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With a thriving entrepreneurial environment and booming startup culture, Vietnam is often equated to Southeast Asia’s Silicon Valley. Backed by a young, qualified and well-educated labor force, entrepreneurship in Vietnam has witnessed an unprecedented rise, which is especially evident in the tech industry. Since 2017, Vietnam has measured a total of 39,580 startups. In this … Continued
With Vietnam’s gross domestic product (GDP) averaging over 7% and its growth potential as “ the next China”, investors should pay attention to the investment opportunities in the Vietnamese property market. In this article, Cekindo elaborates on the effect of loosening restrictions on foreigner property ownership since 2015 and the legal aspects of purchasing property … Continued
Vietnam offers a stable macroeconomic and political climate with a potential for strong economic growth and an increasingly prosperous consumer market. During the last decade, the country’s economy has grown at an average of 7.2% annually and has successfully drawn FDI worth USD 15.8 billion in 2020. Moreover, to boost economic activities in the country, … Continued
Vietnam has been an excellent destination for foreign investments for individuals and organizations around the world. By the end of 2022, Vietnam’s economic growth is predicted to record an impressive 7.5%, according to the World Bank. Combine with the fact that Vietnam shares borders with global economic leader China, there aremany other reasons that foreign … Continued
The World Data Lab‘s 2021 report on Asia’s middle class indicated that Vietnam’s middle class will expand by 60% by 2030. This expansion will make Vietnam home to the world’s 18th-largest middle-income class. With very significant gains in the middle-class population (a projected 21 million), Vietnam is also among Asia’s thriving countries in this segment. … Continued
Vietnam has been putting a lot of effort into developing its regional economy and luring globally renowned entrepreneurs with cutting-edge technical skills. However, even though Vietnam has a favorable business environment, making mistakes can heavily affect your business’s success. This article will tell you the common mistakes and pitfalls you can avoid while doing business … Continued
Ho Chi Minh City’s economy set to restart with plans to restart activities from September 30 after a two-month-long extensive lockdown.
With the growing fintech sector and ongoing digitalization of Vietnam, blockchain technology has gained and continues to gain massive popularity among investors, domestic as well as foreign.
The global economy that lay in shambles has now entered a reconciliation period as we learn to live with the Coronavirus. Vietnam, likewise, has been deeply impacted by Covid-19, and its hospitality industry was no exception. The country had a great reputation for its tourism and hospitality industry pre-covid. The number of domestic and international … Continued
With a growing number of foreign travelers flocking to this beautiful country every year, Vietnam’s tourism industry has witnessed an unprecedented boom. With the number of visitors crossing the 18 million mark in 2019, the government’s proactive efforts to boost tourism are expected to further bolster the travel sector. The tourism industry presents a wide … Continued
Thinking about retiring but not sure where to settle down? With its rich culture and landscapes, temperate climate, wonderful cuisine, and low living expenses, Vietnam has remained one of the top locations for international retirees seeking to make the most of their golden years. Vietnam not only provides seniors with a fulfilling yet budget-friendly lifestyle. … Continued
Vietnam’s middle class is pivoting toward a contemporary consumer-driven lifestyle, providing an opportunity for foreign investors to enter Vietnam’s evolving market.
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