Vietnam, the easternmost country on the IndoChina Peninsula in Southeast Asia is the 13th most populated country in the world. It is bordered by the South China Sea to the east, China to the north, Laos to the northwest and Cambodia to the South West. While Hanoi is the capital of Vietnam, Ho Chi Minh City is the largest city in the country. Shaped like the letter ‘S’, Vietnam stretches the length of the IndoChinese Peninsula and covers a surface area of 128,000 square miles. While the country is a luxuriant tapestry of fertile deltas, soaring mountains, primitive forests, flowing rivers, waterfalls, beaches and mysterious caves, it also offers a feast of culture and history for curious visitors.
Vietnam has a thriving rubber industry, the country being one of the biggest suppliers of rubber around the world. It is fifth among top rubber producers in the world and ranks third among top world rubber exporters. As the natural conditions in the southeast region of Vietnam are most suitable for rubber plantation, the region is anticipated to account for 67% of the total plantation and 79% of the total productivity of rubber in Vietnam. While the country exports 85-90% of natural rubber to many foreign countries, China is one of the largest importers of rubber from Vietnam.
Vietnam offers many business opportunities to both local as well as foreign entrepreneurs. The country has had a remarkable economic growth over the last two decades and has become a major exporter of agricultural goods. While many factories and mining companies in Vietnam are corporatized, joint ventures are permitted to start businesses with 100% foreign capital. Private sector in the country is mainly into services and production of consumer goods, while foreign entrepreneurs mainly invest in cafes, restaurants, discos, real estate and furniture.
Vietnam has witnessed an impressive economic growth after its entry to the World Trade Organization (WTO) in January 2007. The favourable environment created by the government……
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