Moving to Vietnam: The Top 3 Industries to Invest In
Vietnam is a beautiful country. People from all over the world come to visit and immerse themselves in the food, people, and locations. It’s a country rich in culture and opportunities if you know where to look—which is why more and more people are choosing to make the big move to this country. In 2018 alone, there were over 82,000 foreigners working and living in Vietnam.
One of the best ways to settle in the country and make a living is through investments. There are many ways you can invest, such as establishing a new enterprise, acquiring an existing enterprise, setting up a branch office, or using contractual arrangements.
It is a growing economy, and if you’re looking for the best industries to invest in, here are the top five:
1. Construction and Building
A great industry to start investing in for foreigners is construction materials. You can open a business selling different kinds of building materials, either for home improvement or large-scale construction.
Once you’ve established yourself, you can branch out into building and construction services. You might as well offer home improvement services if you have the materials for it. You can become a reliable contractor and a one-stop-shop for various construction services.
There is a high demand for building and repairing services in Vietnam, making this a great industry to look into.
2. Beauty and Cosmetics
Vietnam has a booming beauty and cosmetics industry. In 2018 the value of its market was estimated to reach US$2.35 billion. Despite a relatively small market, the beauty and body care industry continues to grow every year.
With beauty and wellness becoming a priority for people across the globe, this trend in Vietnam will only get bigger. This gives immigrant investors the opportunity to break in and make it big. People are always looking for the next best thing when it comes to beauty and self-care. The demand for good-quality beauty products is high, and the opportunities are ripe for investors like yourself.
3. Real Estate
Whether or not you buy an investment property or become a realtor, Vietnam is a good place to do it. Foreign investors will have an easy time buying properties and real estate to either sell or rent.
You won’t regret putting your money into this as the increasing immigration can give you another market to consider. If you’re well-versed in the field of flipping properties, this is an industry where you can shine. If you have the capital and the skills, this is definitely worth it.
The Bottom Line
There are plenty of good industries to invest in Vietnam. It’s definitely worth looking into settling down in the country.
Whether you’re retiring or just starting out, Vietnam is a great place to live. It’s a bustling city filled with charm and excitement. Wherever you go, you can experience the culture in a new way. Living in Vietnam is also cost-efficient. You can enjoy a growing business while still having the pleasure to travel and be around nature. It’s truly the best of both worlds.
If you’re worried about finding the right place to live, whether it’s apartments, houses, or even large properties, we can help you. VietLong Housing has been helping expats find their dream homes for over ten years. We can guarantee that we can find you the best property for sale in Hanoi at great prices!