Southern Key Economic Region of Vietnam
The Southern Key Economic Region of Vietnam comprises eight cities and provinces, including Ho Chi Minh City, Binh Duong Province, Dong Nai Province, Ba Ria Vung Tau Province, Long An Province, Tien Giang Province, Binh Phuoc Province and Tay Ninh Province. The Southern Key Economic Region is the most developed region in Vietnam which attracts lots of foreign direct investment. The rent in this economic region is generally higher than that in other economic regions, and the average salary in the region is also the highest one, but there are more skilled workers in this region, and the investment environment is better.
The key industries in the region include electronics, software, IT, telecom, hi-tech agriculture production and processing. Each city or province in the region has its own advantages and key industries. For example:
- Ho Chi Minh City: high-tech manufacturing, real estate, service industries, etc.
- Binh Duong Province: electronics, metal and mechanics, real estate, high-tech manufacturing, etc.
- Dong Nai Province: food processing, textile and garment, computer and electronics, automotive, high-tech projects, etc.
- Ba Ria Vung Tau Province: oil and gas, tourism, chemical and supporting industries, etc.
- Long An Province: footwear, textile and garment, mechanical engineering, agricultural products, etc.
- Tien Giang Province: metal products, agricultural and forestry products, rubber and plastic products, etc.
- Binh Phuoc Province: agricultural products, wood and rubber processing, fruit processing, and supporting industries, etc.
- Tay Ninh Province: textile and garment, mechanical engineering, agricultural processing, etc.
KAIZEN Group is equipped with experienced and highly qualified professional consultants and is therefore well positioned to provide professional advices and services in respect of the formation and registration of company, application for various business licences and permits, company compliance, tax planning, audit and accounting in China. Please call and talk to our professional consultants for details.
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