List of 25Highly Profitable Business Ideas in Vietnam. Top Easiest ManufacturingBusinesses to Start in Southeast Asian Countries
Why You ShouldConsider Vietnam for Doing Business
First and foremost, it is a fast-growing economy.While it experienced a difficult time following reunification, growth has beenaccelerating for years now, and is projected to continue doing so. It grew atover 6 percent—better than most other large Asian economies. It also boasts alow rate of inflation (0.9 percent) and a manageable public debt load of 58percent of GDP.
Second, it’s strategically located next to twomajor economic powerhouses: China and India. This means that investmentopportunities there are likely to be globalized very quickly...and whatever youdo first in Vietnam will probably be replicated elsewhere soon after.
Third, corruption isn’t as pervasive there as itis elsewhere in Asia...in fact, only Malaysia scored better on TransparencyInternational’s Corruption Perceptions Index last year.
Fourth, its labor costs are going up due togovernment policy designed to increase wages...meaning both wages andproductivity per employee should rise in coming years. Last but not least,there is a lot of domestic market growth available from increasing numbers ofpeople joining the middle class; per capita income rose from $1,100 USD in 2000to $3,100 USD last year.