1. www.innovasjonnorge.no
Vietnam – Fast Growing Country
Speaker: Tran Hai Anh (MSc., MBA)
Innovation Norway

2. Content
1. Vietnam Overview
2. Overview of Industries

3. Vietnam Overview
www.innovasjonnorge.no

4. Fast Growing and Dynamic Nation
www.innovasjonnorge.no
MainlandArea: 331.690km2
Politicalregime: SocialistRepublicofVietnam
TheCommunistpartyisleadingparty.
Population: 90.5million
Laborforce: 50.137million
Currency: DONG(VND)
1US$=22,340VND
1NOK=2,655VND)
GDPgrowthrate: 6.0%(2014)
6.2%(forecasted2015)
Nationalspecialcities: Hanoi-thecapital
Hochiminhcity–thecenterofbusinessandfinance
Nationalcities: HaiPhong,DaNang,CanTho
Laborcost MinimumsalaryforworkersinHanoiUSD145/month
MinimumsalaryforworkersinHochiminhcityUSD149/month

5. Powerful Agriculture Nation
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 1st world pepper exporter.
 1st world catfish exporter.
 2nd world coffee exporter.
 2nd world rice exporter.
 2nd world cashew exporter.
 2nd world cassava exporter.
 5th world tee exporter.

6. Powerful Manufacturing Nation
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 3rd world footwear and handbag
exporter.
 5th world garment exporter.
 6th world furniture exporter.
 10th world electronic device exporter
(78% growing rate p.a.).

7. 1995
2002
ASEAN – China
2006
ASEAN – South Korea
2008
ASEAN – Japan
2009
Vietnam – Japan FTA
Vietnam –Australia/NZ
ASEAN – India
2010
Vietnam starts TTP negotiation
2011
Vietnam – Chile
2015
Vietnam – EU FTA
Vietnam – Korea FTA
Basically finishes
TTP Negotiation
Vietnam – EFTA
TTP
2016
FTAs and Favorable Taxes
www.innovasjonnorge.no
 EU eliminates 85.6 percent of tariff lines, equivalent to 70.3% of Vietnamese
export value to the EU.
 Vietnam eliminate tax for 50% pharmaceutical products, 100% of food and
textile, 50% of chemical products imported from EU.
 More tax exemptions after 03, 05 and 07 years.

8. Simplified Investment Certificate Process
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 Direct Investment: Foreign Direct Investment; Joint Venture; M&A; Contractual
Forms; Representative Office; foreign constructor; and Branch.
 Indirect Investment: via stock market.
 Form of Enterprises: Ltc, JS, Partnership, and Corporation Group.

9. To-Do List for Investors
 Local law firm can help with legal issues.
 Local consultant can help with relevant report.
 Land are expensive.
www.innovasjonnorge.no

10. Overview of Industry
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11. Diversified Mineral Resources

12. Moderated Metallurgy Sector

13. Low Local Content in Automobile Sector
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 Dominated by FDI firms.
 5%-10% local content for cars and 95%
of local contents for motorbikes.
 Week supporting industry.
 Under pressure of reduce cost.
 Need more efforts for Quality Control.

14. Imported foods for Domestic Consumption
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 11.4 % forecasted growing rate within 2014-2018.
 Main import suppliers: China, Australia/New Zealand, Argentina, EU and USA.

15. Agriculture Waste To Money
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 Rice husk to energy
 Rice husk’s ash to silica-fume.
 Rice husk to fire-proof paints.
 Coconut shell to substrates for
horticulture.
 Catfish’s skill to collagen.
 Wood chip to productive
steam.

16. Construction Material Import and Export
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 Export artificial stones to
EU/USA/Australia and import silicon
powder for making artificial stone
 Import timber and high-end ceramic
interior.
 Import Natural Stones.
 Import high-end paints.
 Exporting Cement.
Photo: http://vicostone.com/our-product/vicostone-
quartz-surfaces/

17. Thank you for your attention.
Futher Contact:
Tran Hai Anh
Senior Market Innovation Norway Hanoi
Email: Tranh@innovationnorway.no
Cell phone: +84903463318
www.innovasjonnorge.no

18. References
• http://vietnamembassy-usa.org/basic-page/
• DFDL Vietnam Investment Guidelines 204
• http://www.mutrap.org.vn/
• http://evbn.org/
• www.vcci.com.vn
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