4 Reasons Why Foreign Investment In Vietnam Is Booming...

The major bank HSBC recently reported that Vietnam will be the only country to grow economically in ASEAN by 2020, and is also the best long-term growth country in Asia and recommended frontier market for investors.

In this short video, we are going to share 4 reasons why foreign investment in Vietnam is booming.

But first,

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Unlike its neighbors, Vietnam is expected to grow even after COVID-19. Here are the 4 main reasons for this growth, according to HSBC.

#1. HSBC believes that Vietnam stock prices are giving strong opportunities for investment. The stock prices in Vietnam are currently at a low level and the market is still driven by local retail investors, so great opportunities are still available to foreign investors.

HSBC also believes that any correction session of the market will be an opportunity for investors to participate.

With long-term growth prospects, HSBC believes that foreign investors do not need to spend much effort to reap profits when pouring money into Vietnam.

#2. Vietnam’s effectiveness in containing the spread of COVID-19 is another reason for investment.

Vietnam's capability of controlling the outbreak from the first phase of Covid-19 spread was in stark contrast to strong outbreaks in major financial centers like Hong Kong.

Investors need to carefully evaluate the situation in each country and HSBC believes that Vietnam will be able to control the situation well even a second wave of COVID-19 outbreaks is occuring and will expand its export market share despite the impact of global trade due to the epidemic.

#3. Vietnam has become one of the most attractive markets to foreign businesses.

Vietnam is currently a member of many free trade agreements, making it one of the most attractive markets to foreign businesses after China. Meanwhile, Vietnam is slowly moving forward in the supply chain as productivity and costs improve in production.

Recently, Vietnam has passed a free trade agreement with the European Union (EU), thereby reducing taxes to 0% for about 71% of current goods. After the next 7 years, about 99% of Vietnamese goods entering the EU will be duty free.

This is a very positive signal for Vietnam for the electronics and garment industries.

#4. Tensions between the U.S. and China and the tariff war are also the reasons. The above reasons are causing many companies to move factories away from China.

Japan, for example, has recently been listed companies moving out of China for Japan or to Southeast Asia.

The media reported that about 30 Japanese companies plan to go to Southeast Asia and about 50% of them will go to Vietnam.

Most of these companies are in the industries of manufacturing medical equipment, semiconductors, telephone equipment, and air conditioners.

The Japan External Trade Organization (JETRO) has also advised India to reduce import dependence on China by finding alternatives in Southeast Asia, such as Vietnam.

In summary, these 4 reasons help explain why foreign investment in Vietnam is booming, thus leading to its continued growth even with COVID-19. We hope you’ve enjoyed this video. We appreciate you spending time with us today.

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