Train In Vietnam

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Why do you love doing business in Vietnam ?

Firstly, because of  Vietnam Human resources.

Vietnam is well-known for a hard-working & fast-learning population. The World Value Survey confirms the unusual willingness to work hard of Vietnamese workers. According to the survey, many respondents in Vietnam declare that work is an important part of their lives, while only 7% of Vietnamese respondents see leisure as an important part of their life, a remarkably low percentage even by the standards of other hard-working societies such as Japan (40%) or the United States (43%).

Foreign investors don't see the shortage of skilled labor as a obstacle to their business in VN as Vietnamese workers are very fast-learning. The time & cost needed for worker training in Vietnam is often shorter and lower than some other countries. Intel wouldn't have invested more than US$ 300 million in VN if they saw the shortage of skilled labor as a problem. " The cost competitiveness of Vietnamese operations was far greater than that offered by China or other regional destinations, The young population base and the diligent workforce made Vietnam among the top choices for foreign investors, the VN operations are among the most cost competitive and have the best quality of any production bases outside…" , the daily Bangkok

Vietnam hosts Southeast Asian leaders as the chair of their 10-nation bloc, shining a spotlight on the political and economic stability that prompted Intel Corp and Toyota Motor Corp. to increase investments, says Bloomberg.(Bloomberg.com, one of the most-trafficked financial sites on the Web)

"The world's biggest chipmaker is scheduled to open a 1 billion USD testing facility in Ho Chi Minh City this year that will employ about 4,000 people. Intel choose Vietnam because of its proximity to customers, reliable power, water supply and skilled workers. Vietnam is a country which is very committed to education, and that gives us confidence we will continue to attract the talent we need for long-term success" Intel's regional spokesman said "Toyota recognises not only the potential growth of that market but the potential role the Vietnamese economy can make in broader Southeast Asia.

"Develeped countries have an advantage in terms of capital and technology, but face a shortage of natural resources and have higher labour costs. With rich natural resources and low labour costs like Vietnam. This is a great opportunity for Vietnam to attract more investment (Dang Duc Long, an expert at the Institute of World Economics and Politics)

Secondly, because of Vietnam Natural resourses

Vietnam is Situated in the heart of Southeast Asia, with 3,260 km of spectacular coastline, Vietnam offers ideal advantages for economic development, trade and tourism .Vietnam's potential crude oil reserves in the southern offshore area stand at about 270 million tons and are likely to increase substantially with continued exploration. Vietnam has potential non-associated gas reserves of more than 360 billion cubic meters. The primary coal resource, anthracite …. is concentrated in the Northeast.

Vietnam is also very rich in other natural resources including significant hydropower (10,000 MW), marine resources, tropical forest & agricultural potential. The country has 4 world heritages recognized by UNESCO, beautiful beaches, national ecologic forests, countryside, high-land and historic places. Rice exports from Vietnam, the world's second-largest shipper, rose to a record of over 6 million tonnes in 2009 aided by lower prices, narrowing the gap with rival Thailand, according to US forecasts.  "Vietnam's price quotes are well below Thailand's price quotes, making Vietnam a very competitive supplier,"Bloomberg

Vietnam has emerged as the world second largest exporter of coffee, cashew and pepper, fourth biggest exporter of footwear. The country is also a leading exporter of apparel and textiles, and seafood. the US imports tra fish and catfish from 12 countries across the world, and Vietnam is the largest exporter of tra and basa fish to the market.

Thirdly, because of Trade confidence Index ( TCI )

"Vietnam is absolutely one of the world' most successful countries in terms of sustainable rapid economic growth over the recent 10-year period and VN has been rated  as one ofthe six best destinations for investors amongst all emerging markets " the UK Economist magazine. FDI  Confidence Index, Vietnam was 12th out of 80 nations, to win the most confidence from international investors. Vietnam ranked third amongst the 17 countries and territories involved in the latest HSBC Trade Confidence Index (TCI), which shows the foreign business community's increasing belief in the opportunities available in the country.

Vietnam is considered the safest country in which to do business and travel in Asia-Pacific,
While holding the ASEAN chair in 2010, Vietnam has been active by promoting cooperation in trade, investment and tourism. According to the WEF (World Economic Forum ), the improvement in Vietnam's trading environment reflects the fact that the country has kept the commitments it made when joining the World Trade Organisation to open up its markets to goods and services. Under the regulations, tariffs in Vietnam are lower and domestic exporters have more opportunities to deal with other WTO members

Finally, because The author of this writing is Vietnamese . And you, who are reading this article have been living, working & enjoying their life in Vietnam Or be wise to catch golden business opportunitiesin Vietnam.

 

 

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Railway Adventures Across Vietnam


train in vietnam
train in vietnam