Vietnam 2018

January 18th, 2018

Vietnam’s FDI (foreign direct investment) prospects for 2018 are looking bright. In 2017, Vietnam saw soaring foreign investment capital inflows totaling at $35.6 billion, up approximately 44% compared to 2016 according to Phan Huu Thang, former director of the Ministry of Planning and Investment's Foreign Investment Agency, deputy chairman of the Vietnam Association of Foreign Invested Enterprises.

While 2017 marked the 30th year that Vietnam opened its doors to FDI, they have gradually affirmed their position in the international arena. This continual and constant growth has become one of the major factors attracting foreign investment capital during these past three decades as well. Vietnam hosted The APEC 2017, gave the country a tremendous positive boost for its FDI attraction last year and they became better known among foreign investors reaching even more who had yet to consider investing in Vietnam. As a matter of fact, the success of Vietnam in FDI attraction in 2017 marked an important milestone for the country’s efforts in 30 years of attracting FDI!

Vietnam’s effort to attract more foreign investment in 2018 are expected to be even a further breakthrough. In 2018, Vietnam will prioritize high quality projects while focusing on further impacting their economic development. Vietnam wants to continue to focus on attracting high-tech and environmentally safe projects. Among these that Vietnam wants to attract new investment in are renewable energy projects, high-tech agriculture, smart cities, and more! Most importantly, Vietnam wants to continue to boost their FDI while still protecting the environment and preserving their national identity.

Vietnam’s economy is developing very fast and it’s the 7th member of ASEAN, the Association of Southeast Asian Nations, and called “the region’s most important group of nations”, marked its 50th anniversary in 2017.

Tiger Consulting Asia has offices in six ASEAN countries and we are committed to making expansion and management of Asian and UAE operations easier for international businesses. Tiger Consulting's HR, Payroll, employment and business support services are managed by experienced teams on the ground in 16 locations: Australia, Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, Vietnam, UAE and USA. The company currently serves 300+ businesses spanning industries including IT, telecom, social networking, fashion, finance, pharmaceuticals, travel, recruitment, Gas & Oil and hospitality.

For questions about Tiger-Consulting’s HR, Payroll, PEO and business support services in Asia and UAE, contact sales@Tiger-Consulting.net

Sincerely,
Neil Satterwhite
Founder & CEO, Tiger-Consulting

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