If you are looking forward to starting a business in Vietnam, then you must be glad to know that the country attracts and welcomes a great number of investors to start up their business.
According to Forbes, the population of Vietnam is young and its political system is stable. The country is committed to a sustainable growth, the inflation in Vietnam is also relatively lower, the currency is stable, the FDI inflows are strong, and the manufacturing sector is strong as well.
Moreover, Vietnam is committed to an ongoing economic integration globally. Here are sixteen profitable small business opportunities in Vietnam you shouldn’t miss.
16 Lucrative Business Opportunities in Vietnam
1. Business of Restaurant & Bar
The people of Vietnam always love and appreciate amazing drinks and tasty food. Making a restaurant in Vietnam is a lucrative business idea indeed.
In one corner of the restaurant, you can also make a bar. It will increase the liveliness of the place. Moreover, more people will be attracted not just to eat food but also to have some drinks. It can be a great business opportunities in Vietnam.
2. Property Supervision Business
Vietnam has a great number of property owners. Either these property owners do not have the ability to give attention to the properties’ details or they simply do not have any interest in it.
These kinds of people appreciate property supervisors and they hire them happily. They do not mind to pay them even a heavy salary for handling the matters of their property.
3. Becoming a Perfume Producer
The business of perfumes in Vietnam is very lucrative. You just need to have a good taste of scents. People having a desire of experimenting with different scented oils go a way beyond in this type of business.
For standing out in the market, it is important to create the blends of fragrances that are unique and mesmerizing. You just need to have some trusted suppliers who supply the wholesale raw materials whenever required.
You can take a start by just making a perfume store. Later on, you can make a whole shop and launch your brand. You just need to be good in the choice of fragrances. It is one of the smart business ideas to pursue in Vietnam.
4. Starting a Bakery Business
Starting the business of making a bakery is a lucrative business in Vietnam. Moreover, it is one of the most successful ideas for starting your business.
There are many options that you can choose, for keeping various products and selling them; they include cakes, donuts, sweet rolls and a lot more. A great number of customers get attracted to these kinds of sweets and other bakery items. You just need to take care of one thing, i.e. your marketing strategies.
5. Pet Shop Business
Starting a pet shop business is one of the amazing and the most lively business opportunities in Vietnam for the year 2018-2019. The pet care has continuously been growing in the country.
The most preferred pets in the country are fish, cats, etc. There is a great trend to take care of pets and keep a look on their health and other needs.
A great number of people who keep pets and love them, never mind to spend money for their wellness, and get them packaged food that is expensive for them of course.
6. Making a Barber Shop
Haircut is something that everybody needs to be done. Therefore, starting a business of barbershop is a great way to generate revenue.
But, it is important to know the suitable location for setting up the shop. It can be a lucrative business and is one of the best businesses to do in Vietnam. If your business starts expanding, then you can hire other barbers in your shop afterward.
You May Like To Read: 6 Things to Consider When Starting a Beauty Salon Business
7. Bicycle Rental Business
Many people in Vietnam prefer to travel via bikes within the cities. Therefore, the idea of a bicycle rental business is amazing indeed.
It is preferable to setup your business near, large resort, or a hotel where a number of people come on regular basis. Lots of tourists also prefer to go to the nearby places via bikes.
You can advertise your business by giving flyers to various hotels and resorts near your business setup and sometimes making deals with them.
8. Business of Online Clothes
Having a good sense of fashion can be very beneficial for you if you want to start a business related to clothing. Initially, you can start an online business where you can take order from different individuals according to their requirements.
There is no need of a great capital for starting this business. However, you have to display some of your sample dresses and outfits, of course.
It is such a small business, which has great chances of success in Vietnam. It is one of the amazing Vietnam investment opportunities.
9. Making a Tourism Agency
Tourism is very common in Vietnam because of the beautiful sights and splendid sceneries of the country.
The monuments in the country also make it worth visiting and a major attraction for the tourists from all over the world.
The people of Vietnam are quite hospitable for the people coming from different parts of the world. Therefore, tourists love to visit Vietnam and there is a great business of tourist agencies.
10. Real Estate Business
This is another business in Vietnam, which is very lucrative. It is related to the resale of building properties. The numbers of immigrants who are coming to the country are increasing. With that, the need of this business is also expanding.
The country is opening up the economy and is bringing down the tariff barriers, as well as the non-tariff barriers, within the continent of Asia. Some other business opportunities in Vietnam are as follows:
11. Business of Used Car Dealer
12. Business of Detergents, Cosmetics, etc.
13. Furniture Making Business
14. Business of Building Material
15. Business of Textile Items
16. Agricultural Items’ Processing Business
Hope, you find these small business ideas in Vietnam useful. We will keep share more startup ideas in Vietnam. So, stay in touch 🙂
- How to Start a Small Business in Vietnam?
- 101+ New Business Ideas in Vietnam for Entrepreneurs
- How to Open a Bank Account in Vietnam?
- How to Register a Business in Vietnam?
- 23+ Best Ways To Raise Capital For Your Small