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Vietnam – 2017 Total Workforce Index™ Country Profile Article

Consistently in the top markets to consider for business expansion into the Asian Pacific, Vietnam is a favorable market for new or increased investment. However, lack of highly skilled workers has Vietnam losing economic ground to China. However, new tax breaks for high-tech transfers assist with skilled workforce development through industry-specific training for the local workforce. Employee engagement is on...

Vietnam: New Investments in IT Training and Infrastructure Make Vietnam a Growing APAC Tech Hub

Vietnam is now consistently ranking at the top of the Asian market for business expansion, coming in behind Singapore as the 2nd most favorable market to invest in based on economics, regulation, and talent. The country’s young and active workforce only increases the appeal of this emerging market. In conjunction with an energetic workforce, Vietnam also ranked 7th out...

Vietnam: Higher Minimum Wage, Overtime Cap for Workers

One of the largest emerging talent pools, with over 90 million people, is found in Vietnam. The median age of the country’s population is under the age of 30, a benefit considering most markets are facing challenges related to an aging workforce. That said, Vietnam has a very small labor pool which is highly technologically skilled labor pool. This...

Vietnam: Potential for Growth in Finance and Banking Industry

The primary industry priorities in Vietnam are textiles, shoes and leather, plastics, food and beverage, paper, oil and gas, chemicals, and mining. The finance sector is not as developed in Vietnam. As evidence of this, of Vietnams’ population of 90 million people (as of October 2013), only 20 percent have bank accounts. The banking penetration rate in Vietnam reached...