Sunday, July 22, 2012

Vietnam's market

Southeast Asia has 10 member nations - Singapore, Indonesia, Malaysia, Thailand, Brunei, Philippine, Cambodia, Laos, Myanmar and Vietnam. Each country has unique culture, language, economic system and natural resources. Foreign investors have evaluated Southeast Asia with objective and subjective market analyses for their investment strategies and business ventures.

Vietnam has rejoined the international trade communities in 1994 with new economic reform policies that have also provided more favorite business conditions to domestic and foreign companies. Since then, Vietnam's GDP has grown to the value of more than $126 billion. The foreign trade accounts - imports and exports - have exceeded to $120 billion. The more Vietnam can serve the global economy the more foreign investors and companies need to come and do businesses in Vietnam.


Foreign investors must care about their investment portfolios from real estate, finance to manufacturing, education, tourism and trade. The rising population of foreign residents occurs in most large cities and resort towns. New houses, office building, recreation facilities, shopping centers, apartment buildings and villas have been built to meet a high demand of rental office and residential housing. Prices of those assets went up in the past years. Foreign companies usually send their representatives, executive employees and trainers to Vietnam-based companies and branch offices; those expatriates need short-term and long-term housing. It is a recommendation for foreign companies to buy or rent such facilities for long-term usages.