About Vietnam

The New Manufacturing Hub

Vietnam, a country with favorable economic outlook, with steadily increasing GDP up to 6.8% for 2017 and where inflation is under control (3,5% in 2017), is an upcoming pearl still unknown for many investors. While most investments in the past took place in the south of the country, the majority of new investments are now going to the North (Haiphong area) due to the new infrastructure and large tax incentives offered by the government.

deepc manufacturing hub en

Quick facts

  • Capital: Hanoi
  • Bordered with China, Laos, Cambodia
  • Population: 92 million (2016), average age: 29
  • Currency: Vietnamese Dong
  • GDP per capita (2017): 2,306 USD

 

Strategic location

  • Center of South East Asia (ASEAN)
  • 3.1 billion people within 3500 km (3-4 days shipping)
  • Along the main shipping route Singapore – Hong Kong
  • Domestic market of >90 million people

 

High Economic Growth

Second fastest growing country in GDP per capita since 1990

VN GDP 2017

 

Global Economic Integration

  • Lower to none trade barrier via 15 signed Free trade agreements
  • Still negotiating more FTA’s
  • Connected to countries representing 66.52% of the world GDP
  • Easy access to 4.1 bio people

FTAs

 

Improved Infrastructure

  • Continuous improvement
  • 23,000km of highway
  • 21 airports (11 international)
  • 39 seaports over 3,440km coast line, with 3 major deep sea ports of 14m draft and over

 

Competitive Production Cost

  • Tax exemption and reduction for 15 years
  • Energy supply at competitive cost

Tax rate 2018 WTO copy       Production cost 2018

 

Competitive Human resource

  • Young and abundant labour force
  • 55 million people within working age
  • Well educated and hard working
  • High technological awareness

Labour productivity 2018  Worker wage 2017