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Welcome to HIS OCS Vietnam

Overview of Vietnam

Why Vietnam

Here are 5 reasons to choose Vietnam as a place for your expansion.

According to the Ministry of Education and Training, 97% of the working-age population is literate, with over 52% of its population at their prime working age (Source: PWC)

Vietnam is currently a member of 13 free trade agreements (FTA) such as ASEAN, CPTPP, EFVTA and etc., making it one of the most attractive markets to foreign businesses after China

The growing economy with its low minimum wage poses a cost-efficient alternative to China, especially in the manufacturing industry.

Close to major markets in Asia as well as shipping routes. Effectively enhancing trade, the two biggest cities are strategically positioned in the South (Ho Chi Minh) and the North (Hanoi), making Vietnam a bridge into neighbouring locations.

From 2002 to 2018, poverty rates in Vietnam declined sharply from over 70% to below 6% according to the World Bank Group. According to the General Statistics Office (GSO), GDP growth rate in Vietnam from 2011 to 2019 was between 5%-7% and the GDP growth of 7.02% in 2019 was impressive as it was far exceeding the target set by the National Assembly which was at 6.6 – 6.8%. Vietnam has become one of the fastest-growing economies in the world.

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