Vietnam has been one of the fastest-growing economies in Asia with a 5.3% GDP growth in the period 1986 to 2010. In the years 2000 to 2010 the GDP per head has grown at a CAGR of 11.3% per annum.
A steady economic growth is forecast for the country with the government’s measures to boost foreign investment, however inflation and trade imbalances continue to be key issues. As part of its growth strategy Vietnam is accelerating its structural shift from an agricultural to an industrialized economy. Growth has been relatively balanced between the industrial and services sector. Foreign investment has mainly been from Asia with Western investment lagging and since 2010 there has been a significant rebound in FDI inflow. Foreign investors include Mitsui, Idemitsu, Samsung, Intel, Canon, Nokia, San Miguel, Unilever and Nestle amongst others.
SAI has developed a complimentary executive briefing on Vietnam, covering an overview of the agriculture, food and beverage, chemicals, textiles, electronics and construction industries.