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Viet Nam

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Viet Nam
Map of Viet Nam

Country Facts

Nominal GDP172.80 Billion USD
Population89.63 Million
Total Trade/GDP160.36%
CurrencyVietnamese Dong (VND)
Merchandise Imports from Canada431.78 Million CAD
Main importsMachinery & Equipment, Petroleum, Textiles, Metals

EDC in Viet Nam

Canadian companies assisted89
International buyers insured216
Business volume178.87 Million CAD

Business Environment

Vietnam is evolving from a centrally planned economy to one that is more market driven. Consequently, trade between Canada and Vietnam has tripled in the past five years. Although macroeconomic factors and Vietnam's dependence on State Owned Enterprises (SOEs) can pose challenges for potential foreign investors, the Vietnamese economy provides ample opportunities for Canadian companies in all sectors due to favorable demographics and a growing middle class. Developing and improving power supply, especially in urban and industrial areas, is currently a major priority of the government. 

Key Industries

  • Aerospace
  • Agriculture
  • Environmental Infrastructure & Waste Water
  • Forestry (Lumber, Pulp & Paper)
  • 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.
 

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