Conducting a business in Vietnam

Vietnam has advantages and disadvantages. The advantages: 1 . Continued strong economic growth, ongoing reform and a large population of 92. 5 million?half of which are under the age of thirty?have combined to create a dynamic and quickly evolving commercial environment In Vietnam. 2. Telecommunications, information technology, OLL and gas exploration, power generation, transportation Infrastructure construction, environmental project management and technology, aviation and education will continue to offer the most promising opportunities for U. S. Nannies over the next few years as Infrastructure needs continue to expand with Vietnamese pursuit of rapid economic development. The disadvantages: 1 . The evolving nature of regulatory regimes and commercial law In Vietnam, combined with overlapping jurisdiction among Government ministries, often result in a lack of transparency, uniformity and consistency in Government policies and decisions on commercial projects. 2. Tied” official development assistance, in addition to corruption, continues to be a significant challenge for U. S. Firms bidding on infrastructure projects. 3.

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Investors often find poorly developed infrastructure, high start-up costs, arcane land acquisition and transfer regulations and procedures, and a shortage of skilled personnel. Http:”export. Government/build/groups/public/@egg_van/documents/webfoot/ egg_van_0631 60. PDF Industries : food processing, cigarettes and tobacco, textiles, chemicals, and electrical goods Improvement of experiment capacity of Power Transmission Companies In the next decade: Vietnam Industrialization Strategy within the Framework of the Vietnam -Japan Co- operation Agreement towards 2020, with a vision towards 2030′.