• Why source from Vietnam?
  • Business guide to Vietnam
  • Vietnam’s Industrial Zones
  • Why source from Vietnam?

    Vietnam, a country with a total landmass of 329,314 sqm, is situated in southeast Asia. With its 64 cities and provinces, Vietnam is regarded as one of Asia’s major Industry Hubs.

    Hanoi, a city in the north of the country, is the capital city with a population of over 6.45 million, while Ho Chi Minh city in the south is the largest urban area, with a population of around 7.16 million. There are 54 different ethnic groups in the country. (Source: Vietnam General Statistics Office, 2010)

    Vietnam is a socialist-oriented market economy which has gone through a wide variety of changes throughout history, including industrialization and modernization of it economy and infrastructure. In recent years, the country has enjoyed a lot of multilateral economic development with other countries by building strong relations and fostering an open-door policy.

    Vietnam joined the World Trade Organization (WTO) in January 2007 and this has helped the country to promote a more competitive, export-driven economy accompanied with a wide-range of industries. In 2010, Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement.

    One of Vietnam’s strengths is the sheer diversity of its economy. Often assisted by competitive investment incentives, its export-focused manufacturing, agriculture business and fisheries sectors are continuing to develop, with an increased emphasis on high technology and value-adding.

    Vietnam is a favorite location for multinational manufacturers and processors and is a major global supplier to the agricultural and fisheries industries. The country’s government has set a goal to increase the degree of onshore processing and encourage high-tech sectors to bring inward investment.

    In 2013, the country’s export revenue accounted for US $1.322 billion, an increase of over 15% from 2012. Of this, the domestic economic sector gained US$ 43.8 billion, up by 3.5%. The FDI sector made US $88.4 billion in 2013, an increase of 22.4% from 2012.

    Vietnam mainly exports to the EU, US, Japan, China and South Korea; and the country usually imports from China, South Korea, Japan, Singapore, Thailand and the US.

    Some of Vietnam’s key export products include:

    • Textiles & Garments
    • Footwear and Leather products
    • Electronics
    • Computers
    • Wires, Cables and Conductors
    • Arts & Crafts
    • Wooden Products
    • Plastics
    • Agriculture & Fish

    Some of the reason why we should do business with Vietnam include:

    India is one of Asia’s key destinations for manufacturing. With a vast agricultural land, abundant natural resources, a burgeoning pool of skilled talent, a thriving economy and policies favoring Small to Medium Sized Enterprises (SMEs), India offers a myriad of trading opportunities for .

    India is one of Asia’s key destinations for manufacturing. With a vast agricultural land, abundant natural resources, a burgeoning pool of skilled talent, a thriving economy and policies favoring Small to Medium Sized Enterprises (SMEs), India offers a myriad of trading opportunities for .

    • Favorable geographical location
    • Young workforce
    • Emerged as an economically robust, politically stable and rapidly growing market
    • A major manufacturing hub in the ASEAN region
    • A growing consumer market
    • Provides user-friendly administrative procedures for exports and imports
    • Many organizations to promote international trade

    Some of the reason why we should do business with Vietnam include:



  • Business guide to Vietnam

    An Export-Based Economy

    Since 1986, the number of exports from Vietnam has greatly increased, with less emphasis being put on exporting commodities and more emphasis being made on adding as much value as possible onshore. It is estimated that just under 40% of the country’s exports today are in the form of commodities. Vietnam’s aim is to continue to improve the quality of its exports, to add more value onshore and to build a stronger ‘Made in Vietnam’ brand.

    A global promotional strategy is currently in development - the first of its kind that Vietnam has undertaken.

    Infrastructure and Transport

    International railways and highways connect Vietnam to China, Mongolia and Russia. Plans are under way to connect Vietnam to the Trans-Asia Railway and highway network which will make it easier to transport large amounts of cargo at inexpensive rates.

    The national road system covers more than 140,000 km. Alternatives to road transport include a rail system comprising of 3,200 km of single-track lines and a well-developed 32,000 km network of inland waterways. There are two principal inland waterway systems that serve the two key industrial areas in the north and south of the country.

    While Vietnam has 11 major seaports, including Ho Chi Minh City in the south, Hai Phong in the north and Da Nang in the center, it would be fair to observe that port capacity and facilities have not kept pace with the country’s economic growth. More container ports are needed and are planned-- a massive project is under way to reduce traffic congestion in inner Ho Chi Minh City by relocating its eight port facilities to outlying areas by 2020.

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    Low-cost labor, most of which comprises of a highly-motivated and literate workforce, has helped Vietnam become a magnet for investment in the manufacturing sector. Much of it is located in the country’s dedicated industrial zones.





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    India is one of Asia’s key destinations for manufacturing. With a vast agricultural land, abundant natural resources, a burgeoning pool of skilled talent, a thriving economy and policies favoring Small to Medium Sized Enterprises (SMEs), India offers a myriad of trading opportunities for .

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  • Vietnam’s Industrial Zones

    Vietnam introduced special administrative zones, more commonly known as Special Economic Zones (SEZs), in the early 1990s, in order to attract foreign direct investment, stimulate exports and encourage investment more evenly across the country. These industrial parks are bounded within defined geographical boundaries, in accordance with government regulations and often provide investment incentives.

    They fall into the following categories:

    • Industrial Zones: areas specializing in manufacturing industrial products and providing services for industrial manufacturing.
    • Export Processing Zones: areas specializing in the production of goods for export.
    • High-Tech Zones: recently introduced areas, specializing in conducting high-tech research, development and applications.
    • Special Economic Zones: areas where incentives can include tax holidays, reduced levels of corporate income tax, waiving of duties and taxes for plant and production inputs and preferential rates of land rental.

    Productive Sectors


    Vietnam’s growers have also been slow to adapt to the increasing demand from global consumers for crops that are organic, sustainable and have certifiable origins.


    Vietnam is one of the largest exporters of rice in the world. Rice is the country’s key agricultural commodity in terms of food security, employment and export earnings. Rice paddies cover half of all agricultural land in Vietnam and production involves nearly 80% of the country’s farm population. Principal export markets are Asia and Africa, with the Philippines its largest client.


    Vietnam has leveraged ideal climate and environmental conditions, low production costs and high yields to become the world’s second largest exporter of coffee after Brazil. It mainly produces the Robusta variety and exports around 95% of its production. The largest destination markets are Belgium and Germany.


    Rubber production is another key sub-sector. Although roughly half Vietnam’s exports are taken by China, it still supplies to around 40 countries in total. Exports may be worth some US $1.4 billion annually, but there is significant potential to develop this sector, with plans in place to upgrade outdated technology in order to add additional value onshore.

    Fruit & Vegetables

    Significant exported fruits include pineapple, banana, mango, lychee, watermelon, longan, dragon fruit and rambutan. Exported vegetables include baby cucumbers, potatoes, onions, tomatoes, beans, cauliflowers and chilies. Exports are mostly in processed form, especially canned but also dried and frozen.

    Spices & Nuts

    Vietnam also has a 5% world market share of the global spice market including being the largest exporter of black pepper in the world. Vietnam is also the world’s largest exporter of cashews, accounting for about 25% of the global market.

    Forest Products

    Vietnam’s timber output is about 3 million cubic meters per year. It is home to some 1,500 wood processing enterprises, located mainly in Ho Chi Minh City, Binh Duong and Dong Nai Provinces, and its wood products generate some US $2.4 billion annually.


    Vietnam’s fisheries sector is vital to the country’s economy for several reasons. First, it is estimated that the average Vietnamese derives close to half their protein intake from this source. Second, the sector is a major employer, especially of women (who constitute the main workforce in Vietnam’s 300-plus processing plants), with ten percent of the population estimated to depend on the industry.

    Massive Coastline

    This level of production places Vietnam among the top ten exporters of fish products worldwide. The country benefits from a long 3,300km coastline, with huge tidal areas and vast areas of fresh and brackish water suitable for aquaculture.

    Production is undertaken by offshore, coastal and fresh water fisheries, as well as by aquaculture. Marine products include fish, shrimp, as well as octopus, squid and molluscs. Shrimp accounts for close to half total export revenues, with frozen fish contributing about 20%.

    Regulations on Export-Import

    - For commodities exported and imported under the license, the business owners who want to export or import need the license from the Ministry of Industry and Trade.

    - Exported and imported goods must comply with regulations on health examination of fauna, flora and food security. Specialist management agencies must test on standards and quality before customs’ clearance (Ministry of Agriculture and Rural Development, Ministry of Health, Ministry of Science and Technology).

    - For goods excluded from the above mentioned cases and for goods excluded from the list of commodities banned from export and import and temporary suspension of export, business owners only have to perform customs’ clearance at border customs.

    Source: Business Advantage Vietnam & a Publication from Vietnam Trade Promotion Agency – Ministry of Industry and Trade of Vietnam

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