All Eyes on Vietnam – Why and How to Enter the Market

Presenter(s):

• 

  Marco Förster

  Director, ASEAN
  

• 

  Phuc Duong , Alumna

  Assistant Manager, Business Advisory Services
  

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Building on Vietnam’s favorable conditions for doing business, namely its strategic location, stable political system, ample workforce with competitive labor costs, and a relatively open environment for FDI, Vietnam has cemented its position as a safe and stable destination for investment. Its GDP growth in 2020 increased by 2.91% despite COVID-19.  

The key to such an impressive performance was the Government’s effective strategies in combating the pandemic. Further, with a solid vision for the future, Vietnam has also created a concrete foundation to bounce back stronger in 2021, with the amendment of a variety of important laws that help improve its business climate, in addition to the free trade network with the EU, the UK, and RCEP countries. The International Monetary Fund (IMF) forecasts that Vietnam would rebound to 6.7% and remain the only country with positive growth in five major economies in ASEAN this year.

To help foreign businesses better understand the key developments of the Vietnamese FDI environment and capture emerging opportunities in the country, Marco Förster, Manager of International Business Advisory, and Phuc Duong, Senior Associate of Business Advisory Service, held a webinar on March 25, briefing investors on:    

• Key developments of the Vietnamese market in 2021; 
• Why and how investors should enter the market; and 
• Legal updates on investment and enterprises in Vietnam.

 We hope you find the webinar helpful. Should you have any further concerns or questions when applying the solutions brought up in the webinar, please do not hesitate to contact us.