One of the fastest growing economies in Southeast Asia, with consistent strong growth. Vietnam's young population is key to its economic growth in the coming years.
Internet penetration rate
Mobile penetration rate
1. United States
2. Mainland China
4. South Korea
5. Hong Kong SAR
1. Mainland China
2. South Korea
4. United States
Note: Based on 2020 data
Over the years, the Vietnamese Government has pursued strategies to join several free trade agreements such as the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam (EVFTA), in the hopes of attracting exporting companies to produce in Vietnam.
Corporate Tax Incentives
Large Manufacturing Projects Incentives
Special preferential investment projects
World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2020–21: Wages and minimum wages in the time of COVID-19; Asian Development Bank; Ministry of Planning and Investment (MPI); Foreign Investment Agency (FIA); Deloitte; RSM
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A global business hub with extensive connectivity to the world.
Liberalised and business-friendly economy, with a highly competent workforce.
Abundant in natural resources, supported by a young, motivated population.