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Vietnam opens local markets for Investors from WTO's Countries

Investment Bank Goldman Sachs predicts that Vietnam's economy, now the 55th largest in the world, will surge to No. 17 by 2025, with a gross domestic product of $450 billion, up from $186 billion currently.

Although Vietnam opened to investors since 1987, however so many administrative policies limited economic growth until the negotiation for joining Word Trade Organization. As their commitments upon joining WTO, Vietnam undertakes to open local market for Investors from countries being WTO's members.

Many important economic sectors have been consecutively opened to investors from worldwide, namely:

  • Banking and Finance
  • Construction and Infrastructure
  • Trading and Retail
  • Shopping center and hypermarket
  • Food and beverage
  • Education
  • Garment
  • Manufacture

Labor costs 20% less in Vietnam than in China, an 800-mile land border with China makes it relatively inexpensive to import Chinese raw materials and supplies for factory work. Value-added manufacturing made up 17% of Vietnam's economy last year.

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