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While micro-communities of business enthusiasts are popping up all over the country and in particular in Da Nang, Hai Phong and Dong Thap, the main startup hubs are still centered around the capital city of Hanoi in northern Vietnam, and Ho Chi Minh City (HCM) in the south.
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Over decades, Vietnam has emerged as a favored destination among foreign firms looking to invest in many sectors. Since Vietnam offers a lot of potential for foreign investors, especially for those who are looking to venture into Southeast Asia. According to World Bank, Vietnam has moved from being one of the world’s poorest nations into a lower middle-income country over the past three decades. Here are some facts updated in 2019 proving why Vietnam has become more of an attractive destination for investment....