Octagona Srl/Internationalization News/Vietnam: the opportunities and advantages of an increasingly attractive market
Vietnam: the opportunities and advantages of an increasingly attractive market

Vietnam: the opportunities and advantages of an increasingly attractive market

GDP and FDI are growing in the ASEAN market: What opportunities and advantages in Vietnam for doing business?

ASEAN today represents one of the most important global areas in which to invest and among the 10 member states that make up the Asian organization, the performance of the Vietnamese market stands out. In fact, high growth rates have been recorded in the country for several years, which have attracted the interest of international investors: between 2000 and 2013, direct investments from US, European, Korean, Japanese and Chinese multinationals have flowed into Vietnam for over 200 billion USD e to date the inflow of FDI does not stop; Only in relation to Greenfield investments does Vietnam emerge as one of the main markets not only in the ASEAN area, but in the entire Asian continent. Hanoi has therefore managed to confirm its leading position among the most dynamic global economies, thanks above all to the increase in industrial and manufacturing production.

Relations between Italy and Vietnam are excellent: our exports within the country have recorded a great growth path in the last two years and considering the good political relations that exist, everything suggests that the trend is destined to increase in the future .

There are many points of contact between the Italian and Vietnamese markets and there are many reasons that should induce Made in Italy companies to invest in Vietnam:

  • an industrial fabric similar to the Italian one, based on a large presence of SMEs;
  • strong political and social stability;
  • a young, low-wage and skilled workforce;
  • the ever-increasing development of a middle class with a high propensity to consume;
  • a strong interest in Italian products (especially for luxury goods, but not only);
  • very competitive costs; it is no coincidence that Vietnam is considered the Asian country with the most convenient costs also in relation to import-export taxes and duties;
  • an important policy of openness towards foreign capital, which provides incentives for foreign companies and more flexible regulations;
  • the need for foreign investment, technology and know-how;
  • a vast network of free trade agreements with the countries of the area, containing very favorable safeguard clauses;
  • growing integration in the globalized world.

There are various sectors that offer business opportunities. Among these, we highlight:

  • food;
  • food processing;
  • textile;
  • articles of clothing;
  • furniture and furnishings;
  • infrastructure and construction;
  • machinery and equipment;
  • sourcing.

Octagona, which has decades of experience on internationalization issues, has been present not only in Vietnam (Hanoi and Ho Chi Minh City) through direct offices, but throughout the ASEAN region for many years, being able to count on strategic partnerships in Singapore, in Indonesia (Jakarta) and Thailand (Bangkok). Octagona is able to provide assistance to all companies that intend to sell their products in Vietnam or other ASEAN countries, developing specific projects and following customer requests.

If you want to know more, call us on 059.9770184 or send an email to [email protected]: you will meet one of our consultants to build, together with you, the best internationalization path.

READ ALSO:

The success of Italian companies in India

Internationalizing your business abroad: strategic choice or opportunity?

Digital Export Manager (DEM): internationalization in a digital context

SHARE ARTICLE

If you want to learn more about the content of this article

RECENT ITEMS

Cosmetics export: certifications and opportunities for the foreign market

Cosmetics export: certifications and opportunities for the foreign market

The Italian cosmetics sector has seen considerable interest in recent years, accompanied by significant growth in sales...
TEM and DEM: what to know about these key figures for export

TEM e DEM: cosa sapere su queste figure chiave per l’export

Nel contesto economico globale, sempre più dinamico e interconnesso, le figure del Temporary Export Manager (TEM) e del Digital Export Manager...
Internationalization in India: Corporate Forms

Internationalization in India: Corporate Forms

L'internazionalizzazione delle imprese spesso implica la necessità di costituire una società nel paese target, ovvero la nazione verso cui si...

Get in contact
with us

Are you interested in our service?
Fill out the form or contact us at the number
+39 059 9770184