VIETNAM DISTRIBUTION

1. Strategic Location: Strategic destination for manufacturing and China +1, located along shipping and transport routes, bordering South China, and centered along East Asia.

2. Growing Economy: Strong economic GDP growth including continuing annual GDP growth, consistently outperforming its global and regional peers.

3. Stable Government: Relatively stable government with a solid economic vision, fair policy control, low investment barriers, and strong incentives schemes relative to similar markets.

4. Ease of Doing Business: Fair and improving ease of doing business rankings for foreign investors.

5. Large, young labor force: Labor force of nearly 60 million workers which is growing by 1 million workers annually;

6. Industrial Zones: Well-developed Economic Zones, Industrial Parks, Business Districts, and Residential Centers.

7.  Strong FDI Environment: A strong FDI environment: US$19.7 billion in 2021 projects disbursed; US$31.2 billion including paid in capital.

8. Growing Consumer Spending: Population exceeding 95 million, a rapidly expanding middle class and growing services sector which exceeds 40% of GDP.

9. Network of FTA's: Signatory of more than 18 Free Trade Agreements, giving trade advantages through countries in APAC, ASEAN, Europe and elsewhere globally.

10. Integration with Legal Frameworks: WTO member and signatory of most major worldwide Intellectual Property Protection conventions, protocols and agreements.