Doing Business In Viet Nam
Social Environment4.1 Education
Vietnamese are most well-educated, with a literacy rate of over 90%. As for university and college training alone, there are in total about 140 universities and colleges throughout the country, attracting nearly million students each academic year.
Although having not a State school for foreigners in Vietnam, foreign diplomatic and economic institutions have set up schools for their staff's children. Recently, expatriates in Hanoi can enroll their children aged 4 to 15 years old at the United Nations International School, meantime the same in HCMC can join the International Grammar School.
The quality and availability of international hotels has increased dramatically in recent years in Vietnam. Five and four-star international hotels are well abundant in Hanoi and HCMC. Besides, mini hotels are plentiful, easy to find and very cheap in comparison with the said first-tier hotels. For recent years, the current supply has been outstripping the demand.
In addition to hotels, housing space is now easy to find in big urban areas, especially Hanoi and HCMC. Many high-class and international standard residential buildings are now open for rent, with much lower prices compared to few years ago. Local standard housing space is also abundant, mainly from individual landlords, with cheaper prices. The former are often preferred by individual foreigners.
4.3 International and Local Travel
International flights are daily available from Hanoi and HCMC. Vietnam Airlines and other foreign airlines have booking offices in both cities. Local flights are also daily busy from Hanoi to HCMC and vice versa. For local travel, Vietnam Airlines and Pacific Airlines are the two players. Both airlines now use French or American made aircrafts. The ticket rates for foreigners are still being double in comparison with the same for Vietnamese.
By land travel, buses and trains are very common for local transportation of passengers around towns/cities and for inter-province trips including from Hanoi to HCMC and vice versa. For a few years, metered-radio taxis are available in the major cities and at Noi Bai (Hanoi) and Tan Son Nhat (HCMC) airports. Car hire is relatively cheap and for shorter journeys cyclos (pedal driven transport) can be hired.
4.4 Media and Communications
The international communications system (telephone, telefax and telex) has been upgraded so as to respond the increasing market demand. Also, electronic communications are quite common in Vietnam, especially in urban and industrial areas.
English-language newspapers are well available in Vietnam at present. The Vietnam News Agency publishes daily the English-language Vietnam News newspaper. In addition, there are a number of local newspapers and magazines in English language being published in Vietnam, which include the weekly Vietnam Investment Review newspaper, the weekly Vietnam Economic News Magazine, the monthly Vietnam Economic Times Magazine, etc. A number of other business magazines, published in neighboring countries, are also available.
The official Voice and Television of Vietnam broadcast news in English and other widely-used language, for instance, French. TV and Radio programs broadcast by foreign stations such as BCC, TV5, etc. are also available.
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