According to the Business Registration Agency in Vietnam, more than 15,400 enterprises newly registered or reopening their business in the first month of 2018. In a report of the agency, more than 10,800 start-ups with a total registered capital of nearly US $4.33 billion joined this month, which resulted in an increase of 20.6% and 8.9% respectively compared to the same period last year.
As the third largest market in Southeast Asia, Vietnam is one of the fastest growing economies in the world. This is one of many reasons why various investors decided to choose Vietnam as an outsourcing destination. So, do you think Vietnam is a potential market for your business venture? What will happen in the Vietnam Market in 2018 which may influence your decision?
The German Industry and Commerce in Vietnam (GIC/AHK), the Federal Ministry of Economics and Technology (Germany) and the Mechanical Engineering Industry Association (VDMA) organised a conference in Hanoi and HCMC respectively to promote the cooperation level between Vietnamese SME’s and a delegate of German Manufacturing companies.
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