VIETNAM – A STRATEGIC LOCATION FOR GROWTH
In Asean, Vietnam has:
The third (3rd) largest population, over 90 millions inhabitants:
Rapid and attractive international trade privileges:
Economic indicators: % YoY growth (2017F)
Strategic location: proximity to East Asia
SOCIALIST REPUBLIC OF VIETNAM
CAPITAL: HA NOI
AREA: 332,698 km2
POPULATION: nearly 95.3 million (2017), ranked as the 14th largest in the world.
GOVERNMENT: Single Party System by the Vietnamese Communist Party
AVERAGE AGE: 30.8
NUMBER OF ETHNICS: 54
CURRENCY: Vietnamese Dong (VND) 1US$ = VND22,745 (December 2017)
GDP per capita: US$2,400 (est. 2017)
GDP value: US$224.6 billion (est. 2017)
DOING BUSINESS IN VIETNAM
Vietnam – Facts & Figures
1 South Korea : US$7 billion
2 Japan : US$2.58 billion
3 Singapore : US$2.41 billion
4 China : US$1.88 billion
5 Taiwan : US$1.86 billion
VIETNAM IN AEC AND INTERNATIONAL
Vietnam, not only with her key competitivenesses such as:
… but also with her global trade integration with 56 economies and economic groups in the world including WTO, ASEAN, ASEAN-Australia-New Zealand, the EU, The Eurasian Economic Union, Japan and the Republic of Korea (South Korea), those help Vietnam strengthen her competitiveness in terms of the global economic integration and create an intensive attraction to foreign investors and local enterprises to get ease at doing business in Vietnam.
Moreover, Vietnam has signed the Trans-Pacific Partnership (TPP) and will enhance the free trade between ASEAN and the Regional Comprehensive Economic Partnership.
The global economic integration has boosted the development for Vietnam, improved the production capability and capacity, fostered the economic reforming and restructuring, and especially help to attract more foreign direct investment upon to her business cooperation with related countries in the economic groups.
Furthermore, the global economic integration helps Vietnam to achieve advanced technology and managerial skills in every aspect of industry and economy as well as the society. Engaging in the regional value chains and manufacturing networks, shifting from processing and manufacturing with advanced technology will help Vietnam to increase more added values for the investors
With positive and serious resolutions and improvement to gain weight in international standards, economic indicators and regional economic ranking, it helps Vietnam to bold and profound a higher profile, to highlight the brand awareness and generate the advantages in the development in general, in international trade negotiation and attarcting more and more foreign investments.
VIETNAM IN ASEAN ECONOMIC COMMUNITY – AEC
What is AEC and how it influences in Vietnam and what will be the risks and opportunties for Vietnam when being a member in AEC?
What is AEC?
Why AEC established?
With the cooperation and integration of 10 economies in South East Asia, according to the ASEAN leaders, AEC Blueprint 2025 has been adopted, consisting of five characteristics:
1. Creating the highly integrated, united and cohesive market economy including:
2. Making an ASEAN dynamic, innovative, and competitive, contains of:
3. Enhancing the connectivity and sectoral cooperation
4. Making a resilient, inclusive, people-oriented, and people-centred ASEAN, including:
5. And a global ASEAN.
So far, AEC has engaged in the following main agreements such as:
Deeper integration into the AEC in the coming period will bring both new opportunities and chanllenges for Vietnam.
Four Pillars of The AEC:
VIETNAM in FTA with: