Announcement: Consultation Desk for Companies Entering Vietnam

RSQUARE Vietnam: Your Strategic Partner for Entering Vietnam’s Industrial Market

Drawing on more than 300,000 real data records and deep real estate expertise, RSQUARE Vietnam is a total industrial solutions company that supports the entire process: site selection → company establishment → company establishment and financing → construction and interior fit-out → asset operation and management.

Vietnam’s Investment Environment and Global Trends

As of 2024, Korea’s cumulative investment in Vietnam stands at approximately USD 90 billion across more than 9,000 projects, making Korea the second-largest foreign investor in Vietnam. As manufacturers in semiconductors, automotive, IT, and consumer goods diversify their production bases, investment is surging, centered on the North (Hanoi, Bac Ninh) and the South (Ho Chi Minh City, Binh Duong, Long An).

• 16 FTAs in force: Multilateral agreements such as RCEP, CPTPP, and EVFTA strengthen export competitiveness.
• A key pillar of supply chain realignment: Emerging as an alternative production base to China following the US–China technology conflict.
• EU CBAM (Carbon Border Adjustment Mechanism): Growing demand for ESG-compliant and eco-friendly industrial parks.
• IRA (Inflation Reduction Act): EV and battery component companies are expanding production in Vietnam.
• Accelerating smart factory transition: Growing investment in IIoT, cloud, and data centers.

Built on a stable political environment, a skilled workforce, and solid infrastructure, Vietnam is growing into the “center of Asia’s manufacturing belt.”

Why Korean Companies Should Choose Vietnam

In terms of working hours, labor costs, tax incentives, ESG infrastructure, and more, Vietnam offers greater cost efficiency and institutional flexibility than Korea.

1. Korea vs. Vietnam Comparison

• Average monthly labor cost: Korea USD 3,200–3,800 / Vietnam USD 350–450
• Statutory working hours: Korea 40 hours per week / Vietnam 48 hours per week
• Overtime limit: Korea 12 hours per month / Vietnam 40 hours per month
• Statutory public holidays: Korea 17 days / Vietnam 11 days
• Social insurance contribution rate: Korea 24% / Vietnam 21.5%
• Corporate income tax rate: Korea 22–25% / Vietnam 20% (10% for certain industries)

2. Vietnam’s Advantages in Labor Law and Working Conditions

1. Working-hour flexibility: 48 hours per week (six-day week), with few restrictions on shift work and night work.
2. Simple labor union structure: Low negotiation costs and high autonomy in HR management.
3. Fewer holidays and leave days: Minimizes the risk of production stoppages.
4. Low social insurance burden: Eases the burden on companies and strengthens local labor cost competitiveness.

In conclusion, Vietnam is the best investment destination in Asia, simultaneously satisfying “production efficiency + institutional flexibility + global accessibility.”

RSQUARE Consultation Desk Information

Service Process

1. Preliminary assessment: Feasibility review of entering Vietnam (from the perspectives of permits and budget).
2. Location proposal: Comparison of industrial parks in the North, South, and Central regions.
3. On-site due diligence: Simultaneous matching of meetings with industrial park developers, banks, law firms, and logistics companies.
4. Company establishment and licensing support: Integrated management of documents, schedules, and risk maps.
5. Factory design and construction (EPC/PM): Support with contractor selection or direct construction.

RSQUARE’s Differentiated Value

• End-to-end 1:1 management system: Dedicated support from planning through post-completion operations.
• Data-driven decision-making: Consulting based on our database of offices, industrial parks, and ready-built factories.
• 230+ accident-free brokerage transactions: Every cumulative project completed without incident.
• Local network: A complete collaboration framework with real estate developers, financial institutions, law firms, construction companies, and logistics companies.
• One-stop execution from planning your entry into Vietnam to coordination on the ground in Vietnam.

Frequently Asked Questions (FAQ)