Vietnam - Export Development Canada (EDC)
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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 GDP201.42 Billion USD
Population94.444 Million
Total Trade/GDP169.86%
CurrencyVietnamese Dong (VND)
Merchandise Imports from Canada528.04 Million CAD
Canadian direct investment-69 Million CAD
Main importsMachinery, Equipment & Tools, Electronics, Computers & Related Parts, Telephones & Mobile Phones, Fabrics

EDC in Vietnam

Canadian companies assisted96
International buyers insured334
Business volume220.07 Million CAD

Business Environment

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.
 

Key Industries

  • Aerospace
  • 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.

 

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