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Trends in the Vietnamese IT industry & Practical and Cultural Aspects of Sales and Sourcing in Vietnam

In 2020 Vietnam’s growth rate hit a high of 7% making it one of the top growth economies in the region and in the world. Vietnam’s macro-economic and socio-political stability, increasing purchasing power of the 95-milion population, strong IT sector as well as the EU-Vietnam free trade agreement that recently came into force made Vietnam an attractive market for foreign Start-ups, SMEs and investors. Beyond this, Vietnam has emerged as a regional tech start-up hub in Southeast Asia with investments worth approximately US$815 million that provides Start-ups with many opportunities for business development there.

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