Viettonkin Consulting is proud to announce three new strategic partnerships with Robert Yam Co., Oborseana, and CorpelServe, further strengthening our commitment to delivering seamless cross-border business expansion services to clients across Asia. Robert Yam Co. (Singapore) Established in Singapore, Robert Yam Co. is a reputable firm offering audit, tax, and accounting services, led by Executive […]
Viettonkin Consulting is proud to announce three new strategic partnerships with Robert Yam Co., Oborseana, and CorpelServe, further strengthening our commitment to delivering seamless cross-border business expansion services to clients across Asia. Robert Yam Co. (Singapore) Established in Singapore, Robert Yam Co. is a reputable firm offering audit, tax, and accounting services, led by Executive […]
International companies find Vietnam's workforce appealing: survey
Trường Lăng
Trường Lăng, founder and 15-year director of Viettonkin, guides the company's strategic direction, makes top-level decisions, and represents the firm in key business negotiations. With over 20 years of consulting experience in Belgium and Southeast Asia, including 15 years specializing in FDI projects, he has established himself as a top expert who helps clients across industries expand their businesses. His deep knowledge of risk management and business operations, combined with his proven track record of successful consultation projects, makes him a valuable partner for investors seeking quality consulting services.
According to an HSBC poll, foreign companies doing business in Southeast Asia or considering doing so are drawn to Vietnam's skilled labor population.
At March, over 1,500 senior decision-makers in companies with a turnover of at least US$5 million were polled in six countries: China, France, Germany, India, the United Kingdom, and the United States.
Three out of ten people think Vietnam's competent workforce is its most appealing attribute.
The country's positive economic outlook, competitive wages, and tenacity during the Covid-19 outbreak were all mentioned by 27% of respondents as desirable features.
Thirty-six percent of American enterprises were drawn to Vietnam because of the ability to test and develop new goods or solutions, and 33 percent enjoyed the country's friendly policies.
Vietnam's supportive government and regulatory environment (49 percent) as well as infrastructure attracted Indian companies (39 percent).
Supply chain ease and social and political stability were mentioned by a quarter of the respondents as reasons for choosing Germany.
The positive economic outlook drew the attention of 33% of French people.
Because of its strong foundations and attraction to international investors, Tim Evans, general director of HSBC Vietnam, believes the country is on its path to become one of the world's manufacturing centers.
He went on to say that transferring global enterprises to Vietnam is "not a short-term strategy, but a long-term one."
However, the pandemic's disruptive impact and the problems of adopting to modern sustainability criteria were the top concerns for multinational corporations with operations in Vietnam.
Interestingly, despite their geological proximity, Chinese enterprises were more than twice as likely as those from the United Kingdom to identify culture as a barrier to doing business in Vietnam.
Following Vietnam's promise to achieve net-zero carbon emissions by 2050, 31% of respondents expressed concern about new restrictions and rules on carbon reduction.
Three out of ten businesses said they needed to develop their internal sustainability expertise, while 36% said it was challenging to find people with the necessary sustainability credentials and understanding.
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Founded in 2009, Viettonkin Consulting is a multi-disciplinary group of consulting firms headquartered in Hanoi, Vietnam with offices in Ho Chi Minh City, Jakarta, Bangkok, Singapore, and Hong Kong and a strong presence through strategic alliances throughout Southeast Asia. Our firm’s guiding mission is aimed towards facilitating intra-ASEAN investments and connecting investors in Southeast Asia with the rest of the world, thus promoting international business relationships and strengthening inter-nation connections.
