Doing Business in Vietnam 2022

Being one of the favored places for foreign investment among Southeast Asian countries in recent years, Vietnam has become an attractive destination for investors. In 2022, Vietnam has reopened travel, tourism, transport services and continues to strongly recover from the pandemic by rising incomes, living standards and transparent investment environment as a result of COVID-19 effective management of the Government. The country’s economic growth rate in the first quarter of 2022 also increased significantly compared with the same period last year.  

To encourage foreign investment, the Vietnamese Government has offered a wide range of investment and tax incentive schemes, highly prioritized domestic infrastructure improvements, and expanded the industrial real estate available to new developers. In addition, to strengthen its connection with the global economy, Vietnam has recently expanded its participation in a number of FTAs with other countries, either as an ASEAN member or on its own. 

This Guidebook is prepared in a collaboration between Ernst & Young Vietnam Limited and the Foreign Investment Agency of Vietnam to provide interested investors a basic understanding of Vietnam's investment climate. While this publication provides a broad overview, we highly recommend that any business looking to invest in Vietnam seeks professional advice specific to their circumstances. The information included here is either obtained or derived from a variety of sources in the public domain. The guidebook is up to date as at 2 December 2022. Please be aware that the laws and regulations may change at any time. 

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