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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

Vietnam’s telecommunications sector is among the world’s fastest growing telecommunications markets. The Government of Vietnam (GVN) has articulated its commitment and ambition to boosting the Information and Communications Technology (ICT) industry to “shift Vietnam to the level of strong countries in the world’s ICT industry.” It is estimated that Vietnam’s posts and telecommunications sector’s net revenue in 2012 was approximately $9 billion.... (Download the report here)

3. Oil and Gas Machinery and Services

Vietnam has great potential in oil and gas reserves and oil & 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. The taxes paid annually by the oil & gas sector account for 18-20 percent of Vietnam’s state budget and the revenue generated account for nearly 30 percent of the GDP...... (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. Vietnam receives a large amount of international aid in the form of loans and donated medical equipment. A number of small projects are currently taking place in Vietnam, including those funded by the World Bank and the EU..... (Download the report here)

8. Safety and Security

After 20 years of implementing foreign investment law, Vietnam has attracted more than 9,500 foreign investment projects with the registered capital of US$98 billion (Foreign Investment Agency/Ministry of Planning & Investment). In addition, local investment projects have spread to all industries, leading to a huge demand of safety and security equipment. Therefore, Vietnam is considered a growing market for safety and security equipment with good sales potential for U.S companies in the medium and long-term future.... (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. Significant increases in per capita income over the past ten years, the robust expansion of both the manufacturing and service sectors, and the value Vietnamese traditionally place on education are creating substantial opportunities for education and training services providers. However, competition will continue to grow as globalization creates more opportunities for study elsewhere. Competitors in Asia (including Australia and Singapore) promote proximity, affordable costs, and the possibility of post-graduation employment… (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

After enjoying impressive growth for a long period from 2000-2011, the construction sector faced a property bubble and a weak economy in 2011-2012. This resulted in a large oversupply of real estate assets, amounting to a $4 to $7 billion with some 70,000 condos sitting in inventory by the end of 2012. Bad debts increased in the industry with many local construction firms going bankrupt and public investment projects cut off from financing.... (Download the report here)