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Best U.S. Export Prospects

1. Power Generation, Transmission and Distribution

2. Telecommunications Equipment and Services

3. Oil and Gas Machinery and Services

4. Computer Hardware and Software Services

5. Airport and Ground Support

6. Environmental and Pollution Control

7. Medical Equipment

8. Safety and Security

9. Education and Training Services

10. Franchising

11. Architecture, Construction and Engineering

1. Power Generation, Transmission and Distribution

The electric power sector represents one of the most promising areas for U.S. commercial prospects in the Vietnamese market. At present, Electricity of Vietnam (EVN), a state owned enterprise which reports directly to the Prime Minister, is the biggest buyer of electricity from power plants and holds a monopoly on electricity transmission and distribution. The electric power industry is under the jurisdiction and management of the Ministry of Industry and Trade (MOIT).... (Download the report here)

2. Telecommunications Equipment and Services

Driven by growing income per capita of sophisticated customers and Government of Vietnam’s plan to develop its e-government and e-commerce, the country’s telecommunications market is forecast to grow at 15.5 percent in 2014 and 2015. To meet this continued market growth, Vietnam imports a huge amount of telecommunication network equipment and terminal devices as Vietnamese manufacturers are still relatively new and may not be able to offer the same range of solutions and services as foreign suppliers. This trend is expected to continue to offer good sales opportunities for U.S. suppliers for many years to come..... (Download the report here)

3. Oil and Gas Machinery and Services

Vietnam has great potential in oil and gas reserves. Oil and gas is one of the top priority sectors for development by the Government of Vietnam since it is viewed as central to national economic growth and energy security. The oil & gas industry is the country’s biggest foreign currency earners and a major procurer of imported technology, services and equipment. PetroVietnam (also known as PVN), the national oil and gas group, is a leading state-owned economic group with revenue accounting for 20 percent of the nation’s GDP and contributing to 25-30 percent of the state budget…. (Download the report here)

4. Computer Hardware and Software Services

The IT hardware and software markets of Vietnam, which are driven by continued higher IT demand and outlay from the public sector, private sector and households, have grown at an average rate of 15 percent for the last five years. To meet its dynamic market growth, Vietnam has been importing the lion’s share of IT hardware and software as Vietnamese manufacturers are still relatively new and may not be able to offer the same range of solutions and services as foreign suppliers. This trend is expected to continue to offer good sales opportunities for U.S. suppliers for many years to come ..... (Download the report here)

5. Airport and Ground Support

Aviation is one of the top priority sectors for development by the Government of Vietnam as it plays a critical role in the country’s national economic growth. The aviation sector is overseen and managed by the Civil Aviation Administration of Vietnam (CAAV), which reports to Vietnam Ministry of Transport.... (Download the report here)

6. Environmental and Pollution Control

Vietnam is facing an increasing number of environmental pollution challenges including air, water, and solid waste pollution. Major factors contributing to these problems include high population growth rate, rapid urbanization, accelerating industrialization, and weak enforcement of the Law on Environmental Protection and Development.... (Download the report here)

7. Medical Equipment

Vietnam represents a potentially large healthcare, medical equipment and device market. Identified as one of the national development priorities, the Vietnamese public healthcare sector has received increasing government budget allocations as well as interest from the private sector. Healthcare experts estimated that the market size was $265 million in 2014. The market growth was approximately 12 percent during 2009-2011; but is currently only growing at 5-6 percent...... (Download the report here)

8. Safety and Security

Vietnam’s safety and security market is formed by two main factors: civil engineering and key national projects and national defense projects. Government projects have relied on substantial assistance from outside sources, particularly Official Development Assistance (ODA), to improve and upgrade the country’s infrastructure systems. ODA-funded projects help initiate safety and security upgrades in many government dominated sectors such as banking, maritime, power, oil and gas, and transport. The demand for safety security equipment / technology in Vietnam is also tied to the development of foreign-invested construction and property projects. The growth of foreign businesses and government infrastructure development has stimulated the safety and security equipment market. A surging retail outlet sector and increasing cyber-crimes have also defined market demands for safety and security equipment..... (Download the report here)

9. Education and Training Service

Educational exchange is a cornerstone of the U.S. bilateral relationship with Vietnam and a top prospect opportunity for U.S. universities and educational institutions. The number of students from Vietnam fluctuated moderately throughout the 1980s and 1990s with a steady trend of growth beginning in the late 1990s. With 16,098 students studying in the U.S. in the 2012-2013 academic year, a year-on-year increase of three percent, Vietnam topped the Southeast Asia in terms of students learning there. The figure is also the eighth highest among countries having students in the U.S. The mutual understanding between the two countries’ students will play a key role in the process of expanding the two countries’ bilateral relations and consolidating their comprehensive cooperation.… (Download the report here)

10. Franchising

The franchising model is popular and well-suited to a developing economy like Vietnam. Rising incomes and an emerging middle class are generating growth in consumer-driven sectors. There is considerable demand for lifestyle-oriented products and services, as well as growing interest in western-style food and beverage concepts..... (Download the report here)

11. Architecture, Construction, and Engineering Services

Vietnam enjoyed an impressive growth and a property boom for a long period from 2000-2010 with an average GDP growth of 7-8 percent every year. Many real estate projects including houses, condos, apartments, office buildings, hotels, resorts, etc. were built, resulting in a surging demand for construction, architecture and engineering services. Many foreign companies in the architecture, engineering consulting, and construction management sectors flocked to Vietnam to gain a foothold in this lucrative real estate market..... (Download the report here)