Exports and FDI inflows have helped Vietnam exceed growth expectations in recent years; and growth is expected to remain in the six per cent range in 2017. With privitization of state-owned enterprises (SOEs) gaining traction, the investment climate may experience another boost. Although macroeconomic factors and Vietnam's dependence SOEs can pose challenges for potential foreign investors, the Vietnamese economy provides ample opportunities 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
- 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.