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Vietnam

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 Vietnam
Map of Vietnam

Country Facts

Nominal GDP191.38 Billion USD
Population93.45 Million
Total Trade/GDP180.64%
CurrencyVietnamese Dong (VND)
Merchandise Imports from Canada656.60 Million CAD
Canadian direct investment-127 Million CAD
Main importsMachinery & Equipment, Petroleum, Textiles, Metals

EDC in Vietnam

Canadian companies assisted92
International buyers insured154
Business volume202.93 Million CAD

Business Environment

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.
 

Key Industries

  • Aerospace
  • 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.

 

Related Information

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