VIETNAM ECONOMY

A PROSPEROUS
PERSPECTIVE

“An economic boom is accompanied by remarkable

success in getting rid of poverty and raising life
expectancy”
The Economist
From 1975 to 1986 – A stormy night before
“Reform”
 Reunified in 1975,
Vietnam had a
centralized economy
severely damaged by
the long war.
 Vietnam was isolated
with global economy.
 Vietnam had insufficient
food provision and relied
heavily on importation.
 Doi Moi – The Reform
Vietnam has…
f or
w n
 Shifted to market-oriented economy since
1986.
d a
w
 Welcomed foreign friends with Open-door

e
policy.
n m !
A tna
 Begun to export rice since 1987.
 Changed the mindset of local society.

i e
 Since then, private and public sectors have

Vgrown together.
 1986 – 1999: The awakening
Tiger
Expansion of Private
sectors

The 2nd largest rice

exporter
8% annual GDP growth rate from 1990 to
1997

1995 - Establishment of a diplomatic bond

and normalization of the relation with
the US.
1997 – Amazing persistence over Asian
Financial Crisis
1999 - Business Law was approved.
2000-2006 – Impressively
Booming

Vietnam - a hot spot for everyone

The world's second-fastest growing economy

It’s HOT because…

 High and stable
o s e
h o
s c
t o r
e s
i n v m
y t n a
w h i e
a t V
Th
 As Furthermore…
shown by…

We’re proud to be a conducive destination for …

And a lot more…

 And theNot
meaningful
only that…milestone
is…
In November 7, 2006…

Vietnam becomes WTO

member
Vietnam is ranked the 9th most attractive country for
FDI in Asia and Oceania
 Toward a promising
prosperity....

The The Gold

competen Rush for
Briliant Golden
t man Minds Rush
High-tech
power players

The
challenging
roll to WTO
Fresh
Place

The strategic location with plenty of resources

 As the evidence of human-centered
economy…
“There are many things that we have to
consider before making this decision. Labor “In Viet Nam the ratio of average
quality is the most important. It includes income growth to poverty
the starting-point and quality of education reduction is approximately 1:1.”
and the gap between the young.” UNDP
Craig R Barrett, Intel President
on reasons for Intel’s 600m investment in Vietnam
 With an 84-million population…
Vietnam - A seductive retail market…

Ranked 8th most globally potential

country for domestic consumption…

Source: AT Kearney
6
th
And Vietnam has
TEXTILE
largest supplier in TOURISM

surprised the world

the US market The safest place
in the world
IT
Highly valued in

with… software
development and
IT processing
(Lehman Brothers
Report)
AQUACULTURE
AGRICULTURE
-Export to 80 countries
The 2nd largest global
-Major supplier to the US, rice exporter
 Above all, Vietnam has…
A potential market with attractive
labor force and rich natural resources
 Stable and safe yet promising
investment environment
 Leaders’ desire to change
 Improving infrastructure
 Ideal location for trading, commerce,
tourism and cultural exchange
 “Economically speaking,
Vietnam is the star of South-
East Asia”
Ayumi Konishi
Country Director
Asian Development Bank