Why Buy Business in Vietnam?
July 15, 2019 by Easy Buy Sell Business in Blog

Why Buy Business in Vietnam?

There are various benefits of buying a business in Vietnam. Check out some of them below:

1. Positive economic growth
Since the beginning of the 2000s, the country has witnessed an inspiring economic growth of around 6 percent every year. This has been possible due to strong political and economic reforms in Vietnam. It is predicted to exhibit even higher economic growth in the coming years.

2. The highest influx of FDI in South-East Asia
Vietnam also enjoys a high inflow of FDI in the region and especially from countries such as Japan, Singapore, South Korea, and Taiwan among others. While the majority of these investments have been made in the manufacturing sector, the government has also increased accepting investments in areas like education and infrastructure.

3. Lower labor costs
Vietnam enjoys one of the lower labor costs in the region. Plus, most of the population of the country is relatively young. About 60 percent of the country’s population is in between 25 to 49-year-old.

4. Lucrative tax benefits
The government awards tax benefits based on the project, industry, and location.