Doing Business in Viet Nam 2024

Viet Nam is an increasingly attractive destination for foreign investors with a rapidly growing economy and a large population of approximately 100 million with a working-age majority as well as many other positive factors. The population of Viet Nam represents 1.23 percent of the world´s total population which represents a large, young and dynamic workforce as well as a strong support for the growth of consumption demand. Vietnam successfully navigated economic headwinds and geopolitical instability to be one of the countries with high economic growth, reaching 5.1% in 2023. Vietnam is also forecasted GDP rise as 6-6.5% in 2024.

History has proved that Viet Nam economy is resilient through crises and Viet Nam is able to adapt to changes, overcome uncertainties and come back stronger. With more than 30 years of social economic reforms – Đổi Mới, Viet Nam has moved from being one of the poorest nations in the world to a lower middle-income country with a number of significant socio- economic achievements. Viet Nam has transformed itself with its sights set on becoming a developing, upper-middle-income country with modern industry by 2030 and a high-income developed country by 2045.

This guidebook has been prepared by Deloitte Vietnam to provide readers with an overview of the investment climate, forms of business organization, taxation, and business and accounting practices in Viet Nam.

To find more detail on Doing Business in Vietnam, please contact us at deloittevietnam@deloitte.com.