Vietnam

With the shift towards a more market-orientated economy, Vietnam’s telecommunications market is seeing further openings for foreign investment, including the supply of telecoms services and the establishment of infrastructure networks. The government has, meanwhile, taken some broad steps in boosting competition in the marketplace by...

Solid economic growth, low-cost manufacturing, a large consumer base and continued positive legislative reform, have combined to make Vietnam an increasingly attractive investment destination for multinational organisations. Strong foreign investment and rising international trade has resulted in the tax authorities focusing more on cross-...

Vietnam’s domestic aviation market has recorded very strong growth in recent years, driven by low-cost carriers (LCCs) that transported 55% of domestic passengers in 2016, according to the Civil Aviation Authority of Vietnam (CAAV). An August 2016 article by VN Express stated that budget airlines have rapidly increased their market share,...

Occupying a unique position along the Pacific Ocean, Gulf of Thailand and Gulf of Tonkin, along with shared land borders with China, Laos and Cambodia, Vietnam is well-positioned to become a dominant regional transportation centre.

With a population of approximately 95m, Vietnam is an important regional market both for global technology vendors and for home-grown entrepreneurs. The latter are getting more encouragement to innovate as the country modernises and adopts international standards in areas such as communications infrastructure and education technologies.

After the last downturn in the real estate market, things have picked up considerably in Vietnam. This is especially true in terms of access to financing. As commercial lending has resumed, mortgages have been more widely available, while foreign purchasers are no longer barred from buying properties after regulatory changes were enacted to...