With its strategic location on top of the other factors, Viet Nam is poised to become the best option for the China+1 strategy in the region. — Photo courtesy of TMX Viet Nam has among the lowest costs of doing business in its neighbourhood, with only Cambodia and Myanmar being cheaper, business transformation consultancy TMX has said in a report. ‘The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia’ says Viet Nam has average operating costs of US$79,280-209,087 a month. Its average warehouse rental is the fourth lowest at $5/sq.m/month behind only after Thailand, Myanmar and Cambodia. This trend is expected to continue since the country is seeing a lot of warehouse construction. In the report, experts also assess Viet Nam as having the "highest potential" in the region due to the Government’s strong commitment to reducing tariffs and tax regulations, and the country’s free trade agreements designed to support investors. The country has a … [Read more...] about Viet Nam business costs among the lowest in region: study
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Việt Nam business costs among the lowest in region: study
With its strategic location on top of the other factors, Việt Nam is poised to become the best option for the China+1 strategy in the region. — Photo courtesy of TMX HCM CITY — Việt Nam has among the lowest costs of doing business in its neighbourhood, with only Cambodia and Myanmar being cheaper, business transformation consultancy TMX has said in a report. ‘The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia’ says Việt Nam has average operating costs of US$79,280-209,087 a month. Its average warehouse rental is the fourth lowest at $5/sq.m/month behind only after Thailand, Myanmar and Cambodia. This trend is expected to continue since the country is seeing a lot of warehouse construction. In the report, experts also assess Việt Nam as having the "highest potential" in the region due to the Government’s strong commitment to reducing tariffs and tax regulations, and the country’s free trade agreements designed to support investors. The … [Read more...] about Việt Nam business costs among the lowest in region: study
