Vietnam is a country with many benefits for Dutch companies. Vietnam has a big internal market with almost hundred million inhabitants, strong economic growth of about six percent per year in the past five years, a young and brand-aware population, low wages, a rapidly growing middle class, political stability, an abundance of natural resources and a fantastic geographic location. The country offers opportunities in several sectors, such as smart cities, energy and agriculture. Finally, the Netherlands is the largest European investor in Vietnam, due to the fact that Vietnam is one of its focus countries.
The Vietnamese government strives to stimulate renewable energy, especially wind energy. That is why Dutch developers, technical advisers and financial specialists are very welcome. In addition, Vietnam experiences many challenges with regard to water management and wastewater treatment. This also creates many opportunities for Dutch companies.
In June 2019, the Free Trade Agreement and the Investment Protection Agreement between the European Commission and Vietnam were signed. This means that almost all tariffs (more than 99%) will be eliminated, making Vietnam a very attractive country.
Would you like to pick up on the success of Vietnam and see where opportunities lie for your company or organization? With tailor-made research and over 30 years of experience, IBR would like to map out the possibilities within Vietnam with you.