Trade Guide: Vietnam

Do you know?

Vietnam (official name: the Socialist Republic of Vietnam) is the 8th most populous country in Asia, and the 13th most populous overall. More than a decade of average growth rates of roughly 7% starting in the early 2000s has made Vietnam one of the world’s premier emerging markets, although subsequent economic stumbles have tempered somewhat the early enthusiasm.

Key Sectors

Vietnam’s leading industrial sectors include:  food processing, garments, shoes, machine building, steel, cement, chemical fertilizer, glass, tires, oil, and mobile phones.  The leading agricultural sectors are:  paddy rice, coffee, rubber, tea, pepper, soybean, cashews, sugar cane, peanuts, bananas, poultry, fish, and seafood.

Agriculture accounts for roughly 19.3% of GDP, while industry accounts for 38.5% and services for 42.2%.

The US government has identified the following sectors as holding particular promise for investment or export to Vietnam:

Commercial Sectors:

  • Power Generation, Transmission and Distribution
  • Telecommunications Equipment and Services
  • Oil and Gas Machinery and Services
  • Information Technology Hardware and Software Services
  • Airport and Ground Support
  • Environmental and Pollution Control
  • Medical Equipment
  • Safety and Security 
  • Education and Training Services
  • Franchising
  • Architecture, Construction and Engineering

Agricultural Sectors

  • Cotton
  • Wheat
  • Soybeans & Soybean Meal
  • Hides and Skins
  • Corn & Corn By-Products
  • Red Meats
  • Poultry Meat
  • Fresh Fruits
  • Wine
  • Forest Products

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