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Vietnam at a glance
• Population: 88 million (2010)
• Diplomatic ties with 170 countries and trade relations with 221 countries and territories
• Member of UN, NAM, ASEAN, APEC, ASEM
• 150th WTO member since January 2007
• GDP per capita 2010: US$1,168
Source: Vietnam General Statistics Office, 2010
Table1: Main export goods from Vietnam (1,000 tons, USD million)
Source: General Statistics Office – Vietnam (2011)
1. Large number of enterprises
A large majority of these local businesses have been improving their trade and production capability through human resources training with professional, foreign language skills, and knowledge on international commercial laws. Besides, they keep focusing on product quality, competitive prices, as well as promotion and trademarks to maintain the competitive advantages in the market.
Obviously, importers will find it easy to search for potential quality partners.
2. Government Supports
Export is encouraged and facilitated by the local government.
It is supportive and helpful to importers with local knowledge and international trade experience offered by government’s agency. Investment & Trade Promotion Centre (ITPC) is a specialized trade promotion agent of the city functioned to organize business matching to overseas companies and assist overseas importers on any inquiries.
3. Excellent connections
Thre are 1 hi-tech park, 1 software parks, 1 hi-tech health care park, 1 hi-tech agricultural park, 3 export processing zones, and 15 industrial parks in the city.
It is proven that the city infrastructure is ready to carry high international standard level of facilities and services in logistics to support export.