Why Vietnam is one of the best countries for launching your business
Rapidly developing economy
Vietnam GDP is steadily growing since the beginning of the 20th century; its growth rate averagely equals 6-7% annually. Even after COVID-19 Vietnam GDP growth rate (2.9%) was one of the highest in the world. According to world and Vietnamese experts, its growth is expected to reach 6 – 6, 5% by the end of 2022.
Young and educated population
There are more than 98 million people living in Vietnam: nearly 70% of the total population is under 35 years old, which makes Vietnam the country with huge labor market. At the beginning of 2022 Vietnam labor force participation was about 67% – one of the highest one in Asia. But what is more important is that people in this country get wider access to high-quality education. Government and local authorities contribute more than 20% of the budget to education development every year. Thus, Vietnam has not only large in number, but also educated workforce.