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Why Vietnam?

Why Vietnam?


Vietnam is a top destination for investment as companies seek new sources of growth beyond the BRICs (Brazil, Russia, India, China; “Great Expectations: Doing Business in Emerging Markets”, Economist Intelligence Unit, The Economist, August 2010). Vietnam has a large, young, reasonably well-educated and relatively cheap work force. Political stability boost the economic transition from central state control to market orientation. The time difference of 6 hours between Vietnam and most of European countries and the advantage that Vietnam is the only East-Asian country with Latin Character Scripture highly facilitate the cooperation between GHP and European customers. We are earlier than Europe but provide the same quality!

 

Facts & Figures (2010)

 

People
Population 90.549.390 *
Median age 27,8 years *
Labor force 47,37 million *
Literacy 94% *
Economy
GDP – real growth rate 6.8% *
Inflation rate (consumer prices) 11.8% **
Investment (gross fixed) 33.9% of GDP *
Business Process Outsourcing
Global BPO Ranking 8th place ***
IT & Telecommunications
Internet users 26,78 million *
Mobile service subscribers 14,37 million *
Software Development
Number of companies over 1.000 ****
Number of employees over 64.000 ****

 

* https://www.cia.gov/library/publications/the-world-factbook/geos/vm.html
** Deutsche Bank Economic Update, June 2011
*** A.T. Kearney Global Services Location Index, 2011
**** Vietnam Software Outsourcing/Business-in-Asia.com

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