Vietnam is earning a good reputation as a sound overseas investment destination. The beautiful country is one of the fastest growing economies in the world. If one chooses to invest in Vietnam, one will be exploiting an ideal investment opportunity due to the country’s stable growth, low cost of running a business, as well as affordable labor. The country is known to be warm to foreigners and there are no unnecessary barriers to investing in the country.
The country is an attractive destination for experts, entrepreneurs, investors, and retirees. Vietnam is in close proximity to China, an economic power-house in its own right. One does not have to live in Vietnam in order to retain an investment portfolio. There are enough property managers and one only need to check in the country only once in a while.
From 2015 onwards, Vietnam has observed a wider investment space. It is in 2015 that the government relaxed the various laws regarding property ownership. With just a tourist visa, one is able to make and execute an investment decision.
Demographic analysts have predicted that, by the year 2040, the population of Vietnam will have risen from 95 million as it stands presently, to 120 million. Major cities in Vietnam are going to benefit from rapid urbanization. The government has shown its commitment to open up the economy and the market even further, and this will come with a lot of benefits for potential investors who chose Vietnam for investment.
How to Invest in Vietnam
The first thing that one should do is to do business within the Law on Investment (LOI). One should understand in this is that a foreigner is not able to own land in Vietnam. One can only own the house but not the land in it. One …