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June 29, 2022 01:09 AM
Investing in Asia, particularly in Vietnam, has become a potential solution due to its stable growth after the global economic fluctuations.
An overview of investment climate in Asian countries
The Asia-Pacific region stands out as a dynamic market with diverse manufacturing industries, including light industry, heavy industry, and high-tech industry. In the post-Covid-19 era, it was reported to have the highest growth rate among global markets.
Asia is a region with huge potential, particularly Southeast Asia as it offers an abundant supply of affordable labor resources and generates high-value export commodities. The strength of Southeast Asia lies in automotive and food packaging industries in Thailand, machinery and petrochemicals in Indonesia, food and apparel production in The Philippines, aerospace engineering and components in Singapore, and electronics manufacturing in Malaysia and Vietnam.
The competition to attract foreign direct investment (FDI) still remains intense. Each country capitalizes on its geographical advantages, favorable policies, labor resources, and natural resources to attract billion-dollar investment projects from European countries. For instance, Vietnam, with its numerous advantages, has successfully attracted a 1 billion USD investment from Danish toy manufacturer Lego to construct factories there.
Investment in Vietnam: The new potential destination for investors
Vietnam has experienced remarkable growth in foreign direct investment (FDI) inflows over the past decade, surpassing most Southeast Asian countries, as reported by investment bank Maybank. This indicates that Vietnam has strengthened its position compared to other countries in the region.
Due to the impressive growth, Vietnam will continue to appeal foreign businesses:
Businesses that are interested in this project or in need of advice about investment in Vietnam, please contact our Hotline at +84 789 75 77 88 for support.