Ranked among the fastest emerging markets, Vietnam has one of the highest economic growth rates worldwide, increasing rapidly at an average rate of 7.2% annually. The country is also experiencing amazing industrial production growth. In fact, in the last decade, the average industrial production was approximately 12% per year. All this has contributed to the country’s high GDP growth of about 6.7%.
Other factors that have made many choose Vietnam as a top location for setting up business operations are:
- The US FDI flow in Vietnam. In 2009, the US FDI in Vietnam was about $524 million, soaring up by 10.8% from last year.
- The good infrastructure is another factor that has made Vietnam appealing for US firms to setup their operations here.