Having the right Vietnam market entry services is vital in ensuring your company can find success in this promising yet sometimes challenging country. To understand why that is, look no further than how the current situation has unfolded.

Just a few decades ago, Vietnam was one of the poorest countries in the world, exporting only agricultural products. Today, it is among the largest economies in Southeast Asia, having recorded massive growth in electronics and manufacturing exports. Where Vietnam was once a domestic agrarian economy, it is now one of the world’s largest exporters of mobile devices and furniture.

Overseas businesses can find entering the Vietnamese market difficult due to several factors. This includes the country’s sometimes burdensome bureaucracy as well as complex local issues. These should not be a deterrent as they can usually be overcome.

Why Vietnam?

This export-driven economy offers manufacturing industries a unique environment for ongoing success. Approximately 70% of the population is under 35 years old. That provides a skilled, motivated workforce.

Goods and service providers will find a market with rising domestic consumption along with a growing middle class. Preferences in Vietnam are evolving, and there is now a great demand for high-quality products.

Vietnam remains one of the only countries in ASEAN where international firms can freely establish a wholly foreign-owned entity. Additionally, the government welcomes Foreign Direct Investment with a range of benefits, including tax holidays.

Another potential benefit is that Vietnam has several Free Trade Agreements in place while boasting unique ties with many major world economies.

Vietnam market entry services from Asian Insiders

Business success in Vietnam is linked to several factors, one of these being the ability to enter the local “circle of trust” that is critical in establishing and maintaining operations in the country. This makes Vietnam market entry services vital for sustained success.

With an experienced team that deeply understands the local business landscape, Asian Insiders is here to help you connect, engage, and achieve success in Vietnam. We help you navigate Vietnamese business culture and thoroughly understand the differences between your home country and other regional economies.

Click here to take our Readiness Check to see if you’re ready to enter Vietnam