Australia is a highly competitive investment market in the Asia-Pacific region, with many advantages that attract investment such as an open economy, low inflation and interest rates, a reliable and hardworking labor force, and low industrial dispute rates.
Workers in Australia are able to use multiple languages, are highly trained and skilled, can use new technical tools, and operate in a legal environment that is open and efficient. With a relatively large domestic market and strong links to the Asia-Pacific region, Australia offers a compelling investment opportunity for Vietnamese entrepreneurs.
Potential of the Australian Market
The Australian market attracts many foreign investors due to its undeniable potential. So, what are these potentials?
- Economy: Australia is considered one of the world’s wealthiest countries with industries in resource exports, energy, education, tourism, and finance. The average income and minimum wage are significantly higher than neighboring countries, and the poverty rate is very low. As a country with a prosperous market economy following the Western model, Australia’s economy has been growing stronger than expected for 3 years from 2014 to 2016.
- Climate: Australia has both tropical and temperate climates with four seasons and stable temperatures, creating a peaceful and harmonious lifestyle.
- Culture – Politics – Society: Australia is the choice of many immigrants because of its diversity. Therefore, there is no racial discrimination, and the people are very friendly.
- Social welfare: In Australia, social welfare policies such as unemployment benefits, welfare for the poor, students, people with disabilities, healthcare, and maternity benefits are available to both native and immigrant citizens and are highly valued.
- Education: Australia has a world-class education system, especially in research. The country’s educational institutions are highly ranked globally, with many schools in the top 100 best schools in the world. Australia is known for leading the number and quality of English language courses for foreign students.
Melbourne University
The advantages of investing in Australia
Australia is a vast country with a population of just over 24 million, which means that Australia has an open migration policy. Therefore, visa procedures are processed quickly and easily, attracting many foreigners to settle, invest, and study.
The Australian passport is ranked among the top 10 most powerful passports in the world. With an Australian passport, you can travel to 169 countries without a visa. In addition, Australia allows dual citizenship, so you can hold both Vietnamese and Australian citizenship. Therefore, when investing in this country, you can easily travel between countries, creating favorable conditions for your business.
Investment policies in Australia are clear and transparent, and must go through relevant procedures according to regulations. However, investors who meet the requirements will receive business support and connections.
Australia’s entrepreneur immigration program encourages successful entrepreneurs to settle and develop their businesses in the country. The program allows entrepreneurs and their family members to live, work, and study in Australia and have the opportunity to become permanent residents (if they meet the requirements).
The geographical proximity is also an advantage, with only an 8-9 hour flight from Vietnam to Australia and a time difference of only 2-4 hours (depending on the season) between Australia and Vietnam. This provides favorable conditions for Australian entrepreneurs and investors to operate and do business in Vietnam more easily than in other countries such as the United States and Canada.
To learn more about the policies and conditions for investing and settling in Australia as an entrepreneur, please contact us or schedule a consultation .
Contact Info:
- Bluewise Group | Bluewise Business Advisory | Bluewise Migration Advisory
- Head Office: Liberty Plaza – Level 1, 28/256 Chapel Rd Bankstown NSW
- HCM Branch: 339/10A Le Van Sy, Ward 13, District 3, Ho Chi Minh City
- Hotline: AU 0450 895 589 – VN 1800 599 932
- Email: bw@bluewisegroup.com.au