Doing business In Vietnam
Vietnam is a robust economy driven by significant Foreign Direct Investment and strategic global integration. The country targets high-income developed status by 2045, prioritizing high-tech, digital transformation, and sustainable growth. Its outlook remains strong, supported by legal framework enhancements and political stability.
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/ The Vietnamese Market in a few words
Vietnam offers a dynamic market marked by resilience, with an estimated 7.09% GDP growth in 2024 (and the goal of 8.3 – 8.5% growth in 2025). It benefits from a “golden population structure” (101.3 million people), competitive costs, and a strategic location facilitating manufacturing diversification. Vietnam is deeply integrated internationally, having executed 17 signed and effective Free Trade Agreements (FTAs). FDI is being channeled into high-value sectors, including electronics, manufacturing, and energy transition, aligning with national goals for sophisticated supply chain development and green growth.
Key industries in Vietnam include:
- Manufacturing and electronics: Vietnam is a leading hub for electronics, automotive components, machinery, textiles, and footwear, supported by competitive labour, expanding industrial zones, and strong FDI inflows.
- Agriculture and food processing: A global exporter of coffee, seafood, rice, spices, and a fast-growing hub for food processing and Agri-tech.
- Technology and digital economy: With rapid digital adoption, Vietnam is growing in software development, fintech, e-commerce, and IT services, driven by a young workforce and government-backed digital transformation.
- Energy and sustainability: Rapid growth in renewable energy, LNG, and environmental solutions as Vietnam accelerates its transition toward a greener economy.
101.3 M
Population
VND
Currency
476 bn
GDP (Dollar)
7.1%
Economic Growth Rate
/ ALTIOS in Vietnam
Established in Vietnam since 2020 with an office in Ho Chi Minh City, ALTIOS empowers international companies to expand with confidence. We deliver comprehensive market-entry and growth solutions, including market research, partner searches, and strategic advisory services. Our team manages the entire setup process, including company incorporation, legal compliance, HR and payroll, and ongoing administrative support to ensure seamless operations from day one. With deep local insight and a robust supporting ecosystem that includes government agencies, chambers, banks, and industrial parks, ALTIOS helps clients enter, operate, and grow sustainably in this dynamic market.
/ Nguyen DO
Country Manager
Vietnam
d.nguyen@altios.com
/ Set Up a Business in Vietnam
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Our team of friendly experts loves nothing more than helping businesses like yours get off to a flying start in Vietnam.