Economic development (past)2007 2008 2009 2010 2011 2012GDP growth (%) 8,5 6,2 5,1 6,8 5,9 5,0Inflation 8,3 23 6,9 9,2 18,6 9,22• 2010: Achieved status as “middle income country”Source: GSO VN, ADB & BMI
Economic Development (forecast)• Policy: “Develop the economy in a fast and sustainable mannerwith target to become a modern-oriented industrialized countryby 2020”.
World Bank/IFC – Doing Business 2013Vietnam Norway China IndiaEase of doingbusiness99 6 91 132Starting up abusiness108 43 151 173EnforcingContracts44 4 19 184Source: World Bank/IFC•184 Countries ranked
China plus oneOpportunities for VietnamPhoto: Kjell Arne Nielsen/Innovation Norway
4.1 Vietsovpetro Vietnam – Russian Joint venture (50%-50%) Current under construction projects:o Diving vessel built in Singaporeo Fast crew vessel built in Song Thu shipyard(delivered)o Accommodation barge built in Dung QuatShipyard.o Jack up built in PV shipyard New building plan: a semi submersible and 02 AHTS,12,000 HP.40
4.2 PTSC Monopoly suppliers of offshore vessel to oil and gasoperators in Vietnam. Has an ambitious plan of having 25 more offshore servicevessel by 2025. Looking for short-term chartering of offshore servicevessel. In need of upgrading old fleet of offshore service vessels.41
New building activities concentrates in the Center and inthe South of Vietnam. Vung Tau area is the most important offshore maritimecluster. Norwegian suppliers need strong presents in Vietnam inorder to work with local customers. Innovation Norway Hanoi is available for help43
44IN Hanoi team• Ole Henaes• Tran Hai Anh• Le Tien Hai• Dang Phuong Lien• Do Anh Tuan• Kim Do Quyen