Since early 2020, the Covid-19 pandemic has spread rapidly from
China to many countries in the world. To ensure health safety for the citizen,
many countries have implemented economic closure and social isolation to avoid
the spread of disease, including Vietnam.
The closure of the economy as well as the social isolation have
caused many factories to close, the economy stagnated, reduced productivity and
the amount of consumption, etc. this greatly affects the economic development
of the country. After curbing the pandemic, many countries are tending to
reopen the economy, in order to restore the country’s economic situation.
However, due to the effects of the US-China trade war and the Covid-19 pandemic
earlier this year, a series of factories and businesses in China were forced to
close, leading to China’s economic growth is the sharpest decline in nearly 30
years, this is influence to many international investors in here.
Because of this influence, many investors in Korea, Japan, the
United States and Europe, who have invested in China, have changed their
investment locations to other countries, Vietnam has been a suitable choice for
making an investment, setting up company and factory. With many effective
anti-pandemic policies, Vietnam has now controlled the pandemic situation and
is on the way of economic recovery. Not only that, with many policies to
attract FDI for many years, many international investors have chosen Vietnam as
the investment destination and gained many high benefits.
In addition, Vietnam is a coastal country in Southeast Asia, a
convenient place to trade with many countries in the world and in the region by
sea, which helps import-export enterprises more favorable in merchandise trade.
Not only that, so far, Vietnam is a country with a young population, abundant
human resources, and highly qualified, known by many investors. And Vietnam is
also known as a developing country on tourism and services, particularly in
2019, Vietnam welcomed more than 16 million international tourists, accounting
for nearly 9% of the country’s GDP, this encourages investors in the field of
tourism to make investments in Vietnam in the best way. In recent years, with
the goal of building a smart city, as well as developing high technology,
Vietnam has many policies to support investors to invest in the high-tech
sector, which helps many investors from the US, South Korea, and Japan are
well-known countries with high-tech products that have the opportunity to
invest with many incentives.
To seize investment opportunities, as well as create the best
environment for investors to invest effectively, Viet Nam is gradually
completing infrastructure, economic policies, laws, and training human
resources to further meet the investment needs of international investors in
Vietnam in the future.
The 4th wave of Covid – 19 since May 2021 has seriously
impacted Vietnam which the government has to implement several strict measures
to curb the disease including issuing numerous decisions to implement social
distancing for many cities and provinces including economic hubs Ho Chi Minh
City, Hanoi and Da Nang while country-wise vaccination has been rolled out.
From Oct 1st, 2021, most of the cities have loosen up strict
movement restrictions and it is expected that Vietnam is quickly be back to
“new normal” to start receive the investment from foreign investors.
ANT Lawyers – Law
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and strong international network. We focus on customers’ needs and provide
clients with a high quality legal advice and services. For advice or services
request, please contact us via email ant@antlawyers.vn, or call us +84 24 730
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