Why are U.S MNCs so interested in going to Vietnam? How much potential does the country offer?

Question

Why are U.S MNCs so interested in going to Vietnam? How much potential does the country offer?

Answer 1

Vietnam is the 2nd fastest economy after China, about 8% GDP growth this year. With its' 85mil population and average median age of 25 years old, there's so much potential for all forms of products and services. However, one will still need to take note of the corruption practices, bureacratic procedures and mentality level of the business operation mode to be successful.