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Viet Nam is highly regarded for maintaining economic momentum, recording GDP growth of 8.02% in 2025, alongside robust foreign direct investment (FDI) inflows with cumulative registered capital exceeding 322 billion USD.
An article published on US-based Entrepreneur.com on April 1 highlighted that an increasing number of international companies are choosing Viet Nam as a key destination in their global growth strategies, amid a growing trend of supply chain diversification aimed at reducing risks from trade and economic uncertainties.
Viet Nam is highly regarded for maintaining economic momentum, recording GDP growth of 8.02% in 2025, alongside robust foreign direct investment (FDI) inflows with cumulative registered capital exceeding 322 billion USD. Its large population and a young, skilled workforce position the country as both a promising consumer market and an efficient manufacturing base. Competitive labour costs also continue to help businesses optimise expenses, particularly in labour-intensive industries.
Participation in multiple free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU–Viet Nam Free Trade Agreement (EVFTA), facilitates exports and deeper integration into global value chains, reinforcing Viet Nam’s role as a manufacturing and export gateway. The investment climate and business establishment procedures have also become more flexible, while major economic hubs such as Hanoi and Ho Chi Minh City offer relatively strong infrastructure and international connectivity, enabling firms to integrate into regional networks.
However, the article also noted several challenges. Administrative procedures remain multi-layered, covering investment registration certificates, business registration, tax, and invoicing requirements, with documentation largely conducted in Viet Namese. Certain sectors require additional licences, and company leaders may need to be physically present for some procedures, increasing market entry costs and timelines. Initial operations also involve completing procedures related to capital contribution, taxation, e-invoices and labour insurance, with processing times varying by sector.
Overall, the article assessed Viet Nam’s appeal as stemming from a rare combination of low cost, high growth, deep integration and an open investment environment. Nonetheless, administrative barriers and compliance requirements remain factors to consider, making Viet Nam particularly suitable for companies pursuing long-term expansion strategies and prepared to navigate regulatory procedures./.
Source: Vietnam+
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