LEAPS AND BOUNDS CONSULTING
Vision To Create An Authenticate Gateway Of Investment into Vietnam
About Vietnam Vietnam is at the crossroads of the Pacific Ocean and the Indian Ocean. With an approx. area of 330,967 sq.km, Vietnam is roughly the size of Italy or Mexico. The country's population is estimated to be 98 million as of 2019 making it 15th most populous country in the world. Vietnam shares its land borders with China, Laos, Cambodia and maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia and Malaysia through the South China Sea. Its capital city is Hanoi, and its most populous city is Ho Chi Minh City, also known by its former name of Saigon. Just 34 years ago, Vietnam was one of the poorest nations in the world and suffered a lot during the 20 year long war, which ended in 1975. By the 1980s, the per capita GDP was $ 200-300 and the country's GDP was around USD 19 billion. The communist party of Vietnam had introduced an economic reform “Đổi Mới” (Renew/Renovation) in 1986 with the objective to create a Socialist oriented market economy and since then the country has never looked back. Vietnam’s burgeoning economy has a plethora of opportunities, and the country’s robust manufacturing sector is compelling for companies to exit China and set up base in Vietnam.
Vietnam Economic Data India-Vietnam Trade/Investments Both Governments working to facilitate trade & Investment and also marked 42nd bilateral anniversary in 2020 Direct flights by Viet jet & Indigo which connect India’s New Delhi & Kolkata with Vietnam’s Hanoi & Ho Chi Minh City Vietnam is 15th export destination and 19th import destination for India Vietnam has a trade surplus of approx. USD 1.2 billion in 2020- 2021
Indian Investments in Vietnam India is 26th biggest investment partner of Vietnam in 2020 India’s investment in Vietnam are estimated at USD 1.9 billion, including investments routed through third countries India has 294 valid projects with total invested capital of USD 898.65 million in 2020 Key Indian Companies In Vietnam Tata Energy Tata Coffee Bank Of India Godrej HCL Technologies Marico Tech Mahindra
Vietnam is one of the most open economies in the world, with a conducive environment for investment. There is huge potential for co- operation between India and Vietnam, especially in sectors such as pharmaceuticals, manufacturing of automobile parts and information technology\" Mr. Pham Sanh Chau- Ambassador Of Vietnam To India Why Vietnam Ideal Proximity To Other Markets like ASEAN Stable Government provide conducive environment to do business Abundant human resources with high literacy rate. Approx. 95% of the population are literate Offers massive middle-class population which open a potential market for any consumer business Vietnam is an open economy for trade and signed 14 FTAs (Free trade agreement) and also recently signed RCEP with other Asian 14 nations
About Leaps and Bounds Consulting Leaps and Bounds Consulting (L&B) is a new market advisory firm that was formed in Jan 2018 and based out of Ho Chi Minh City, Vietnam. L&B offers One Stop Solution under an Ecosystem for the investors who are keen to invest into a flourishing economy like Vietnam. Founder Profile Leaps and Bounds Consulting was formed by Mr. Vishwas Saraswat an Indian who moved to Vietnam in Nov 2017 from Singapore. Vishwas is an MBA graduate from Narsee Monjee Institute of Management studies Mumbai and worked with various corporates in India, Dubai and Singapore. Vishwas is also one of the board of the governor of Indian Business Chamber, Vietnam (INCHAM) since Jan 2019. http://linkedin.com/in/vishwassaraswat (Linkedin Profile)
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