Good news for foreign investors in Vietnam

 

If you’re thinking about starting a business in Vietnam, there has probably never been an easier or more opportune time. According to Forbes Magazine, even the most conservative predictions for Vietnam’s economic growth in 2018 are well over 5%; the Asian Development Bank forecasts 6.5%. Companies hoping to supply the domestic market will find this news encouraging:  poverty levels have shrunk to under 14% as more families have joined Vietnam’s middle classes, so local sales in aspirational goods are set to soar. And there’s more good news for foreign start-ups: the government has recently introduced laws to encourage foreign investment and it’s now possible to open 100% foreign-owned enterprises in most industries. Look here for the latest guide to setting up a foreign company in Vietnam.

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