Since joining the World Organization 17 years ago, Vietnam has achieved remarkable economic growth and strong development momentum, and is becoming one of the world's top 20 largest economies.
Vietnam's economic environment: strong momentum and rapid development
Since joining the World Organization 17 years ago, Vietnam has achieved remarkable economic growth and strong development momentum, and is becoming one of the world's top 20 largest economies. In 2023, Vietnam's GDP will reach US$430 billion, with a per capita income of US$4,284, an increase of US$160 over the previous year, and a GDP growth of 53%, ranking second among the six ASEAN countries, leaving Singapore and other countries far behind. On the basis of the principles of the world's leading organizations, Vietnam has signed and implemented 16 free trade agreements with more than 60 partners, accounting for nearly 90% of global GDP.
Vietnam's political environment: take a firm stance and learn from ChinaVietnam is the same nature as China, and it is also a socialist country, and the Communist Party of Vietnam is the only political party in Vietnam, the ruling party, the vanguard of the Vietnamese working class, and the party of the proletariat. Many of Vietnam's political initiatives have been borrowed from our political approach. The 13th National Congress of the Communist Party of Vietnam in 2021 also put forward two centenary goals: to enter the ranks of high-level middle-income countries by the centenary of the founding of the party; In the 100th year of the founding of the People's Republic of China, it became a prosperous and developed country. The 13th National Congress of the Communist Party of Vietnam also proposed to take economic and social development as the core, comprehensively improve the socialist market economic system, and go all out to achieve the goals of making the people rich, the country strong, democratic, fair, and civilized.
Vietnam's human environment: geographical proximity and cultural affinity
Vietnam borders China, geographically and culturally, whether it is culture, food, customs, or even the Spring Festival, Qingming Festival, Labor Day, Dragon Boat Festival, Midyear Festival, and Mid-Autumn Festival. 
Vietnamese Lunar New Year.
Interpretation of Vietnam's investment policy
Tax policy: 0 tariffs on exports from 104 countriesThe vast majority of goods exported from Vietnam are exempt from export duties. The tariff on goods exported from Vietnam to Europe and the United States is very low, and there are zero tariffs on some goods. This preference is mainly due to two agreements signed by Vietnam. One is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which dramatically reduces tariff rates among member countries. The other is that Vietnam and the EU signed the Vietnam-EU Freedom Agreement, which the EU eliminated 99 of Vietnam's obligationsThe 2% tariff is equivalent to 99% of Vietnam's exports to the EU7% and the remaining 03%, the EU promised to import tariff-free in a quota manner.
Land policyFor foreign investors, Vietnam** offers favorable policies in terms of land use rights, reduction and exemption of land rent, extension of lease period, and preferential land transfer. According to Vietnam's Land Law and Foreign Investment Law, foreign investors can obtain land use rights by way of lease, which is usually longer and can be extended. Vietnam can also provide land use rights by way of land transfer, enabling foreign investors to purchase land for investment. If a company is established in a joint venture between Vietnam and a foreign capital, the Vietnamese company can use the land use right as a capital contribution.
Financial policy
Financial institutions in Vietnam offer a range of financial support measures to foreign investors, including:Preferential Loan Rate:Foreign investors can get loan support with low interest rates to finance their investment projects in Vietnam.
Foreign Exchange Services:Financial institutions in Vietnam can provide foreign exchange services to facilitate the transfer and settlement of funds for foreign investors.
Investment Insurance:Vietnam provides an investment insurance mechanism to guarantee the safety of foreign investors' investments in Vietnam. Investment insurance can protect investors from factors such as political risks, non-business risks, and force majeure. Capital Market Support:Vietnam's capital market provides opportunities for foreign investors to raise capital and increase their capital. Foreign investors can obtain capital financing through ** listing, bond issuance, etc., and participate in capital market transactions in Vietnam.
The above provisions are mainly stipulated in the Foreign Investment Law and the Finance Law of Vietnam.
Intellectual Property Protection
Viet Nam has strengthened its legal framework and enforcement efforts to protect the IP rights and interests of foreign investors.
In addition to domestic legislation, Viet Nam actively participates in international intellectual property organizations and multilateral intellectual property agreements, such as the World Intellectual Property Organization (WIPO), the Paris Convention and the TRIPS Agreement. Vietnam has signed bilateral and multilateral agreements with other countries, pledging to protect the intellectual property rights of foreign businessmen and strengthening cooperation and information exchange with other countries.
The development of China and Vietnam has ushered in a new historical stage, and Vietnam is speeding up the process of national industrialization and modernization. It is reported that during the period from 2021 to 2030, Vietnam will focus on promoting scientific and technological progress and innovation, and achieve breakthroughs in productivity, quality, efficiency and competitiveness. From 2031 to 2045, we will focus on improving the quality of industrialization and comprehensively modernizing all areas of economic and social life. In this process, Chinese companies are expected to actively participate.
With the rapid development of Vietnam, it can be said that Vietnam has become a new highland for ASEAN investment that cannot be ignored.