Answer:

1. The approach shall consist of a thorough market and financial analysis of the region, as well as the form of business that makes an investment that is worthy of its investment.

2. Information and evidence -

•  Vietnam has been instrumental in signing bilateral trade agreements with countries all over the world in recent years. Furthermore, as a member of the Association of Southeast Asian Nations (ASEAN), Vietnam has been a party to several free trade agreements (FTAs) signed by the regional trade bloc. .  The tax climate in Vietnam is one of the most favorable for business creation.
• Vietnam has one of the fastest internet connections in the world. Vietnam is quick to adopt new technology and is creative. Vietnam's 4G networks ranked 36th out of 100 economies in terms of coverage, with Vietnamese users having access to 4G networks 87.9 percent of the time, higher than Laos (86.2 percent), Malaysia (84.4 percent), Brunei (83.1 percent), and the Philippines (81.5 percent), according to the survey.
•  It is a highly urbanely industrialized nation with excellent infrastructure and "green" towns. Agriculture, food, and timber are the most developed industries in the some area. The food industry employs almost twice as many people as the national average. Even in small towns, you can find all the facilities and organizations you need for a stable life: police, fire stations, hospitals, and schools. Clean air in the area. 
• Vietnam is situated in the heart of ASEAN and has one of Southeast Asia's most promising economies. Vietnam's borders with the Pacific Ocean, the Gulf of Thailand, Laos, Cambodia, and China provide favorable conditions for foreign shipping and trade. Surprisingly, most investors see the Vietnamese market as one of the biggest winners of the "giant" China's change in supply chains.
• Vietnam is close to southern China's manufacturing center, which is one of the world's largest economies and most influential trading hubs. Because of this proximity, Vietnam has become an appealing investment location for foreign investors looking for ways to not only enter the Vietnamese market but also directly access supply chains from China.
• According to estimates, Vietnam's GDP has risen gradually in recent years, rising from 6.2 percent in 2016 to 7.02 percent in 2019. (Source: The World Bank). With such a rapid expansion rate, Vietnam has emerged as one of Asia's fastest-growing economies. In 2019, Vietnam's inflation rate stayed steady at 2.79 percent, a strong result for stabilizing consumer prices compared to its target level of 4 percent year on year. From a concentrated to a market-oriented economy, the country's buying power is now focused on over 97 million people, placing it fifteenth in the world.
• .A well-educated workforce - the population has a record of educational standard. Higher or secondary education is held by 92 percent of the working-age population Vietnam has a young population and a potential workforce. Surprisingly, the country's average wage rate is much lower than that of neighboring countries such as China. According to Statista, manufacturing labor costs per hour in China could rise to US$6.5 by 2020, whereas they are only about US$3 in Vietnam.

references 

Why doing business in Vietnam: Benefits vs challenges. (2020, November 25). BBCIncorp. https://bbcincorp.com/resources/why-doing-business-in-vietnam