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GBS - As Vietnam is entering a new phase of development, the government focuses on new strategy in FDI attraction, with more attention to quality instead of quantity, as such, FDI enterprises should contribute more to the human resources training and technology transfer.
GBS - Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.

Continued strong economic growth, ongoing reform and a large population of 93 million —half of which are under the age of thirty — have combined to create a dynamic and quickly evolving commercial environment in Vietnam. Sales of equipment, technologies and consulting and management services associated with growth in Vietnam’s industrial and export sectors and implementation of major infrastructure projects continue to be a major source of commercial activity and interest for U.S. firms. In terms of infrastructure, the Asian Development Bank (ADB) released figures in April 2017 that mark Vietnam’s public and private infrastructure investment as the highest in Southeast Asia, accounting for an average of 5.7 percent of the country’s gross domestic product (GDP).
GBS - By adopting Economic and Politic reforms called 'Doi Moi' and 'renovation', from one of the poorest country with per capita income around USD100 in 1986, it has increased rapidly within a quarter of century to nearly USD2,052 by the end of 2015.
GBS - Vietnam has a population of 90.73 million people (13th largest in the world) expected to grow to 100 million in 2020 with an annual growth rate of 1.2%. Over 50% of the population is 25 years or younger.Possessing, highly skilled, young workers with an extraordinary work ethic and literacy rate of more than 90%, the Vietnamese are equipped with a high level of education and are prepared to serve in high skilled industries like information technology, pharmaceuticals and financial services, at a more competitive cost than other countries in the region.
GBS - In a region of the world where some countries remain vulnerable to political and economic instability, Vietnam has benefited from its stable government and social structure, making it an ideal place for capital investment. After 40 years of peace and development, Vietnam has become one of the reliable investment destinations for many countries due to its political stability and consistency. One of the most important factors for FDI enterprises to choose to invest in Vietnam is security.
GBS - US President Donald Trump will visit Vietnam in November to attend the APEC Summit as part of a regional tour, the White House has confirmed, amid growing uncertainty over Washington’s commitment to Southeast Asia.
GBS - The Department for Economic Zones Management of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organization, administration and foreign investment policies.
GBS - Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector.
GBS - Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs. Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors. We are doing so by vigorously renovating the business and investment climate, and by recognizing that the FDI sector is an integral part of the economy – essential to restructuring the economy and raising national competitiveness.
GBS - Located in the cradle of Southeast Asia, Vietnam’s advantageous geographic location can serve as a launch pad and home base for what is already the largest collection of people on earth (the combined populations of ASEAN along with China, Japan, South Korea and Chinese Taipei account for over 2 billion people).
GBS - Vietnam can be summed up as full of culture and history. Located on the South China Sea known, this Southeast Asian country is renowned for its beaches, rivers, Buddhist pagodas and cities. Here are some facts of the countries:

1:The country’s name was originally spelled as two words, Viet Nam.

2: The world’s largest cave, Son Doong, is in Vietnam.

3: Vietnam’s flag consists of a golden star with a red background. The five points to represent farmers, intellectuals, workers, youth and soldiers and the  red background pays tribute to the bloodshed during the wars.

4: Their cuisine incorporates the five Asian elements; spicy, bitter, sour, salty and sweet.

5: The highest mountain peak in the region is Fansipan, known as The Roof of Indochina.

6:Traditional Vietnamese culture revolves around the values of humanity, community, harmony and family.

7:Rice terraces are planted that way to enable the crop to grow along the steep mountainsides.

- iol.co.za

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