Is it possible? Or, more important, is it wise?

Hoi An, I see a bit more difficult. Reason, they are quite national heritage concerned - production might not be good the environment. From some friends I know, it takes there easy 2-3 years on paper works, what in NT takes only 3-4 month and they care less about $$$, as they  are more controlled by Da Nang

Hi !
If you are really like to invest in manufacturing , It should be the east of the south such as Binh Duong, Dong Nai...
I am working as chief consultant who consult to international manufacturing investors get into Vietnam to set up factory for their manufacturing.
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If you want skilled workers, your best bet might be locations near major cities right from the start, like Hanoi, or HCMC. It's very hard to lure skilled workers back to small towns, judging from my relatives' inclinations. You will have to offer high wage and good benefit and EVEN THEN it might not be enough.

Around here, HCMC people really like it and promote the South all the time. but I want to offer you an alternative. Go north

The difference of the South and North, more often than not, is attitude. The south is more commercialized in comparation, expand first then worry about product later. While the north is opposite, building a good product first before going commercialized, an artisan's attitude.
That's why it's not easy to expand in the north, as people is quite cautious, compared to the freewheeling behaviours of the south.
If you need skilled workers, the concentration of universities, vocation colleges in Hanoi will be quite attractive.

Second point, operating in Hanoi mean it's shorter to China, comparatively speaking.

Third point, tourisms. If the south is beach, the north is moutain. you will have more fun to explore cave, and peaks, if that's your likes. if you like eco-cultural tours, the north also offer more of that.

This is disturbing:

http://english.vietnamnet.vn/fms/busine … ppear.html

That's about a 42% failure rate for business in Vietnam. However, the positive side is that is about a 58% success rate for Viet Nam compared to a 50% failure/50% success rate here in the USA.

So Viet Nam is actually a better place to start a business than the USA:)

http://www.washingtonpost.com/blogs/fac … ul-claims/

nobettertimethannow wrote:

This is disturbing:

http://english.vietnamnet.vn/fms/busine … ppear.html

That's about a 42% failure rate for business in Vietnam. However, the positive side is that is about a 58% success rate for Viet Nam compared to a 50% failure/50% success rate here in the USA.

So Viet Nam is actually a better place to start a business than the USA:)

http://www.washingtonpost.com/blogs/fac … ul-claims/

That seems about right. The smaller the company, so bigger the risk of early obvious failure. Larger corporations just have more opportunities like adding business lines to compensate for other losses or even to hide their failures.


The Nha Trang labour market is for sure big enough to get a number of skilled workers. This surely will also depend on the planned products