Vietnam has one of the fastest-growing, most vibrant economies in Asia. Over the past ten years, economic growth has been second only to China and GDP has been doubling every ten years since 1986.
Vietnam joined the World Trade Organisation in 2007 and GDP growth in the four year period since has averaged 6.5%.
The UK/Vietnam relationship is strong – bilateral trade increased by over 26% in 2011, with UK exports of goods and services to Vietnam reaching £520m. Registered UK investments in Vietnam exceeded £1.6bn at the end of 2011.
There are considerable opportunities in the following sectors:
- Power generating machinery and equipment
- General industrial machinery and equipment
- Medical and Pharmaceutical products
- Professional and scientific instruments
- Infrastructure (power, transport, telecoms)
- Services (banking, legal, accountancy)
- Telecoms
- Retail
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