From the consulting practice: Vietnam an alternative to the PR China for investments?
The production costs and a large number of young workers, as well as the political stability, make Vietnam one of the most interesting investment locations in the ASEAN member states.
For many investors, Vietnam is the alternative to the People's Republic of China. An exodus of investors from China to Vietnam has increased as a result of the trade war between the People's Republic of China and the USA. The German KFW development bank is based in Hanoi. Important trading partners are Japan, Europe and the USA. Great importance is also attached to economic relations with the United Arab Emirates in the economic sector. The United Arab Emirates (UAE) makes targeted investments in areas such as logistics, seaports and real estate. Investments in the digital economy, tourism and food processing have been stepped up since 2019.
95 million Vietnamese and a gross domestic product of USD 245 billion with projected growth of 6% to 7% for 2021 make Vietnam one of the most dynamic countries in Asia. The EU-Vietnam Free Trade Agreement (EUVFTA), ratified in Hanoi on June 8, 2020, will provide a further boost to the Vietnamese economy. This will significantly improve economic relations between the European Union and Vietnam.
The distance from Hanoi in Vietnam to Dubai in the United Arab Emirates is 5159 km.
Dialogue between Vietnam and the UAE:
? Close cooperation between trade and investment.
? Why you should set up a foreign company in 2021? What prospects does Hanoi in Vietnam offer?
With a business address in Hanoi, the capital of Vietnam, you can position your company in modern business centers of an otherwise traditional East Asian metropolis. The economic growth of the entire country in Hanoi is growing significantly between 5-7 percent per year. Hanoi attracts large companies from all over the world as well as investors. Hanoi is a good address in East Asia for the internationalization of the company. Vietnam is a member of all important international economic organizations, including the Association of Southeast Asian Nations (ASEAN). Vietnam's important trading partners are the USA, Europe and Japan.
? Would you like to work with me and my team on your strategy for successful internationalization or use us for your company? Questions? Consulting? Book? Contact me
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