Viet nam why now
Download
1 / 25

Viet Nam – Why now? - PowerPoint PPT Presentation


  • 181 Views
  • Uploaded on

Viet Nam – Why now?. Commercial Section Embassy of Viet Nam in Italy. Contents. Overview of Viet Nam economy Bilateral economic and trade links Favourable environment for investors. Overview of Viet Nam economy. Viet Nam at a glance. Geography Centre of Southeast Asia

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Viet Nam – Why now?' - mason-cook


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Viet nam why now

Viet Nam – Why now?

Commercial Section

Embassy of Viet Nam in Italy


Contents
Contents

  • Overview of Viet Nam economy

  • Bilateral economic and trade links

  • Favourable environment for investors



Viet nam at a glance
Viet Nam at a glance

Geography

  • Centre of Southeast Asia

  • Area: 331,698 sq. km

  • Coastline: 3,260 km

Society

  • Population: 85 mil.

  • Labor force: 45 mil.

  • Unemployment rate: 2%

  • Literacy rate: >90%


Viet nam economy i
Viet Nam economy /i

  • Substantial progress was achieved from 1986

  • GDP growth averaged 7-8% per year even against the background of global recession.

    • Particularly, the growth of 2007 was 8.4%

  • Membership in ASEAN, ASEM, APEC

  • Joined WTO since 2007

“Every 10 years, Viet Nam has built another economy.”


Viet nam economy ii
Viet Nam economy /ii

  • Investment (gross fixed): 32.6 % of GDP (2006)

  • Inflation rate (consumer prices): 7.5% (2006)

  • GDP: $222 billion

  • GDP per capita: $1,000

  • GDP - composition by sector:

    • agriculture: 19.4%

    • industry: 42.3%

    • services: 38.3%


Infrastructure
Infrastructure

  • Highways: 86,327km

  • Railways: 3,219 km

  • International airports: 3

  • International seaports: 11

  • 139 industrial zones with area of 29,392 ha

  • 8 economic zones with area of 323,940 ha

  • Electricity output: 53.8 billion kWh


Fdi flow in viet nam 1986 2006
FDI flow in Viet Nam 1986-2006

US$ mil.

10,200

4,100


Trade
Trade

  • Exports: $49 billion (2007)

  • Annual growth 20%

  • Main exports: crude oil, marine products, rice, garments, footwears, furniture, coffee, rubber, tea, electronics …

  • Trading partners: US, EU, Japan, China, Singapore, Korea, Chinese Taipei, ...


Trade1
Trade

  • Imports: $62 billion (2007)

  • Main imports: machinery and equipment, petroleum products, fertilizer, steel products, raw cotton, grain, vehicles…



Trade with italy
Trade with Italy

  • Export from Vietnam to Italy

    • 695 million euro (13.8% growth)

    • Main export items: foot wears, marine products, coffee bean, garments, furniture, electronics, natural rubber, tourist items, plastic items, cashew nuts…

  • Import from Italy to Vietnam

    • 515 million euro (70.7% growth)

    • Mechanical and electrical machinery, vehicles, leather…


Investment from italy to viet nam
Investment from Italy to Viet Nam

  • Top investors in Viet Nam

    • Chinese Taipei, Korea, Singapore, Japan, US

  • Italy has 21 projects in effect, registered capital: US$55.7 million, in which:

    • Heavy industries: 17 projects, US$40 mil.

    • Services: 3 projects, US$2.2 mil.

    • Agriculture: 1 project, US$13.5 mil.


Investment from italy to viet nam1
Investment from Italy to Viet Nam

  • Forms of investment:

    • 100% foreign-invested company: 13 projects

    • Joint venture: 7 projects

    • BCC: 1 project

    • Latest project: Piaggio

  • Be present in 12 provinces (Binh Duong, Quang Nam, Ha Noi, Vinh Phuc, …)

  • Seeking opportunities in energy, environment, infrastructure, metallurgy, telecoms, education, transportation, etc.



Why to invest in viet nam
Why to invest in Viet Nam?

  • Socio-political stability

  • Continuous economic growth

  • Abundant human resources

    • High level of literacy, IT-savvy

    • Labourious, hard-working

    • New generation of corporate leaders

  • Low cost of materials and inputs

    • Electricity, water, telecoms, air freight


Why to invest in viet nam1
Why to invest in Viet Nam?

  • Trade regime becomes more open and transparent following WTO entrance

  • Favorable FDI policies

    • Simplification of investment procedures

    • Compliance with international practices

  • Convenient for outsource and processing industries

    • Located at the heart of Southeast Asia

    • Easily reachable by air, sea or land

    • Enjoy preferential tariffs by FTAs


Wto concessions on goods
WTO concessions on goods

  • Bound rates for 10,600 tariff lines reduced from 17.4% to 13.4% phased over 5-7 years since 2007.

  • Largest reduction applied to garment & textile, aquatic products, wood & paper, manufacturing, electrical and electronic machinery & equipment.

  • Join Free Agreements by sector for IT, garment & textile, medical equipment, airplane equipment, chemical, construction machine.


Wto commitments on services
WTO commitments on services

  • Open in 11 out of 12 service sectors (or 110 out of 115 sub-sectors)

    • trade, post & telecommunications, construction, health, distribution, education, insurance, tourism, environment, banking & finance, entertainment, transport etc.


Effects of wto on investment
Effects of WTO on investment

  • TRIMS: Investors shall NOT be forced to undertake any of the following requirements:

    • Localization

    • Export or import ratio

    • Giving preferences to purchase domestic goods and services

    • Achieving a certain ratio in R&D

    • Selling goods and services at a certain location

  • Duties reduction promotes trade in goods and services between Vietnam and regional countries


Preferential sectors
Preferential sectors

  • New material, high-tech products, bio-technology, information technology and mechanical manufacturing

  • Agricultural, forestry and aquaculture

  • Labor intensive industries

  • Development of infrastructure facilities and important industrial large-scale projects

  • Education, training, health, sports, culture

  • Development of traditional crafts and industries


Izs epzs ezs
IZs, EPZs, EZs

  • 139 IZs and EPZs and 8 Economic Zones

  • In 2006, 356 projects with registered capital of US$4.4 billion

  • Favourable incentives

  • One-stop administrative procedures

  • Better infrastructure facilities

  • Custom services included


What can be done with us
What can be done with us?

  • Provide general and specific info about Viet Nam

    • Database of laws and regulations

  • Assist in applying for RO, branch and investment licenses

  • Advise on doing business in Viet Nam

  • Help in seeking an appropriate trading or investment partner

  • Support dispute mediation

  • Facilitate visa processing


Conclusion

“In the WTO, when people work hard, things happen - and Viet Nam is a good example of that.”

Pascal Lamy

Conclusion


How to reach us
How to reach us? Viet Nam is a good example of that.”


ad