Vietnam

Seize your opportunities and open up new markets in Vietnam.

We are the bridge to your success.

Vietnam is located centrally in South-East Asia, the No. 1 emerging market.

Vietnam stretches over a 3200km coastal strip from the South Chinese Sea to the Gulf of Thailand. It was one of the transatlantic linkages in trade relations between Eastern and Southern Asia in the 17th century. The trading centers Pho Yen (near current Hanoi) and Hoi An, where traveling salesmen from present-day China, Japan, India and Europe met, portrayed certainly a small but in its variety not to be underestimated mosaic piece of the far East Indian maritime trade relations.

Since 1986, the one-party-system of Government in Vietnam is undergoing a political and economical reform process of reaffiliation to international markets. The amendments of Vietnam’s constitution in 1992 and 2002 have laid the foundations for integration into market economy structures of the global world trade system. Since the lifting of the USA trade embargo in 1994, the integration into ASEAN in 1995, and the envisaged membership of the AFTA in 2006, Vietnam’s GDP has risen continuously even during the years of the "Asian Crisis". This upturn is also reflected in the bilateral trade relations between the E.C. member countries and Vietnam. The appointment of Nong Duc Manh as General Secretary of the CPV in April 2001 is considered to be an indication for a regaining support of the interests of small and medium enterprises in the private sector and a quicker implementation of the reform of state-owned enterprises.

Since 2002 foreign investment is also promoted in power sector and telecommunication sector. Cornerstones of the economic development in Vietnam are the production of agricultural products, the textile and shoe industry, the production of oil and natural gas, assembly-line production for electronics and computer industries. The development and settlement of modern industries, especially the IT sector, is in the focus of the long-term planning of the Vietnamese economy.

Since the inauguration of the Law on Enterprises in 2000, the number of registered private enterprises has risen sharply to 60.000. Still many SME have oriented them towards the European market and are interested in business relations with European companies as suppliers as well as customers.

Seize your opportunities and open up new markets in Vietnam.

We are the bridge to your success.