Vietnam is located right next to the East Sea – a commercially important “link bridge” on the world maritime map.
On the Southeast Asian airline map, three of the world’s largest ports, including Singapore, Hong Kong and Kaohsiung (Taiwan), are almost two hours away from Hanoi and Ho Chi Minh City. Vietnam enjoys a healthy and independent legal system, with the average Vietnamese citizen having a high sense of awareness and respect for the law. Predictability and stability in business operations, therefore, are high. At the same time, commercial regulations are quickly adjusted in line with changing international norms and foreign investors enjoy substantial protection under the Investment Law. The population of Vietnam for the year 2018 is estimated at 94 million, of which the labour force aged 15 and over is 55.16 million, ranking 3rd in the ASEAN region in terms of the proportion of the labour force. With cheap labour costs, Vietnam can be considered a potential destination for investors.