Investing In Vietnam

Vietnam – Asia’s Manufacturing Powerhouse

Vietnam has been the destination of choice for global manufacturers, including many tech giants, and especially for corporations with global supply chain diversification strategies.

The country continues to perform exceptionally in enabling wider and deeper integration into the global value chain.

Robust Economic Growth

Vietnam remains among the best performing economies globally over the past decade and despite the challenges of the Covid-19 pandemic.

Enhanced Performance in Global Competitiveness

Vietnam improved significantly, advancing 10 places in the 2019 Global Competitiveness Report by the World Economic Forum (WEF).

Leading Southeast Asia in Global Manufacturing Competitiveness

Vietnam is projected to be the second only to Singapore in the Manufacturing Competitiveness Index in 2020 by Deloitte.

Consistent Improvement in Global Innovation

Vietnam has made significant progress in recent years, achieving the best performance among countries in the same category group by the World Intellectual Property Organization.

Solid Foundations as an Ideal Investment Destination

Establishing operations in Vietnam offers sustainable growth prospects for investors due to the country’s strategic location, dynamic workforce, stable political environment, as well as an open economy supported by extensive free trade agreements, including CPTPP and EVFTA.

Strategic Geographic Location

Situated at the heart of Southeast Asia and adjacent to China and East Asia’s global supply chains, Vietnam’s location boasts favorable conditions for international shipping and trade, positioning the country as a prospective regional economic leader.

A Significant and Growing Consumer Market

With a population fast-approaching 100 million people, and with a steady rise in GDP over recent years, Vietnam has emerged as one of the region’s fastest-growing markets and is poised to become a manufacturing powerhouse in Asia. Vietnam’s rising middle-income class, along with stable market prices, low inflation rates and increasing purchasing power also creates a favorable environment for businesses.

An Abundant, Dynamic and Cost-competitive Workforce

Vietnam offers an attractive workforce for businesses around the world. With the optimal population structure of 70% of the population under 30, and within the working-age range, Vietnam has a significant and cost-competitive workforce. In addition, the next generation of the workforce includes a strong and thriving pool of tech talent.

An Open and Transforming Economy

Vietnam is one of Asia’s leading open-for trade economies, with a trade to GDP ratio over 200%, closely behind Hong Kong and Singapore. With extensive free trade agreements, including CPTPP and EVFTA, coupled with transparent investment policies and favorable profit-based incentives for enterprises, Vietnam is regarded as a key destination for future investment.

Incentives For Investors

This incentive information provides detailed benefits for future tenants investing in Vietnam.

Up to

17%

Incentive tax rate

Incentive tax rate of 10%, 15% or 17% for the duration of 10, 15 years or total project life

0%

Tax exemption

Tax exemption (0% for 2 or 4 years) and tax reduction (50% for 4, 5 or 9 years)

For fixed assets

Import duty exemption

For raw materials, supplies, components

Import duty exemption

Imported to process and manufacture exported goods
Not produced domestically yet within 5-year period

Up to

19 years

Land rental exemption

Maximum 03 years under construction stage
3, 7, 11, 15, 19 years or the whole rental period depending on the project’s location and industry

Free or

50% reduced

Land tax

Becamex – Your Trusted Partner To Venture Into Vietnam

As Vietnam’s leading Industrial and Urban Real Estate Development Group, Becamex’s comprehensive, nation-wide solutions help investors establish their manufacturing operations.

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