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, 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

Vietnam’s telecommunications sector is among the world’s fastest growing telecommunications markets. The Government of Vietnam (GVN) has articulated its commitment to boosting the development of the Information and Communications Technology (ICT) industry, particularly in telecommunications and Internet infrastructure development, software production, Information Technology (IT) education promotion, and other forms of human capital development. On September 2010, Vietnam’s Prime Minister Nguyen Tan Dzung approved the Project of “shifting Vietnam to the level of strong countries in the world’s ICT industry.”.... (Download the report here)

3. Oil and Gas Machinery and Services

Vietnam’s oil and gas industry is one of the country's biggest foreign currency earners and a major procurer of imported technology, services and equipment. In 2010, Vietnam produced 24.4 million tons of oil equivalent, and earned $22.8 billion in revenue, accounting for about 24 percent of GDP. During the year, Vietnam sold 15 million tons of crude oil worth $9.2 billion, accounting for 13 percent of total national exports, which included the export of 8.7 million tons worth $5.3 billion; and the supply of 6.1 million tons worth $3.7 billion to Dung Quat refinery..... (Download the report here)

4. Information Technology Hardware and Software

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 rapidly at about 15 percent per year for the past 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 Equipment, Air Traffic Management Systems

Aviation has been designated as one of the top priority sectors for development by the Vietnamese government, since it is viewed as a prerequisite to rapid national economic growth. The aviation industry in Vietnam is under the principal jurisdiction and management of the Civil Aviation Administration of Vietnam (CAAV), a government agency reporting to the Ministry of Transport. ... (Download the report here)

6. Environmental and Pollution Control Equipment and Services

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. Education and Training

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 U.S. Mission in Vietnam has strongly emphasized the importance of education, and quickly realized the goal set in 2008 of doubling the number of Vietnamese students studying in the U.S. Surveys repeatedly show that Vietnamese residents recognize that U.S. schools provide the highest quality education. With an average year-on-year growth rate of 30% over the past 5 academic years, Vietnam currently ranks 9th among countries sending students to the U.S. for higher education.... (Download the report here)

8. Safety and Security

Safety and security equipment is a growing market in Vietnam with good sales potential for U.S companies in the medium and long-term future. The demand is largely tied to the development of foreign-invested construction and property projects as well as a growing interest by the government in safety standards. In addition to the state budget, the Government has relied on substantial assistance from outside sources, particularly Official Development Assistance (ODA), to improve and upgrade the country’s infrastructure systems.... (Download the report here)

9. 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)

10. 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. Multi-lateral Development Banks such as the World Bank are also providing much-needed financing and technical assistance to expand healthcare capacity in Vietnam.... (Download the report here)

11. Architecture, Construction, and Engineering Services

Vietnam Ministry of Planning and Investment estimates that Vietnam needs to invest $200 billion for infrastructure development through 2020. Private investment funds, Multilateral Development Banks such as the World Bank and Asian Development Bank, and Overseas Development Assistance by foreign countries such as Japan have spurred investment in infrastructure but financing continues to be a major challenge.... (Download the report here)

12. Plastics Equipment and Machinery

The plastic product manufacturing industry is one of the fastest growing industries in Vietnam, sustaining an average growth rate of 15 to 20 percent annually during the last ten years. This robust growth is driven by significant increases in both domestic consumption and exports. Plastic consumption per capita grew sharply from 12 kg per year in 2000 to 40 kg per year in 2010 and Vietnamese plastic exports rose dramatically from US$200 million in 2000 to US$1 billion in 2010..... (Download the report here)

Print | Last Updated: 5/16/11 6:15 AM