The young people are very eager to learn and are hard workers, meaning that a strong workforce for new businesses is rising up. As English is becoming the most commonly used language for studies, the country is a very interesting one for foreign investors and companies to settle in. In addition, due to the Confucian way of thinking, education is strongly valued.
Looking at the last years, economic growth has been very stable. Since the Asian financial crisis, Vietnamese GDP has been constantly rising. This may be a safety factor for investors.
In addition, the stable government of Vietnam is another opportunity and pull-factor for pursuing business in Vietnam. Nevertheless, government procedures are slow and any new accomplishments happen very gradually and take a while to be implemented.
The export industry of Vietnam is booming. Due to many recent Free Trade Agreements, such as the Trans-Pacific-Partnership with the USA or the accession to the ASEAN economic community (AEC), Vietnam in constantly increasing the amount of its exports.
Vietnam has the highest Internet penetration rate in South East Asia, which explains why the Vietnamese are very tech-savvy at a young age already
As one of the most populous countries in the world with a population of over 90 million people, Vietnam represents a huge pool of potential customers for many investors.
As the average age of the Vietnamese people is of 29 years, Vietnam has a very young population with a lot of potential and high entrepreneurial spirit. The young people are very eager to learn and are hard workers, meaning that a strong workforce for new businesses is rising up. As English is becoming the most commonly used language for studies, the country is a very interesting one for foreign investors and companies to settle in. In addition, due to the Confucian way of thinking, education is strongly valued.Looking at the last years, economic growth has been very stable. Since the Asian financial crisis, Vietnamese GDP has been constantly rising. This may be a safety factor for investors.In addition, the stable government of Vietnam is another opportunity and pull-factor for pursuing business in Vietnam. Nevertheless, government procedures are slow and any new accomplishments happen very gradually and take a while to be implemented.The export industry of Vietnam is booming. Due to many recent Free Trade Agreements, such as the Trans-Pacific-Partnership with the USA or the accession to the ASEAN economic community (AEC), Vietnam in constantly increasing the amount of its exports.Vietnam has the highest Internet penetration rate in South East Asia, which explains why the Vietnamese are very tech-savvy at a young age alreadyAs one of the most populous countries in the world with a population of over 90 million people, Vietnam represents a huge pool of potential customers for many investors.
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