Vietnam attracts entrepreneurs looking for startup opportunities

According to HSBC, Vietnam is an attractive destination for entrepreneurs looking for opportunities to start new business projects.

A survey of foreign experts recently released by HSBC Bank shows that foreign experts rate Vietnam 21st in the economic rankings, but 5th in terms of foreign experts' ability to save.

The majority of foreign experts said that compared to their home country, they have a more comfortable life in Vietnam as they can spend less on housing costs (62%), transportation (73%), clothing (68%), necessities (62%), essential services such as electricity, water, telephone (70%) and bills (77%).

51% of foreign experts believe that their work is better served in Vietnam than at home. (Illustration: KT)

They are also more likely to save more (68%) when living in Vietnam. Half of expats (51%) also say their jobs are better fulfilled in Vietnam than at home.

Up to 62% of expats said that in Vietnam they can afford to hire a maid or babysitter, which they could not do in their home country, and can enjoy luxury vacations (52%), compared to only 28% and 36% of expats globally. The majority of expats in Vietnam enjoy immersing themselves in the local culture, enjoying and cooking Vietnamese dishes.

Kris Werner, Head of Retail Banking and Wealth Management at HSBC, said: “Vietnam is a fast-growing and dynamic business environment. It is an attractive destination for entrepreneurs looking to start new ventures. As an emerging market, Vietnam also offers foreign professionals a wide range of challenges and career development opportunities.

With significant attractions in terms of tourism, culture and people, Vietnam also offers foreign experts great experiences along with the comfort of integrating and settling in this country. Financial stability and management is one of the biggest challenges for foreign experts in other countries, in Vietnam, 31% said that their finances have become more complicated since moving here.

Therefore, foreign experts can enjoy their life in their new home in the best way when this factor is ensured.”

According to this ranking, Singapore is considered the best destination in all aspects for foreign experts. Foreign experts in the Middle East receive the best benefits, and Sweden is the best place for them and their children to live.

The majority of expats living in the world's financial centers of Singapore, Dubai, Hong Kong or London agree that these are great places to start a business (87%, 86%, 85% and 85%).

High levels of confidence in the host country's economy is another reason why these economic hubs are so popular with entrepreneurs: 78% of expats in Singapore and 60% in Hong Kong have high confidence in the economies in these regions.

The opportunity to expand skills is another reason why expat entrepreneurs live and work in one of these cities: 64% of professionals in London have learned new skills since moving there./.

According to VOV.VN