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VIETNAM is roaring with opportunities for investors, if you know how to locate and close on them. It is lagging behind where it might be, but there is a great desire within the nation to move towards the positive.  Many in government and industry will welcome all committed investors.

The Bi-Lateral Trade Agreement with America (BTA) is now long upon us. As a result, there has been a substantial influx of hard currency to Vietnam

V V G has the knowledge, skill and experience to help you.  Financially capable investors know when strong markets have a slow-down, that is the time to make wise investments - -  in THAT market. The time is now in Vietnam.

Gross Domestic Production (GDP) and Direct Foreign Investment (FDI) growth in Vietnam took a down-turn but it is once again on the rise.  Vietnam's GDP for 2007 grew at the remarkable rate of 8.5% over that of 2006.  The GDP for 2006 was 8.2 per cent.  Only China comes close to this admirable place in the world's economy. 

Urban hotel and office building occupancy is on the rise.  Rates charged are expected to climb, particularly in the high-density areas of Hanoi and Ho Chi Minh City.   In the near term, tourism will continue to grow (in 2005 there were over 2.4 million visitors) but suffer in comparison with neighboring Thailand.

However, a fact to be considered is that Vietnam is universally considered the safest destination in all of Southeast Asia.  

There has been no wide swing in the local Vietnamese currency, and no major shift is foreseen by any responsible forecaster. There is a shortage of hard currency that will soon be cured by virtue of new investments and trade brought by the Bilateral Trade Agreement (BTA) and NTR (formerly called MFN).

In a major policy move with long term implications for the region, Taiwan businesses are fanning out through the hardest-hit and recovering nations of Asia, hoping to take advantage of the current crisis by buying up assets at fire-sale prices.

Due to fluctuation's, while Vietnam's exports were up in 2007 they lagged behind imports.  New investments for 2007 were behind the large growth in the late 1990s but up from the prior year.  Some current projects financed from Indonesia, Korea, Malaysia and Thailand are still looking for new investors or awaiting further development. However, expect growth in the export textile sector to take immediate advantage of NTR.

Vietnam did not escaped the turmoil in the region. This new century started with Vietnam looking at the  most difficult period of the past ten years.  Year 2000 had 8 consecutive months of negative growth.  The year 2001 began on a better note, but did not fare well in the last three quarters.  Domestic enterprises are a-building, but the better opportunity for Vietnam lies in the export market that needs direct foreign investment to meet the challenges of this new century.

Year 2002 was a substantially different year. The deflation of recent past became modest but sustained growth the entire year.  Inflation was a modest 3.0% to 3.5% and the GDP grew by an amazing 7.04% over the year 2001.

Year 2003 was considerably better even as Vietnam was struck with the SARS virus.  There are internal problems that Vietnam has room to still work on.  However, it is certain that the investment situation in Vietnam is quite different from those in neighboring lands.  Investors with insight and financial ability will still do well to take a closer look at growth opportunities in Vietnam.

Global challenges in 2008 include increased oil and the dipping value of the US Dollar, and yet GDP remains at or above 8% for the year. Inflation is on the rise, at about 9% in early 2008 while sectors such as food and rent have nearly doubled in the past year.

The reasons to make any foreign investment include key factors that all point favorably to Vietnam as a place to be:

• Stability of government (politics and economics)
• Reliability of workforce (education, experience, loyalty, trainability)
• Costs of operations (sourcing material, availability of labor, taxes, wages)
• Costs and ease of start-up
• Incentives to start-up

Vietnam shines when contrasted with its neighbors.  At the high end Thailand and Malaysia are returning to growth but at half or less of Vietnam's rate.  Indonesia and the Philippines are ready to implode, and Burma, Cambodia and Laos are not in anyone's sights.

V V G's work in Vietnam since January 1994 includes Market Analysis and Research, Establishing Distributor Networks, forming Joint Ventures, Fully Foreign Invested Projects, and Business Cooperation Contracts, preparing and submitting EPC bids, undertaking property development and advising property developers. The value of the projects we have consulted on range from a US$ 3.5 million Manufacturing Plant to a US$ 706 million Land Development Project, and other projects at every level in-between.

We are now following but no longer developing key resort projects that bear careful scrutiny.  One to look at In Vung Tau is the Cua Lap Beach Resort.

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VIETNAM offers one of the world's fastest growing economies, abundant natural resources, an enthusiastic, educated, large, and literate work force, and a stable government. Read our reports to clients that are regularly updated to bring them and you a better glimpse into what is really happening here.  Vietnam Vignettes and Economic Indicators.

VIETNAM is roaring in the 21^st Century. The nation and its people have the ability to move, and every interest in moving, forward.  We provide timely articles on important topics for all those interested in considering Vietnam as a place to invest or visit.  Articles

VIETNAM represents attractive markets for: (i) consumer and commercial products and services; (ii) manufacturing plants; (iii) infrastructure development and renovation; and (iv) as a destination of substantial interest for tourism. 

As of February 2008, there were 8,753 FDI projects, with Total Investment Capital US$ 87.6 billion and Implemented Capital (steel in the ground) of US$ 29.2 billion.   See the current picture at Economic Indicators. The greater HCMC region (HCMC and its neighboring provinces of BaRia-VungTau, Binh Duong, and Dong Nai) is the economic engine and financial center of the nation.  That area, with 13% of the population (11 of 86 million people), has 51.6% of all foreign invested capital and 58% of the projects.

While the total percentage of the nation's projects in this region is smaller than in prior years, the overall investment value remains the same, an indication that the value of each of the existing projects is growing in the Greater HCMC region.

VIETNAM remains the current Frontier. Establishing a business any place can be a daunting and often a difficult task without expert help from professionals with a proven track record. Our Principals and Associates accumulated more than 100+ combined years of international management, marketing and legal experience before V V G was established in Vietnam. We have been living and working in Vietnam and Southeast Asia since January 1994.

V V G started with the necessary business credentials and since our inception has developed the local credibility, personal relationships, governmental contacts and know-how, to open doors, to seize opportunities, and to solve problems.

It is likely that we can save you both time and money in VIETNAM, - - doing our job right the first time. We are business and investment counselors.   Read about Our Services.

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