Vietnam continues to be an attractive manufacturing hub for labour intensive and less capital intensive industries. While inadequate infrastructure, bureaucracy and the country's dependence on State Owned Enterprises (SOEs) and corruption can pose challenges for foreign investors, Vietnam provides ample opportunity for Canadian companies in several sectors due to favorable demographics and a growing middle class. Prior to entering the market, companies should be prepared to invest the necessary time and resources needed to develop strong on the ground relationships. It is advised that Canadian exporters appoint a local representative to act as an importer/distributor for direct exports.
- Construction & Infrastructure
- Consumer Goods
- Medical Technology & Devices
- Oil and Gas
How we can support your business
Through our representation in Singapore, we provide regional support to Canadian companies planning on or currently doing business in Viet Nam. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.
- We are well positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
Consult our interactive Country Risk Quarterly report.