Vietnam’s vibrant trading environment, growing economy, modern airports, and well-connected transportation network including several international ports such as Ho Chi Minh City and Hai Phong, make it an ideal location for growth within the Group.
In recent years, many global businesses have turned to Vietnam for sourcing goods and manufacturing due to lower labour costs, a favourable investment climate, and trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). These initiatives have improved market access, reduced tariffs for Vietnamese products and led to substantial growth in Vietnam’s manufacturing sector and subsequent export volumes.
Capitalising on the growth within the region, Santova recently opened branches in Hanoi and Ho Chi Minh City which serve as the Groups gateway to Southeast Asia. We look forward to better servicing clients, agents and partners globally.