Running head: DOING BUSINESS IN VIETNAM
1
Doing Business in Vietnam
Student Name
Institution Name
, DOING BUSINESS IN VIETNAM
2
Doing Business in Vietnam
Occasionally, it is challenging to start a business in an adverse environment where there
are insecurity and political instability. Unlike fragile countries, Vietnam has a stable government,
good security, sound social structure, and a stable economy. As such, these make Vietnam an
ideal environment for business investment.
Vietnam is located in a favorable geographic location of southwest Asia surrounded by a
combined populous of China, Korea, Taipei, and Japan. It has a vast population of over 2 billion
people, who form the basis for business (“Doing Business in Vietnam”, 2006). As a result, this
has made the country’s economic growth to develop greatly, hence improving its Gross
Domestic Product (GDP) for the subsequent years. Currently, Vietnam has a population of over
88 million people, and it’s expected to grow farther (Arrowood, 2009). About 50% of the youths
are elite and equipped with top skills that serve various industries such as financial sectors,
technology, and many other competitive sectors. Comparatively, the country’s counterparts have
got less potential. Thus, it remains the leading business economy in the region.
Since 1970, oil discovery and its exploration have enabled the country to be one of the
largest petroleum products exporters. Also, it harnesses hydropower, which is the major source
of energy required for the functionality of all the industries and businesses in the country.
Moreover, it has heavily invested in agriculture whereby it exports products such as coffee, rice,
cashew nuts, and pepper.
1
Doing Business in Vietnam
Student Name
Institution Name
, DOING BUSINESS IN VIETNAM
2
Doing Business in Vietnam
Occasionally, it is challenging to start a business in an adverse environment where there
are insecurity and political instability. Unlike fragile countries, Vietnam has a stable government,
good security, sound social structure, and a stable economy. As such, these make Vietnam an
ideal environment for business investment.
Vietnam is located in a favorable geographic location of southwest Asia surrounded by a
combined populous of China, Korea, Taipei, and Japan. It has a vast population of over 2 billion
people, who form the basis for business (“Doing Business in Vietnam”, 2006). As a result, this
has made the country’s economic growth to develop greatly, hence improving its Gross
Domestic Product (GDP) for the subsequent years. Currently, Vietnam has a population of over
88 million people, and it’s expected to grow farther (Arrowood, 2009). About 50% of the youths
are elite and equipped with top skills that serve various industries such as financial sectors,
technology, and many other competitive sectors. Comparatively, the country’s counterparts have
got less potential. Thus, it remains the leading business economy in the region.
Since 1970, oil discovery and its exploration have enabled the country to be one of the
largest petroleum products exporters. Also, it harnesses hydropower, which is the major source
of energy required for the functionality of all the industries and businesses in the country.
Moreover, it has heavily invested in agriculture whereby it exports products such as coffee, rice,
cashew nuts, and pepper.
