A strategy consultant and investor recently learnt a lot about business and economics on a trip to Vietnam. He then took to social media to share those lessons.
What Happened: Investor and blogger Kiran D, shared a series of business insights gathered during a recent holiday trip to Vietnam. The revelations included aspects of the country’s labour market, infrastructure, corporate sector, and cultural influences.
On Wednesday, Kiran D tweeted about the cheap and productive labour in the agriculture and manufacturing sectors, commenting that the average wage is about “$1-2/hour,” which equates to roughly “$200-300/month.”
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He also praised Vietnam’s infrastructure, saying, “Infra from roads, ports, facilities are more than world-class.” He drew comparisons with industrial areas in India, suggesting Vietnam is “easily 10-15 years ahead.”
Why It Matters: Kiran D’s observations present a positive outlook on Vietnam’s business environment and show how the country has the potential to attract foreign investment.
He spotlighted Vingroup, a large Vietnamese firm that was recently listed in the US. He noted its electric vehicle (EV) setup, Vinfast, highlighting the government’s support in allotting them an island for their operations.
Other areas of interest included the large-scale aquaculture industry, rapid innovation cycles, and strong influences from Chinese, Japanese, and Korean cultures.
Kiran D also noted the advantages of Vietnam’s “productive culture of working + cheap labour + land at reasonable costs + amazing infra,” but also its challenges, such as the language barrier and limited population size.
The insights provide a valuable snapshot of Vietnam’s business landscape, offering a unique perspective from a business-oriented tourist’s lens.
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