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Why sourcing in Vietnam ?

Vietnam is one of South-East Asia's fastest growing economies. Its young labor pool is one of many important factors that appeal to foreign companies. WTO membership should induce more FDI in Vietnam and create more job opportunities. Vietnam is major source cluster in Asia and also a source for your industrial needs now. Vietnam local and international investment activity is also markedly increasing. Its opportunities are numerous: huge market size, high growth rates, lower labor costs, fast speed of change, highly skilled labors, fast adoption rate, great acceptance of worldwide products .

VIETNAM QUICK FACTS

  • Area: 329,560 sq km.
  • Inhabitants: 87 million.
  • Currency: Vietnamese Dong (VND).
  • Languages: Vietnamese, English.
  • Main exports: As well as Textiles, Garments and Oil, Vietnam is the world #1 exporter of Rubber, #2 of Rice, #3 of Coffee and #5 of Seafood.
  • Population: 86,116,560 ( Jul.2008 est)
  • Population growth rate: 0.99 % (2008 est)
  • GDP ( purchasing power parity): $221.1 billion ( 2007 est)
  • GDP-real growth rate: 8.5%
  • GDP per capital: $ 2,600
  • Industrial production growth rate: 10.6 %
  • Capital: Ha Noi
  • Largest city: SaiGon ( Ho Chi Minh city)
  • Major ports: Ho Chi Minh, HaiPhong, Da Nang
  • Business language: Vietnamese, English, French
  • Currency: VND (Vietnamese Dong).