Opportunities

Vietnam, along with Indonesia and Singapore, remains a golden triangle for startup development in Southeast Asia.

Vietnam’s diversified network of free trade agreements with major economic powers remains the country’s competitive edge in attracting investors.

Between now and 2030, the Red River Delta should continue its rapid and sustainable development based on a modern economic structure imbued with national cultural characteristics.

The capital city, home to the nation’s largest research institutes, universities, hospitals, and cultural centers, is set to become a financial, trade, services, and tourism center of the region and the world.

European firms plan to invest billions of US dollars into Vietnam’s renewables industry, including wind projects.

The country remains attractive for investors in search of new business opportunities.

Vietnam remains an appealing option for investors looking to diversify their supply chains.

Among Vietnam cities, Hanoi is considered one of the most important destinations for investors, with a great talent pool and developed infrastructure.

According to planning for 2030, Hanoi and nine other provinces and cities would form a super metropolitan area. In this context, the eastern area would become a busy commercial center in the entire region.

Being the second largest investor in Vietnam, Singapore is well-positioned to do business with the country in the electronics sector.

The construction of the runway and passenger terminal should start in the 2024-2025 period.

Despite the challenging global economic environment, Hanoi has been creative in promoting investment facilitation programs and accompanying businesses in their recovery efforts from severe Covid-19 impacts.

The US company wishes to build Vietnamese enterprises into its suppliers.

The R&D center in Hanoi, scheduled to be completed by late 2022, would be Samsung’s major R&D hub not only in Vietnam but also the whole of Southeast Asia.

The Vietnamese Government recognizes that tech startups are the new engines of growth for the country.

Vietnam was listed among the top 20 foreign direct investment (FDI) recipients in 2021.

Office, industrial, and project development land account for 39%, 35%, and 26% of the total invested capital in Vietnam, respectively, in the first six months of 2022.

The high complementary nature of the two economies has laid the foundation for both to significantly boost economic, trade, and investment cooperation over the years.

The Vietnamese Prime Minister expected the JBIC to provide Vietnam with policy consultation, capital, technologies, human resource, and corporate governance experience so that the country could develop the energy transition sector.

It is imperative to keep an eye on international competition in industrial property and logistics, as the sector is booming worldwide.