There are some conditions for foreigners to open a Vietnamese bank account. 

• Pay Attention:

Even if a foreigner deposits his/her assets into a Vietnamese personal bank account, the interest cannot be remitted to Japan! 

• Good news:

• However, the money earned from investments can be sent back to Japan!
• On the basis of signing EPA / FTA between Japan and Vietnam

From July 2015, Japanese can invest in real estate in Vietnam 

• You can do investment business by leasing and reselling as individual owners (profits can be remitted to Japan)

• EPA-FTA what?

It is an agreement promoting the liberalization and facilitation of trade and investment with the aim of strengthening a wide range of economic relations.

FTA：Agreements aimed at reducing or eliminating tariffs on goods and barriers to trade in services between specific countries and regions

EPA：In addition to trade liberalization, investment, migration, intellectual property protection and rule-making in competition policy,

The agreement aims to strengthen a wide range of economic relations, including elements of cooperation in the fields

Vietnam’s economic growth rate is 40 years behind Japan’s

What does Vietnam need to learn from Japan’s high growth period for Vietnam’s growth in the 2020s?

It can be said that before the war, Vietnam’s economy was far behind developed countries. However, after the war, Vietnam announced its goal of becoming an economically developed country under the “Vietnam Renewal Policy.”

Simply put, Vietnam actively accepts policies of cooperation with developed countries and accepts foreign capital. This is still happening in Vietnam.

The goal of becoming a modern high-tech country, advanced technology equipments (IT, IOT, AI) has become so familiar in Vietnam.

Since Vietnam is a socialist country, decision making and change of direction is very quick.

The analysis of national policies and practices can also learn from the successful and failed experiences of earlier developed Asian countries, and can guide Vietnam’s policy.

Japan is a typical country that is raised as a historical model for Vietnam.

We continuously analyze the relationship between prices (inflation), real estate (bubbles) and population (domestic demand, tax collection, labor force).

You can learn and analyze the positives and negatives (the essence of the economy) from countries in countries with developed economies.

We analyze and refer to the economic history and trends of Japan from 1955 to 1973, South Korea from 1982 to 1995 and China from 1982 to 2011.

Vietnam maintains positive economic growth through strong corona prevention measures.

John Hawksworth (PwC Chief Economist)

Announced “The World in 2050” The shift of economic power from developed countries to emerging countries continues for a long time

About the world’s top 32 economies, accounting for 85% of the world’s GDP as of 2017

Long-term forecast of GDP growth potential to 2050

The focus will certainly be on emerging markets. By 2050, the economies of Indonesia and Mexico are expected to surpass those of Japan, Germany, the United Kingdom and France. On the other hand, Turkey has the potential to surpass Italy.

In terms of growth rates, Vietnam, India and Bangladesh have the potential to grow at an average annual rate of about 5% by 2050, becoming the fastest growing countries.

The growth of many emerging economies is supported by rapid population growth, growing domestic demand and an abundant working population.

To sustain this growth, first invest in education and improve the macroeconomic fundamentals (economic growth rate, inflation rate, fiscal balance) and provide enough jobs for the growing young population. Must be guaranteed”