Transcript Viet Nam - Foreign Trade

VIETNAM-CZECH
COOPERATION
POTENTIAL & OPPORTUNITIES
Prague, June 15th 2015
Vietnam Commercial Office in CZ
1. Overview on Vietnam
2. Foreign trade
and investment performance
3. What attracts investors to Viet Nam?
4. Examples:
+ 2015 Exhibition-Trade Fair;
+ Projects attracted
5. Contact address
2
Viet Nam at a glance
Centre of Southeast Asia
Land area: 331,698 sq. km
Coastline: 3,260 km
Population: ~ 90 million
Labor force: > 55 million
Percentage in GDP:
39% industry, 18% agriculture, 43% service&trade
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Vietnam’s economic profile
Period 2004-2014
 GDP growth rate between 5.2-6.2% per annum
 2014: GDP growth rate 5.98%
Forecast 2015: GDP growth rate 6.0 to 6.1% (by WB, 4.2015)
Shift of economic structure toward market scheme
WTO accession in 2007
Negotiating EU&Vietnam FTA, be signed this years;
EurAsian Economic Union&Vietnam: signed 29/5/2015
Viet Nam is one of the 15 most attractive economies for
investors in such aspects:
 The speed of market development
 Penetration of the regional market
 Skilled/cheap labor and investment incentives
 Infrastructure’s improving
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(by UNCTAD: United Nations Conference on Trade and Development)
Foreign trade performance in 2014
Exports: US$ 150 billion ( increased
13.6% in comparison to 2013)
(Seafood, Garment and textiles,
Shoes and bags, Wood furniture, Oil,
Rice, Coffee, Spares& Equipment,
Mobile phones, Computers&spares,
Top 1 to 5 in export: pepper, coffee, rice, seafood …)
Imports: US$ 148 billion ( increased
12.1% in comparison to 2013)
(Animal feeds, Benzin, Plastic material,
Fabrics, Textile-woven, Steel, Machinery,
Computer&Electronics, Tools and
accessories, Mobiles& accessories, Consumer's products …)
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Signed agreements
between Vietnam and Czech
Bilateral Economic Cooperation Agreement signed 09/2005 ;
Protocol on Inheriting Some Previous Agreements signed
between Vietnam and Czechoslovakia;
Agreement on Avoid Double Taxation;
Agreement on the Promotion and Protection of Investment,
Air Transport Agreement ...
- In Czech Export Strategy 2012-2020: Vietnam is 1 of 12
countries of key markets, priority in trade
Vietnam-Czech trade and investment 2014:
Total import-export revenue VN-CZ : 652 million USD
(Czech’s export: 85 mill., Czech’s import: 567 mill.)
Czech has 36 projects in VN ( registered capital > 85
million USD)
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6
Vietnam-Czech Joint Commission
for Economic Cooperation
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USD
Year
VN-CZ EXPORT-IMPORT TURNOVER
GROWTH
700
600
500
400
300
200
100
0
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Series1
5.2015 STATE VISIT
PRESIDENT OF VIETNAM TO CZECH REPUBLIC
Meeting of Vietnam President with Czech President,
Czech Prime-Minister, Leaders of Parliament, Ministers
Both sides emphasis: strengthening cooperation, for
example in economical sectors: energy, engineering, glass
production, etc.; simplifying administrative procedures,
supporting enterprises etc.
Vietnam-Czech Business Forum 11.5.2015: supplying
updated information , connecting enterprises/potential
partners together
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What attracts investors to Viet Nam?
Socio-political stability
Continuous economic growth
 Huge market for consumption
Abundant human resources
 Young labor with high literacy, IT-savvy
 Labourious, hard-working, skilled
 New generation of corporate leaders
Low cost of materials and inputs
 Electricity, water, telecoms, air freight, leasing price
Convenient for outsource and processing industries
 Located at the heart of Southeast Asia
 Enjoy preferential tariffs by FTAs
 Potential in near-future sea economy
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Some contents from investment law
and policy in Vietnam
In general, Viet Nam’s and Czech Republic’s
economies are complementary each-other
VIETNAM ENCOURAGES/ATTRACTS INVESTORS
IN FOLOWING SECTORS:
The production of new materials, energy from renewable
sources; manufacture products using high technology
(high-tech), biotechnology, information technology;
advanced engineering ;
Animal husbandry and plant cultivation, processing of
agricultural, forestry and aquatic products; salt
production;
The application of high technology (high-tech),
modern/advanced technology; protect the environment;
research, the development of high-tech
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CONT.
Projects to labor-intensive
Building and expansion of infrastructure ( examp.
transport infrastructure, including metro, highways,
railway, locomotives …, communication infrastructure …)
Expansion of education, health, physical education and
sport
Applying modern/advanced technology for sector of
traditional crafts
Some other sectors (energy, environmental protection,
bio-technology and machineries for agriculture, fishery,
food processing, health care ( including hospitals and
medical equipments), basic chemical industry, paper
industry, leather industry, tourism, vocational training …
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If you are going to export to Viet Nam…
Viet Nam’s becoming much freer market
almost quotas are removed
licenses are reduced and streamlined
more transparent trade policy
Banned import items: arms and ammunition, porn
products, used products, uncomplied radio equipment,
right-hand cars, waste, CFC appliance, toxics.
Items imported subject to licenses or conditions: wild
animal and flora, fertilizer, medicine and medical
products, some printed matters, radio equipment, movie,
antique items, toys, some chemicals, liquor, used cars
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Prepare yourselves before coming to VN
Understand the country, the culture and the people
 "You can't do business if you don't like the people"
 Invest your time, effort, money to understand
Who is a typical Vietnamese
 friendly, smiling, easy to talk to
 shy, sometimes reluctant in communicating with foreigners
 simple thinking, flexible
 Sometimes/somehow unplanned, slow/time
What you may encounter when coming to Viet Nam
 Traffic jam ( Hanoi 6 mill, Ho-Chi-Minh city 9 mill …)
 Language ( no problem -> English
- sometimes/somewhere Czech language)
 Tropical weather, high humidity
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Projects attracted
Some projects offered (documents printed)
Exhibition-Trade Fair 2015 in Vietnam
(from June): documents printed for you
Cooperation with Cities/Provinces of Vietnam:
example: Hanoi, Hai-phong, Thai-binh, Vinh-phuc,
Bac-Ninh … (north), Thanh-hoa, Quang-binh, Danang … (central), Hochiminh city, Can-tho, Kiengiang (south) …
Please contact to
Vietnam Commercial Office
for details;
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HANOI
17
DANANG
18
Hochiminh City
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Thank you for your attention
Děkuji Vám za pozornost
Obchodní Oddělení , Vietnamské Velvyslanectví v ČR:
Obchodní Rada: Nguyen Thang Long
Obchodní Atašé: Tran Hiep Thuong
Adresa: Rašínovo Nábřezí 38
12800 Praha 2, Česká Republika
Tel: +420 22494 2235
Fax: +420 22494 2132
Email: [email protected]