The expansion of Gross domestic product (GDP) by percent last year with growth of 6.6 percent this year has made Vietnam one of the hottest investment destination.
According to Bangkok Post, the country has 12 free trade agreements (FTAs) and 66 international free trade treaties that have helped it to integrate with the global economy and brought opportunities for both local and foreign businesses.
Phong Quach, country manager for Ipsos says “Vietnam is among the fastest-growing economies in the region with a focus shifting to manufacturing and service sectors. The country is in a transition period with more established infrastructure and has great potential to be captured at an early stage.”
He added that favourable business environment has helped Vietnam surge in FDI inflows, especially in manufacturing. In addition, increased access to international markets gives more opportunities for foreign investors seeking to distribute products abroad.
Last year, the country attracted US$17 billion in FDI commitments, led by manufacturing, services, agriculture and travel businesses.
Myanmar’s potential as a hub for industry supplies a glimmer of hope for real estate
“As many companies may consider switching their manufacturing facilities, existing industrial zones in Myanmar are anticipated to become enticing hotspots for investors”
Take a look inside one of Australia’s tallest skyscrapers
The breathtaking development goes high and low with panoramic residences, strata office spaces and subterranean retail options
Indigenous-led real estate development in central Vancouver fights for the marginalised
All the while easing the Canadian city’s chronic housing crisis and appealing to Asian buyers
Is Singapore still a safe haven during the pandemic?
Plagued at one point by the highest number of COVID-19 cases in the region, the Singapore property market has assumed crash position
6 of the finest places to live, dine, party and shop in Cebu
With top-notch dining and nightlife burnishing a real estate renaissance, the capital of the southern Philippines is having a moment in the sun