Home to over 100 million people, Vietnam is experiencing explosive economic growth with 8% GDP expansion driving regional opportunities.
Population
GDP Growth (2025)
GDP
Under 35 Years Old
FDI Inflows
Vietnam leads Southeast Asia in economic expansion with 8%+ GDP growth, outpacing regional peers with consistent sector growth.
$25B+ government investment driving transport, energy, and digital connectivity improvements across the nation.
Over 60% of population under 35 years old, providing abundant skilled labor and innovative talent for growth sectors.
Companies relocating supply chains to Vietnam as part of China+1 strategy, creating unprecedented opportunities in electronics, textiles, and consumer goods.
$23B+ annual foreign direct investment inflows driven by competitive costs, strategic location, and attractive government incentives.
Rapid e-commerce growth, fintech expansion, and tech startup ecosystem attracting regional and global investors with 25%+ CAGR.
| Sector | Opportunity | Growth Outlook |
|---|---|---|
| Manufacturing | China+1 strategy beneficiary | Strong |
| Electronics | Samsung, Intel, LG production | High |
| Digital Economy | E-commerce and fintech boom | 25%+ CAGR |
| Infrastructure | $25B+ government investment | Ongoing |
| Logistics | Regional supply chain hub | Growing |
| Tourism | Recovery and expansion | Steady |
Firefish's comprehensive support package for Singapore SMEs expanding to Vietnam
Deep market research, competitor analysis, and consumer insights specific to your industry in Vietnam's dynamic economy.
Connect with strategic partners, distributors, suppliers, and investors in your target Vietnamese market.
Navigate Vietnamese regulations, licensing, company registration, and tax requirements with expert guidance.
Customized launch plan, pricing strategy, and market entry roadmap tailored for Vietnam's fast-growing sectors.
Continuous guidance during your first 12-18 months of operations in Vietnam with market adaptation assistance.
Fully eligible for MRA Grant funding. Up to 70% of costs covered for SMEs from 1 April 2026.
Vietnamese Dong (VND)
1 SGD ≈ 20,000 VND
Vietnamese
(English increasingly used in business)
ICT (Indochina Time)
UTC+7
Ho Chi Minh City, Hanoi, Da Nang, Hai Phong
Building trust and personal connections is fundamental to doing business in Vietnam. Take time to develop genuine relationships with partners before sealing deals.
Vietnamese business culture values respect for authority and established hierarchies. Decision-making typically flows from senior leaders down the organization.
Business processes may move slower than expected. Patience is essential—allow adequate time for discussions, negotiations, and relationship building.
Vietnamese prefer harmonious outcomes and consensus-building approaches. Avoid direct confrontation; approach negotiations collaboratively and diplomatically.
Success often depends on professional relationships and networks. Invest in networking events, social gatherings, and local community involvement for opportunities.
Having a trusted local partner significantly accelerates market entry and helps navigate regulatory, cultural, and operational complexities effectively.
Grant covers market research, feasibility studies, and competitive analysis to prepare your Vietnam market entry strategy.
Funding for trade missions, business matching events, and relationship-building activities with local Vietnamese partners and distributors.
Support for training, skills development, and hiring of local teams to build operational capability in Vietnam's market.
Grant covers professional consulting for legal setup, compliance, marketing strategy, and operational planning in Vietnam.
Let Firefish guide you through your market expansion with full MRA Grant support.
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