Vietnam business costs among Asia’s lowest: TMX study

Vietam has among the lowest costs of doing business in its neighbourhood, with only Cambodia and Myanmar being cheaper, business transformation consultancy TMX has said in a report.

“The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia” says Vietnam has average operating costs of $79,280-209,087 a month.

Its average warehouse rental is the fourth lowest at $5 per square metre per month behind only Thailand, Myanmar and Cambodia.

This trend is expected to continue since the country is seeing a lot of warehouse construction.

In the report, experts also assess Vietnam as having the “highest potential” in the region due to the government’s strong commitment to reducing tariffs and tax regulations, and the country’s free trade agreements designed to support investors.

The country has a sizeable and affordable labour pool, and is the fourth…