Big Opportunities in Vietnam for American Enterprise

Big Opportunities in Vietnam for American Enterprise


It's no secret that I've been bullish on Vietnam from the day I first landed there in 2011.  The dynamic entrepreneurship and booming economy I found in this Communist nation bore zero resemblence to the dismal failure of the "Communist" economy of Cuba, where I was born.  While Cuba remains locked in poverty and a failed econonic state, Vietnam's economy - impressive as it was when I first saw it first hand 8 years ago - continues to blossom impressively.  Here's why:

  • Vietnamese are passionate entrepreneurs and innovation is inherent in the country's business culture.
  • Top Vietnam business leaders and goverment have a pragmatic and healthy world-view; for a long time, Vietnam has gradually drawn U.S. manufacturing demand away from China. 
  • They are in it for the long game; when Trump trashed the TPP, leading Vietnam companies and its government pressed forward with direct outreach to U.S. enterprise, not wanting to lose momentum.
  • Today, as China's economy slows dramatically and U.S. trade threats hammer at its manufacturing base, Vietnam is proactively - and permanently - repositioning itself as U.S. industries' preferred "Go To" manufacturing.
  • To keep up with the demand, Vietnam is closely working with forward-looking Chinese companies reading the market signs and transferring production hubs to areas in North Vietnam near China.

Since last spring, LatourLaw's teams in Saigon, Miami, and Washington, D.C. have been proactively working with both Vietnam commercial and trade offices as well as U.S. businesses looking to redirect current Chinese business toward Vietnam.  Later in 2019, LatourLaw will be looking forward to taking a Miami-based trade delegation to Ho Chi Minh for a Joint Venture "Meet and Greet".  Our objective is to forge a Florida business presence in Vietnam while inviting more Vietnamese entrepreneurs into South Florida; working with partners, we will be leading events and meetings in Washington and other places to educated U.S. businesses on why making the move to Vietnam is in their interest.

This is exciting stuff and I have a lot more to tell you moving forward, but check out this great feature piece on National Public Radio explaining why Vietnam is the SMART new manufacturing choice for U.S. enterprise:

U.S.-China Trade War Boosts Vietnamese City's Economy

Jose Latour

Do you have questions?
HOTLINE: 786-866-9775


Pre-Immigration Tax Planning Via Offshore Trusts

Jul 22, 2019

LatourLaw Family Offices 5 Part Series Explaining Pre-Immigration Tax Planning, Options, and Strategies Part 1: The Importance of Pre-Immigration Tax Planning [IMPORTANT NOTE: The subject of global ta...

8/19 Visa Bulletin Projects Longer Vietnam Delays…But Don’t Panic!

Jul 17, 2019

Okay, my Vietnamese (and Indian) friends and investors, take a deep breath and let me explain why the new August Visa Bulletin is neither surprising…nor as horrible as it looks.  YES, it is...


Jul 03, 2019

The final rule on EB-5 reform is about to be published and the day of the $500,000 EB-5 will be over.



US Office:

4500 Biscayne Boulevard, PH-N
Miami, Florida 33137

Hotline: (786) 866-9775
Fax: (305) 675-6195


Vietnam Office:

A: 6th Floor, Sai Gon Tower,
29 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

Hotline: 0938.61.30.62
Phone: +84 28 7303 2168


© 2019 LatourLaw. All rights reserved.

All the information contained on this website is subject to US and International Copyright laws.

Reproduction and distribution without prior written permission is strictly prohibited. Protection Status