Have you ever considered doing business in Vietnam?

For a long time, Vietnam has been perceived purely as a socialist nation somewhere in Southeast Asia. However, this is rapidly changing, not only because of the country’s popularity as a tourist destination but because of its rapid economic expansion and incorporation into the technological arena.

If you have been thinking about where to head for your next vacation or maybe a place where you can find potential allies for your business, keep on reading this article for more information on how to get there and what options you have in the southeast Asian country.

It’s not a secret that there will be some requirements. In any case, even those are easy to accomplish today because of online digital instruments. We found a convenient platform that allows you to do it without complications and from the comfort of where you sit. Check out hundreds of users’ comments that tell you about their experience applying for their visa or other travel documents with iVisa. Their team of experts will give you all the information you need before leaving for Vietnam and all you need to do to apply for your Vietnam eVisa. Their simplified form will allow you to submit an application by following three simple steps. Just answer a few simple questions, and you’re on your way to getting your visa. Another cool thing is that an iVisa expert will be assigned to guide you through the entire process of getting a Vietnam eVisa and getting your photo taken. This is without having to look for a professional photography studio. Something convenient to have when prepping for your travels abroad, so be sure to check it out.

Once you have sorted out all your paperwork and arrived in the country, you will first notice the importance of its geographical location in the Indochinese peninsula. Sharing borders in its northern area with China, Laos, and Cambodia to the west, and finally with The Philippines, Indonesia, Thailand, and Malaysia at its coastal S-shaped maritime borders.

Our top recommendation for tourists is to visit Hanoi, the capital city of Vietnam. This city is significant not only because of its history dating back to the third century BC but because it is a vibrant city with over 8 million inhabitants. This makes it a place of delight for those seeking ancient temples and busy streets, with restaurants, shops, and art galleries.

Those looking further than tourism will see that Vietnam is much more than a country, filled with ancient temples and ruins of the mighty empires of the distant past. It has been keeping up with the current economic and technological arenas.. Its geographical position, and tropical climates, are just some of the many advantages of investing in Vietnam. Other benefits like tax reduction or, in some instances, an exemption for up to four years make it a perfect place for digital nomads and IT professionals to decide to move their businesses there.

An additional reason is that in 2012, the Vietnamese government launched a scientific and technological development plan. Despite the Vietnamese government’s political orientation in the past, it is evident that the government fully supports the incorporation of the country into the new technological advancements through the creation of the Ministry of Information and Communication.

However, it’s not only foreign unicorns that are investing and seeking company growth. Instead, it’s also Vietnamese allies and national enterprises that are thriving in the world of IT, AI, and Fintech. But it doesn’t end there; in 2019, the telecommunications and 5G technology industry were worth USD 15 million. More and more users are connected to the Internet daily. The country has even agreed with Asian countries to develop 5G technology with Vietnamese gear. If you look a bit closer, in 2021, tech enterprises had made up to USD 8.6 billion in revenue and had 188 companies functioning.

Due to a high percentage of the population being young and inclined to be a part of the changing ways society is developing, the country has grown so rapidly in the last few years. It has easily been incorporated into the latest economic and technological development paths.

All this is evidence that Vietnam aims to position itself as one of the leading players in the industrial revolution. This is not only through human capital but also through becoming a supplier of essential items for technological development.

So what are you waiting for? Whether looking for a delightful vacation on a tropical beach, jungle, or temple, or even settling down and contemplating new business ideas or expanding existing ones, we advise you to consider Vietnam as one of the main destinations where you can get both.