At an invitation-only breakfast at the 1818 Club, the Gwinnett Chamber hosted Ms. Van Le, Counselor at the Vietnam Embassy and Mr. Bill Dao, North American Representative for Becamex IDC Corporation, Vietnam’s top industrial real estate company. Le shared about the policies and incentives that attract foreign investment to Vietnam while Dao dove deeper into the investment opportunities in the Binh Duong Province.
Le and Dao credited the country’s economic stability, geographic positioning, competitive costs, and international trade partnerships as key attributors to Vietnam’s rise. Strategically located at the center of Southeast Asia, Vietnam’s robust infrastructure allows easy access to numerous ports, airports, and rail. The Binh Duong Province ranks number one in infrastructure and has been dubbed a manufacturing hub. The province is less than 20 miles away from Ho Chi Minh City and its airport and less than 25 miles away from the nearest port.
Along with its location and infrastructure advantages, Vietnam offers a young and energized workforce (Nearly 69% of its 98 million population falls within the labor force) and competitive production costs. With 20 Free Trade Agreements, investment in Vietnam gives businesses access to markets in the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), a combined population of 612 million and GDP of $2 trillion. Furthermore, Vietnam managed a positive GDP growth despite the ongoing pandemic. As ASEAN’s third largest economy and top 10 world ranking in starting a business, Vietnam is quickly becoming a vital player in the global economy.
Gwinnett’s international reputation gives the chamber unique opportunities to host catered events to members of interest. Today’s event, organized in partnership with Global Atlanta, was a prelude to a planned delegation visit from Binh Duong Province Governor Vo Van Minh next May to further promote the trade ties between Vietnam and the United States. To learn more about investment opportunities in Vietnam, you can reach Mr. Bill Dao at billdaovn@gmail.com and Ms. Van Le at vanle@vietnamembassy.us.
