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- In the entire Southeast Asia, Vietnam has registered the fastest economic develop, with GNP growing by 7.24% in 2003, 7.7% in 2004, 8.4% in 2005, 8.14% in 2006, 8.48% in 2007 and 6.23% in 2008. Among all categories, industrial growth has been registered at as significantly as 16%. All these facts suggest that Vietnam is the No. 1 player in the entire Southeast Asia in terms of economic development.
- Vietnam is prospering toward a brilliant shining example in economic development, suggesting another robust Asian Dragon taking off.
- Vietnam launched the open-door reform policy around a dozen years ago. Since then, this country has been growing and prospering by leaps and bounds, as an attractive shining star toward investors throughout the world.
- Vietnam has registered stable political and economic climate and is currently striving toward internationalization and liberalization in a full swing. Through wholehearted efforts to boost economy, Vietnam takes soliciting foreign investors as its key policy, tremendously easing up restriction over foreign investors with stress of full disclosure and a good number of preferential privileges to lure foreign investors into the country to invest and erect factories.
- Vietnam is extending extraordinarily friendly willingness and interest to develop bilateral ties with Taiwan. Taiwan and Vietnam have maintained very pleasant friendship which is a sound assurance to Taiwan entrepreneurs who invest in Vietnam.
- Vietnamese people prove to be high quality human resources and are paid relatively low. They are hard-working and ready to receive training. Vietnam offers considerably more reasonable labor costs compared with other Southeast Asian counterparts.
1. One of “The Next-11”: Vietnam is one of the eleven new countries that have great development potential, and have the advantage of high population. According to those situations, it’ll have huge chance to become “High Quality & Quantity Country”!
2. Association of Southeast Asian Nations (ASEAN): The Tariff-free Agreement executed by Vietnam with ten Southeast Asian member countries came into effect on January 1, 2003. Under the Agreement, all member countries are privileged for zero or tariff as low as up to 5% maximum. This is to mean a huge market of 500 million consumer population and a worldwide factories with adequate workforce. Vietnam lies virtually on the gateway to the entire Southeast Asia where investors enjoy the easy access toward the entire Southeast Asian Free Trade Zone.
3. The United States: Vietnam and the United States executed the bilateral trading pact in 2001 hereunder investors may have their products manufactured in Vietnam and exported into the United States markets at low and privileged tariff rate.
4. European Union (EU): Vietnam is entitled to EU GSP preferential terms and the GSP preferential tariff and quota.
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