The North American market offers many opportunities for businesses, including many emerging industries.
Green Technology: The green technology market in North America is growing strongly, with the green data center market forecast to reach $94.21 billion by 2029.
Renewable Energy: North America is investing heavily in wind and solar, with US renewable energy forecast to reach 300 GW by 2024.
Healthcare: According to the PwC 2025 report, healthcare costs in North America are expected to increase by 8% for the group market and 7.5% for individuals, mainly due to inflation, increased use of prescription drugs, the emergence of new therapies, and the explosion of digital health, opening up many opportunities in this sector.
North America - a potential destination for Vietnamese entrepreneurs
To take advantage of these potentials, Mr. Shawn Olson, Vice President of Business Development at Empowered Startups, shared: "Entrepreneurs need to be well prepared and choose the right business model. Empowered Startups, with its incubation process recognized by the governments of Canada, the United States and Portugal, a global cooperation network and an intensive mentoring program, will help transform business ideas and support entrepreneurs to prepare well for life in North America, confidently adapting to the local business environment and culture."
According to experts, before entering any market, businesses need to carefully research and deeply understand the driving force behind the development of each industry, which helps to develop appropriate strategies to dominate the market.
Compliance with investment laws and regulations is a prerequisite for smooth operations in North America. Some of the important existing laws that foreign businessmen need to comply with include intellectual property (IP) protection; tax laws; antitrust laws; immigration regulations… Environmental Protection Law: Investment projects must comply with local and national environmental protection standards. Businessmen need to understand labor laws related to recruitment, labor rights and working standards to avoid violations.
When faced with challenges ranging from regulatory requirements to cultural differences, entrepreneurs can turn to organizations that understand the market. Experts will provide in-depth advice and help entrepreneurs gain the information they need to confidently enter North America.
Early stage support is a crucial deciding factor, helping entrepreneurs reduce the complexities when entering the market, especially for startups…
The founder of Apana startup said that with support from Empowered Startups, he successfully raised more than 1.4 billion VND in capital to develop a smart supply chain platform, thereby having more resources to improve the competitiveness of small and medium enterprises...
Source: https://diaoc.nld.com.vn/co-hoi-mo-rong-dau-tu-kinh-doanh-cho-doanh-nghiep-tai-bac-my-196250122134918102.htm
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