Vietnam Economic Opportunity Edwin Setiawan Tjie Vice Chairman Kadin CLMV
Agenda Promising Profitable Governmental Q&A Why Vietnam Economy Industries Support
“The developing economy is benefiting from trade liberalization and its increasingly competitive position as a production base” -WSJ June 18, 2019 Population: Avg GDP 96 Million 7% Stable Political Why Vietnam? Climate
Hanoi and Ho Chi Minh top the list for the highest GDP growth
Promising Economy
Source: VNE
Source: VNE
Vietnam’s market landscape Source: VNE
Inflation rates have decreased over the years Source: VNE
Profitable Industries
Vietnam is the largest producer of black pepper and also the 2 nd largest producer in coffee and 3 rd in rubber. Source: VNE
Textile and Garments have the highest performance Industries Performance Textile & 30.4B(2018 Garments +16.6%) Footwear $10.3B (9/2019) +10% Electric & 15.7% $22.14B Electronic Products Rice +0.03% 4.54Mton 2019 $1.8B 1 st qtr Seafood 2019 tgt $10B Rubber +9.7% ($246M) 2019 Coffee -20%($2.03B v 2018)
With a trade surplus, Vietnam imports $24.1B from ASEAN countries and largely exports to the US and EU Surplus = 5.88B (1-9/2019) 4.85B(1-9/2018) = +21% (9bln) Source: VNE
Governmental Support
An Increase in foreign manufacturers establishing their production bases in Vietnam • Supporting industries/suppliers need to be created to ensure operational efficiency • Extending Tax incentives for supporting industries in: 1. Mechanical Engineering 2. Apparel & Footwear 3. Electronic 4. IT 5. Auto Assembly • Tax exemptions for importation of machinery, equipment etc. for production for the industries
As of 2010 Vietnam established diplomatic relations with 178 countries Independence • Vietnam's current foreign policy: International Relations Co-operation Openness & Development Projects Diversification
Q&A
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