Notes

Organization and Market Guide on Vietnam
ECONOMY. In 1986, the Vietnamese government abandoned its Marxist economic policy plus implemented "doi moi" (renovation) involving economic structural reforms. These types of reforms included modernising and liberalising the economy and developing extra export driven industries. Vietnam joined the particular Association of Southeast Asian Nation (ASEAN) and became some sort of signatory of the particular ASEAN Free Business Agreement (AFTA). The particular US-Vietnam Bilateral Trade Agreement in i b?rjan p? tv?tusentalet has brought main changes to Vietnam's economy and dreams to enroll in the particular WTO 5 years ago.

Vietnam's GDP grew at an average of seven. 3% annually throughout 2000-2004 and arrived at US$44. 5 billion by 2004 plus unemployment declined coming from 6. 4% in 2000 to a few. 6% in 2005. However, inflation steadily increased reaching seven. 8% by 2004 and prompted Vietnam's government to apply monetary and fiscal adjustments to manage inflationary pressures.

The making sector contributed toward 40. 1% of Vietnam's GDP in 2004 while the services sector contributed 37. 2%. The culture sector contributed toward 38. 7% associated with the country's GDP in 1990 although declined to 21 years old. 8% by 2004. Major industries consist of processed foods, clothing and shoes, mining (coal and steel) cement, fertilisers, cup, tyres, paper and even petroleum. Major agriculture products include hemp, coffee, rubber, cotton, tea, pepper, soybean, cashew nuts, peanuts, sugar cane, peanuts, bananas, poultry and seafood.

DEMOGRAPHY. Japanese (also known while Viet or Khin) could be the major ethnic community accounting for nearly 86% involving the country's populace and reside mainly in the east half of the country. Hispanics include Chinese who else live mainly within the urban areas, Khmer Crom (related in order to the Khmers associated with Cambodia), Tays in addition to Montagnards who are now living in the mountainous parts of the country.
Within a government census, about 80% involving the population usually do not subscribe to any kind of religion but amongst those who perform, 9% are Buddhist and 7% will be Christians. Other made use of practiced include Islam, Cao Dai plus Hoa Hao. Typically the national language will be Vietnamese and dialects spoken on the list of minorities include Tay, Muong, Khmer and Oriental (mainly Cantonese plus Mandarin). English is definitely the preferred second language but generally realized and spoken between the educated elite

The majority of the Vietnamese inhabitants live in the agricultural areas but typically the proportion of the urban population is definitely gradually increasing from 19. 7% inside 1990 to twenty six. 0% 7 years ago. Vietnam's largest city will be Ho Chi Minh City (population five. 0 million) and even Hanoi (population involving 3. 5 million) followed by Nai, Haiphong and Dac Lac.

Household revenue in Ho Chi Minh City is definitely nearly 3 times typically the national average -- the city makes up nearly half of every one of the motorbikes throughout Vietnam. An estimated 20% from the human population live below the thankfully level and generally from rural families. 10%-15% in the households are middle to be able to high-income households whilst 65%-70% are lower-income households.

INFRASTRUCTURE. Vietnam's telecommunication systems lag behind many adjoining countries in the region plus therefore government puts great emphasis on its modernisation. Electronic exchanges now connected to Hanoi, De uma Nang, and Ho Chi Minh Metropolis and main outlines have increased although the use of mobile telephones is growing. The national road system exercises from the upper to southern hint of Vietnam. Northern and southern Vietnam are served by two international air-ports and two main sea ports serving international shipping.

INTERCONTINENTAL TRADE. Vietnam's major trading partners are usually the US, Nippon, China, Australia, Australia, Singapore, Taiwan, Thailand and South Korea. Major exports include oil, seafood, hemp, coffee, cashew peanuts, rubber, tea, apparel and shoes. Major imports include machineries and equipments, oil products, fertilisers, steel products, cotton, grains, cement and motor bikes.

coffee house newtown menu USAGE OF TECHNOLOGY. There were nearly 10. 1 thousand telephones installed within Vietnam and nearly 5. 0 million mobile phone clients in 2004. coffee house newtown menu is putting extensive efforts to modernise and increase the nation's telecommunication system yet still lags compared to Singapore, Thailand and even Malaysia. Computer penetration is low; estimates vary from 2% to 4% of the population in 2004 and approximately 5. 8 thousand internet users. The penetration of tv set is merely 20% in addition to concentrated to properties inside the cities and towns. Similarly, installation of refrigerators is definitely concentrated in the particular cities where 60 per cent of the homes possess refrigerators.

RETAIL MARKETPLACE. Retail sales in Vietnam grew simply by 8%-12% annually from 2000 to 2005 brought about simply by increasing disposable income due to the country's strong economic growth. Vietnamese consumers spend two-thirds of their income on retail purchases amounting to US$16. a few billion in 2004. Traditional wet marketplaces and the "mom and pop" retailers dominate the retail store industry accounting regarding 95% of typically the total retail business. Several retail retailers measure no more than five square metres (54 sq feet). Modern retail store establishments are constrained but gradually growing in the country and generally locally owned businesses focused in Ho Chi Minh City plus Hanoi.

FOOD TRADITIONS. Rice and noodles are the software program food of the particular Vietnamese but taste preference differs by region. Foods inside of central Vietnam will be spicier while meals in northern in addition to southern Vietnam usually are less spicy and tend to always be saltier. The Thai often dip their foods with chilli, garlic or species of fish sauce to include flavor. The French colonialists introduced European fashion bread and bakeries into the Thai food culture. European style fast food service establishments are usually beginning to come out alongside the standard snack bars, wedding cake shops and cell phone food carts.

Khal Mastan is a Senior Consultant along with Pegasus Business plus Market Advisory ([http://bma.pegasus-asia.com]) based in Malaysia. He or she involves himself running a business and marketing study and provides consulting services on stores in Southeast Asia namely Malaysia, Thailand, Singapore, Indonesia, Thailand and Brunei. get more info has a lot more than something like 20 years experience in the area and work encounter in a variety of industries. This individual holds a bachelor's degree in Hormone balance and an MASTER OF BUSINESS ADMINISTATION. They can be approached at khalzuri@pegasus-asia. possuindo or +6 (03) 7726 5373 within Malaysia.
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