Innovative Technology Finance and Market Association 2024 Vietnam Landing Strategy
1. Policy environment
The Vietnamese government continues to promote economic reform and opening up and vigorously attract foreign investment
Major policies include reducing tax rates, simplifying administrative procedures, and improving the legal system.
Focus on encouraging foreign investment in manufacturing, high-tech, infrastructure and other fields
2. Tax system
The corporate income tax rate is 20%, and various tax preferential policies are enjoyed
Value-added tax is generally 10%, and some goods and services have special tax rates.
The highest personal income tax rate is 35%, with various deductions and discounts
3. Economic Overview
Vietnam's economy has maintained rapid growth, with GDP growth of approximately 6-7% in recent years.
Leading industries include manufacturing, agriculture, forestry and fishery, tourism, etc.
Foreign trade surplus continues, making it an important exporting country in Southeast Asia
4. Business environment
Infrastructure construction continues to improve, and transportation networks and industrial parks are improved.
Adequate labor force and relatively low labor costs
The government vigorously promotes industrialization and digital transformation
5. Investment opportunities
Manufacturing industry: Electronics, textiles and clothing, auto parts, etc. have broad prospects
Infrastructure: Strong demand in electricity, transportation, logistics and other fields
Consumer market: The rapidly growing middle class brings opportunities for consumption upgrades
In general, Vietnam is an emerging market with huge investment potential and provides foreign businessmen with a good policy environment and business conditions.
Comments