Top reasons to invest in Vietnam
Vietnam is making a name for itself thanks to its remarkable management against the spread of Covid 19. We have already mentioned this achievement many times on our blog but this is something that we believe should not be underestimated for any investor. These exceptional skills showed during this crisis would not be a surprise for people who know the country well. Vietnam is a country that keeps attracting investments and let’s face it here, there are many reasons to invest in Vietnam and more even to invest in the Vietnamese stock markets more specifically. Some of the key reasons include cost competitiveness, which is particularly true when you compare Vietnam to its large neighbor China. The average salary in Vietnam in 2020 is roughly 375 euros per month; however, this number varies greatly inside the country. In large cities like Hanoi or Ho Chi Minh City, average salaries are close to 400 euros per month while this number decrease to below 200 euros in areas less populated like Buon Ma Thuot or Hoi An.. It is also interesting to underline that foreign managers are often paid very well and sometimes even 5 to 10 times more than local ones. Average salaries in Vietnam have raised by more than 16% last year only which clearly shows that the country is getting out of poverty at a very high speed. The country has also strong and stable economic fundamentals. In short, Vietnam is the perfect place to invest especially if you are an investor with a long-term horizon.