Vietnam's Economy & Business Environment

Which three sectors contributed most to Vietnam’s GDP in 2023?

• Tourism, Banking, Construction

• Mining, Trade, Logistics

• Education, Technology, Oil & Gas

• Industry, Services, Agriculture

Which country was the top source of newly registered FDI capital in Vietnam in 2023?

• Japan

• Singapore

• China

• South Korea

What was Vietnam’s reported GDP size by the end of 2023?

• USD 300 billion

• USD 430 billion

• USD 380 billion

• USD 500 billion

What are the top three sectors attracting private equity (PE) investment in Vietnam in 2024?

• Energy, Tourism, Agriculture

• Healthcare, Education, Fintech

• Mining, Retail, Logistics

• Finance, Manufacturing, Textiles

What makes Vietnam’s young population a strategic advantage for its economy?

• It leads to higher retirement spending

• It increases pressure on healthcare systems

• It provides a large, trainable workforce for growing industries

• It causes overcrowding in urban areas

Which two certificates are required to legally establish a foreign business in Vietnam?

• Investment Registration Certificate & Business License

• Trade Permit & Labor Clearance

• Investment Registration Certificate & Enterprise Registration Certificate

• Corporate Tax ID & Land Use Rights

What legal framework governs enterprise operations in Vietnam?

• Law on Corporations

• Law on Public Administration

• Business Law 2020

• Foreign Entity Act

What is the primary purpose of Export Processing Zones (EPZs) in Vietnam?

• Hosting government agencies

• Providing free housing to workers

• Supporting education programs

• Promoting export-oriented manufacturing

What incentive do industrial parks (IPs) commonly offer investors in Vietnam?

• Citizenship for foreign owners

• Long-term land lease and tax reductions

• Profit repatriation bans

• Guaranteed monopoly in local markets

Besides low labor costs, what makes Vietnam attractive to foreign investors?

• High tariffs on exports

• Macroeconomic stability and broad FTA network

• Closed banking system

• Limited trade agreements