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  • Let me start with this slide, which gives the topography of Vietnam without political borders. Many of you will remember the pre-1975 maps of the two Vietnams—North and South, with a line in the middle at the Demilitarized Zone.. Now of course, there is one, united country.You’ll see in the North the green area which is the Red River delta where the capitol Hanoi is located. This area is where the Vietnamese have been growing and harvesting rice for centuries and is the area where the North Vietnamese culture was formed. Also note that the North borders China. After many wars and skirmishes, Northern Vietnam was occupied and ruled by the Chinese for a 1,000 years. Neither China nor Vietnam has forgotten this shared history to this day.Similarly, in the South, the green area is the Mekong River delta just North of which is Ho Chi Minh City, or Saigon as it is still called by many. The Mekong Delta area has been the rice growing area in the South for centuries , but in addition, Saigon has been the hub for domestic and interregional trade for centuries. Until today, HCMC remains the most vibrant trade and industrial center of Vietnam., though Hanoi and its adjacent provinces are also becoming increasingly industrialized.
  • One thing to note about Vietnam is the demographics:As this slide notes, 75% of the population was born after 1975, the date the so called “American War” ended. Today, especially amongst the young, America and Americans are popular and respected. I am told that it is very rare for an American to get anything but a warm welcome in today’s Vietnam.As far as religion goes, though only a relatively small percentage are officially counted as Buddhists, Catholics, etc., a very high percentage of Vietnamese do follow traditional family and community religious and social rituals, as a legacy of long and deep influence of China on Vietnam.For example, the Lunar New Year holidays , called “Tet” in Vietnam, is taken much more seriously in Vietnam than in most places in China. Also, based on the influence of Confucius and Mandarins, Vietnam until today is a very hierarchical society where the decisions are often made at the top.
  • Don nay

    1. 1. Vietnam--an Emerging Tiger? November 9, 2011
    2. 2. Geography• Extending 1,650 km north to south, Vietnam is only 50 km across at its narrowest point• Low, flat delta in south and north; central highlands; hilly, mountainous in far north and northwest
    3. 3. CC• Ho Chi Minh City 6 million• HANOI (capital) 2.7 million• Haiphong 1.9 million• Da Nang 807,000 (2009)
    4. 4. Population• 1 China 1.341• 2 India 1.195• 3 U.S. 311• 4 Indonesia 238• 5 Brazil 191• 6 Pakistan 175• 7 Nigeria 158• 8 Bangladesh 150• 9 Russia 142• 10 Japan 127• 11 Mexico 112• 12 Philippines 94• 13 Vietnam 90
    5. 5. The People• Age Structure: 25% 14 and under ; 75% born after 1975• Median Age: 27.8 years• Ethnic Viet 86%• Religion—Buddhist 9.3%, Catholic 6.7%, none 80.8%, but……
    6. 6. Labor Force• 46.21 million (2010 est*.)• Agriculture: 54%• Industry: 20%• Services: 26% (2009)• Country comparison to the world: 13 *CIA World Factbook 2011
    7. 7. System of Government• Communist State• Party Congress 1/11• Prime Minister Nguyen Tan DUNG (since 27 June 2006) will continue• CPV will continue with its grip on power
    8. 8. Looking toward the future • “Vietnam is one of the best- performing developing economies in the world. It is going through a far-reaching transformation from an inward- looking planned economy to one that is globalized and market-based. It has the potential to be one of the great success stories in development.” World Bank
    9. 9. Growth!• Real income has grown an average of 7.2 percent per year over the last decade• GDP per capita has gone from $189 in 1993 to $1,113 in 2010.• Vietnam’s poverty rate has fallen from 58 percent in 1993 to 10.6 percent in 2010.
    10. 10. Economic Milestones• 1986 Doi Moi reforms proclaimed• 1995 U.S. and Vietnam reestablish diplomatic relations; Vietnam joins ASEAN• 2001 Vietnam and U.S. sign BTA• 2005 PM. Phan Van Khai visits the U.S.• 2007 Vietnam becomes the 150th member of the WTO, Commerce Secretary leads trade mission to Vietnam• 2008 PM Nguyen Tan Dung visits the U.S.• 2010 Vietnam becomes full member of TPP negotiations
    11. 11. Economy• GDP—6.7% (2010)• 7-7.5% (2011-15 target)• GDP -- $102 billion (2010)• GE -- $156 billion (2009)
    12. 12. Growth vs. Inflation
    13. 13. Macroeconomic InstabilityThe GVN has favored economic growth over macrostability.• Growing inflation (12% in December 2010)• Weakening currency/ Low foreign currency reserves• SOE Reform (Vinashin)
    14. 14. State Owned EnterprisesOwnership Component of GDP about 34%!
    15. 15. Challenges• Infrastructure (ports, airports, roads, power, and HR)• Inflation• Human rights• Corruption• Red tape• Environment
    16. 16. Transparency International Rank ConfidenceCorruption PerceptionIndex 2010Singapore 1 9.3Hong Kong 13 8.4U.S. 22 7.1Taiwan 33 5.8South Korea 39 5.4Malaysia 56 4.4Thailand 78 3.5Indonesia 110 2.8Vietnam 116 2.7Philippines 134 2.4
    17. 17. Education reform may be the biggest and most important structural challenge.
    18. 18. Trading Partner• The GVN is committed to deepening its trade relations with the United States.• Engaged partner in Bilateral Investment Treaty (BIT) talks and our bilateral Trade and Investment Framework Agreement (TIFA) negotiations.• In 2010, Vietnam moved forward on its commitment to WTO obligations by implementing laws and regulations to increase compliance of local industries.
    19. 19. TPP• In November 2010, Vietnam joined the United States, Peru, Chile, Malaysia, Singapore, Brunei, New Zealand, and Australia to participate as a full member in the Trans-Pacific Economic Partnership• TPP is a high-standard, 21st century Asia-Pacific free trade agreement.
    20. 20. Best Prospects Country Commercial Guide Vietnam 2011• Power Generation, Transmission and Distribution• Telecommunications Equipment and Services• Oil and Gas Machinery and Services• Information Technology (IT) Hardware and Software• Airport, Ground Support Equipment, ATM Systems, etc.• Environmental and Pollution Control Equipment and Services• Medical Equipment• Safety and Security• Education and Training• Franchising• Plastic Materials, Equipment and Machinery• Architecture, Construction and Engineering
    21. 21. How to contact us U.S. Commercial Service Vietnam Tel: {64 4 3850-5199} Email Hanoi: Sarah.kemp@trade.govEmail HCMC:
    22. 22. Myanmar Brunei Laos Cambodia 1% 1% 2% 4% Singapore 7%Vietnam 35% Malaysia 8% Philippines 12% Thailand Indonesia 12% 18%
    23. 23. U.S. Exports to Vietnam Grow by 19% in 2010!• Vehicles: 445,968• Machinery: 368,391• Iron/Steel: 236,820• Meat: 221,340• Cotton: 171,770• Plastics: 150,012• Feed: 134,180
    24. 24. Environmental Issues• Logging and slash-and-burn agricultural• Water pollution and over fishing threaten marine life populations• Groundwater contamination• Growing urban industrialization and population migration are rapidly degrading environment in Hanoi and Ho Chi Minh City
    25. 25. Opportunities: Energy • Double-digit increases in consumption • State owned EVN monopoly • Growing potential for private sector involvement • Renewables…
    26. 26. Opportunities: Waste• Production and consumption growth• Need U.S. tech and expertise• Modernization goals for 2025 and 2050
    27. 27. Opportunities: Water• Key issue, growing challenge• USTDA grants• Measurement, monitoring, flood remediation and control• Treatment and purification, water resource management
    28. 28. Opportunities: Green Building,Architecture and Design • Crane-spotting • If it ain’t broke, knock it down • Short time horizon • Green is coming • Internationally driven
    29. 29. Summary Points on the Environment Sector• Vietnam has environmental issues, but awareness is growing• Difficult business environment, but opportunities abound
    30. 30. U.S./Vietnam Collaboration • Science and technology • Technical assistance and capacity building • Water management • Climate change • Nuclear safety • HIV/AIDS, AI, etc.
    31. 31. Financing• ODA• World Bank• Asian Development Bank• Emerging Private Sector• Ex-Im Bank and OPIC…
    32. 32. Imports from Vietnam 2009• 49.7 % APPAREL• 11.3% FURNITURE• 10.5% FOOTWEAR• Grand Total $12.3 billion