Vietnam offers many advantages to Dutch businesses: a giant internal market with more than 95 million inhabitants, a strong expected economic growth of around 6.5 percent, a young and brand aware population, low wage rates, a fast growing middle class, political stability, an abundance of natural resources and a fantastic geographic location. The country provides opportunities in sectors such as smart cities, energy and agriculture. Lastly, the Netherlands is the largest investor in Vietnam amongst its European members, due to Vietnam being one of its focus countries.
Much like Malaysia, the Vietnamese government aims to stimulate sustainable energy, most notably wind energy. Therefore, Dutch developers, financial specialists and technical advisors are very much welcome. Moreover, Vietnam experiences many challenges when it comes to water management and wastewater treatment, fields in which Dutch businesses excel.
In June 2019, the Free Trade Agreement and the Investment Protection Agreement between the European Commission and the Government of the Socialist Republic of Viet Nam was signed. Thus, the Vietnamese economy promises long-term opportunities, since nearly all tariffs (over 99%) will be eliminated.
Would you like to discover the chances for your company or organisation in the Malaysian or Vietnamese market? With a tailor-made research and 30 years of experience, IBR would like to help you to investigate the possibilities for your organisation in Malaysia and Vietnam.