Vietnam

Vietnam has rapidly become one of the world’s most attractive destinations for foreign investment, particularly in manufacturing. Following China’s economic boom, many companies have shifted their focus to Vietnam due to its lower labor costs and the government’s incentives for foreign investors. These incentives include tax breaks, easier land acquisition, and reduced bureaucratic hurdles for establishing factories, making Vietnam an increasingly competitive player in global supply chains.

My visit to Vietnam gave me a firsthand look at both its economic transformation and its distinct culture. One of the first things I noticed was the intense heat—being near the equator, Vietnam’s tropical climate makes for a sweltering experience, especially during the summer months.

Another memorable aspect was dealing with the local currency. The Vietnamese đồng (VND) has such high denominations that restaurant menus often list dishes costing tens of thousands of đồng, which only amounts to a few U.S. dollars. Exchanging $200 instantly turned me into a multi-millionaire in Vietnamese currency, which was both amusing and surreal.

One of the most iconic sights in Vietnam is the sheer number of motorbikes. At every traffic light, large groups of motorbikes gather, filling the streets in a way that is uniquely Southeast Asian. Many locals wear traditional nón lá, the distinctive conical hats made of bamboo, possibly to shield themselves from the relentless sun.

Since my primary purpose in Vietnam was related to work, I spent most of my time in industrial zones, particularly in Hanoi, where many factories are located. The roads and buildings in these areas were relatively new and well-maintained. However, one unexpected observation was the poor condition of the highways. The uneven road surfaces naturally prevented vehicles from exceeding speed limits, making it nearly impossible to break the law by speeding.

Although I have only visited Hanoi multiple times, I am eager to explore Ho Chi Minh City in the future. While Hanoi serves as Vietnam’s political and cultural capital, Ho Chi Minh City is its economic powerhouse, known for its vibrant business environment and modern skyline. Experiencing both cities would provide a more complete understanding of Vietnam’s incredible growth and cultural richness.

Vietnam is a fascinating country where rapid industrialization meets deep-rooted traditions. My experience left me with a sense of admiration for its resilience and progress, and I look forward to returning to discover more of what this dynamic nation has to offer.