20150904 Vietnam Overview
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Transcript of 20150904 Vietnam Overview
www.innovasjonnorge.no
Vietnam – Fast Growing Country
Speaker: Tran Hai Anh (MSc., MBA) Innovation Norway
Content
1. Vietnam Overview
2. Overview of Industries
Vietnam Overview
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Fast Growing and Dynamic Nation
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Mainland Area: 331.690 km2 Political regime: Socialist Republic of Vietnam
The Communist party is leading party. Population: 90.5 million Labor force: 50.137 million Currency: DONG (VND)
1US$ = 22,340 VND 1 NOK= 2,655 VND)
GDP growth rate: 6.0% (2014) 6.2% (forecasted 2015)
National special cities: Hanoi - the capital Hochiminh city – the center of business and finance
National cities: Hai Phong, Da Nang, Can Tho Labor cost Minimum salary for workers in Hanoi USD 145/month
Minimum salary for workers in Hochiminh city USD 149/month
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.
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.).
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
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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.
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.
To-Do List for Investors
Local law firm can help with legal issues. Local consultant can help with relevant report. Land are expensive.
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Overview of Industry
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Diversified Mineral Resources
Moderated Metallurgy Sector
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.
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.
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.
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/
Thank you for your attention.
Futher Contact: Tran Hai Anh Senior Market Innovation Norway Hanoi Email: [email protected] Cell phone: +84903463318
www.innovasjonnorge.no
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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