Viet Nam. A country in constant growth.
86 million inhabitants, an average age below 25.9 years, a low unemployment rate (2,4%) with very high economic growth rate (8,4% GDP in 2005 and 6.5% in 2008).
Data which clearly explains the reason for which Viet Nam is second only to China in the scale of the most productive Asian Countries.
The tax, economic, territorial advantages are clear. The workforce is young and large, joining WTO has made possible tax incentives for foreign companies and the per capita income increase has turned the "made in Italy" attractive and especially affordable.
Vietnam is one of the fastest Asian markets in economic terms, with a 7.1% growth rate since year 2000. A 7.7% in 2004, 8.4 in 2007. In 2008 growth has been estimated to be about 6.5-7%, slightly lower than the previous years due to the world crisis but always with a positive sign.
| Sector | % growth (yoy) |
| GDP growth: | 6.5% |
| Agriculture, forestry &fishery | 3.04 % |
| In detail |
|
|
2.39% |
|
0.78% |
|
7.44% |
| Industry & building | 7.00 % |
| In detail | |
|
-7.00% |
|
11.43% |
|
12.1% |
|
0.90% |
| Tertiary industry |
7.60 % |
| In detail | |
|
7.15 % |
|
10.85 % |
|
14.86 % |
|
6.72% |
|
6.64% |
Why importing and delocalising to Viet Nam
The intense presence of Viet Nam-made product throughout the world is the logic consequence of an excellent price-quality ratio the country offers.
The recent government intervention to support foreign investment ad companies with structures and technologies have lead Viet Nam to be very competitive on the world scenario with an estimated growth around 7/8 %.
It's a good moment to invest and buy in Viet Nam which is proving to have an excellent economic and industrial development potential and the companies that invest now have more room and chances.
What matters is to invest in the right way and Saigon Bridge knows which it is.
The import from Viet Nam benefits from the emerging country facilitations therefore many goods are free from custom duties, producing the certificate of origin (Form A); this is another important reason to import from Viet Nam.
The country's WTO joining will make the exchange of goods and services with third countries even more important.
Saigon Bridge is already working with entrepreneurs who have decided to totally or partially delocalise the production understanding that to produce in Viet Nam not only means low cost import but especially to have an opportunity to extend their business to the whole South-East Asia basin.
Saigon Bridge has planned and followed up the entry into Viet Nam of important western production enterprises by creating joint ventures that make every cooperation stronger and more efficient.