Vietnam highly attractive to all types of businesses: Vietnam Briefing
Vietnam has become an increasingly attractive place for businesses of all types, given the country’s growing consumer class and dynamic workforce, according to the newswire Vietnam Briefing.
Vietnam has become an increasingly attractive place for businesses of all types, given the country’s growing consumer class and dynamic workforce. (Illustrative photo: VNA)
Hanoi (VNA) – Vietnam has become an increasingly attractive place for businesses of all types, given the country’s growing consumer class and dynamic workforce, according to the newswire Vietnam Briefing.
Much of Vietnam’s economic growth has come from the movement of people from traditional agriculture to the manufacturing and service industries, in addition to the increased mechanisation of the agriculture sector itself, the newswire wrote in an article published on March 2.
Vietnam is one of the Association of Southeast Asian Nations (ASEAN)’s largest labour markets with approximately 56 million people and a labour participation rate of 76 percent.
However, due to the developing nature of the workforce in the country, there exists some difficulty in finding highly skilled employees because only 12 percent of Vietnam’s workforce are considered highly skilled.
According to Vietnam Briefing, skills and talent shortages are particularly acute in industries such as technology and banking. Vietnam is currently lacking over 70,000 IT workers per year and the government is setting a target of creating a pool of 1.3 million IT workers by 2025.
The US-China trade war has aggravated the existing shortage of quality labour as more companies shift all or part of their manufacturing to Vietnam, particularly for engineers, managers, and software developers.
To solve the challenges within its labour force, the Vietnamese government has announced it will prioritise adapting its industries to a digital future and will improve the accessibility of on-the-job training programmes in these fields. The vocational education system is also working with the private sector to set up training programmes based on the demand of enterprises.
💮 Vietnam’s business climate already encourages innovation and attracts foreign investment, so an enhanced learning ecosystem will allow the country to respond well to the latest technological disruptions, the newswire said./.
The website Vietnam Briefing run by Dezan Shira & Associates on March 30 posted an article spotlighting Vietnam’s integration into the global value chains (GVCs) and the differences between the supply chain of Vietnam and those of other countries, as well as an overview of the country’s electronics sector.
The foreign investment consulting firm Dezan Shira & Associates’ Vietnam Briefing website, on May 13, published an analysis on a trend of increasing EU investment in Vietnam and the reasons why the nation has became a formidable competitor in attracting foreign investment in Southeast Asia.
With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam has become an increasingly attractive place for businesses of all types, given the country’s growing consumer class and dynamic workforce. (Illustrative photo: VNA) 
