2. Vietnam, officially the Socialist Republic of Vietnam is
the easternmost country on the Indochina Peninsula
in Southeast Asia. With an estimated 87.8 million
inhabitants as of 2011, it is the world's 13th-most-
populous country, and the eighth-most-populous
Asian country. The name Vietnam translates as
"South Viet", and was officially adopted in 1945. The
country is bordered by China to the north, Laos to the
northwest, Cambodia to the southwest, and the South
China Sea to the east. Its capital city has been Hanoi
since the reunification of North and South Vietnam in
1976.
3. India officially the Republic of India (Bhārat
Gaṇarājya), is a country in South Asia. It is the seventh-
largest country by area, the second-most populous
country with over 1.2 billion people, and the most
populous democracy in the world. Bounded by the Indian
Ocean on the south, the Arabian Sea on the south-
west, and the Bay of Bengal on the south-east, it shares
land borders with Pakistan to the west; China, Nepal, and
Bhutan to the north-east; and Burma and Bangladesh to
the east. In the Indian Ocean, India is in the vicinity of Sri
Lanka and the Maldives; in addition, India's Andaman
and Nicobar Islands share a maritime border with
Thailand and Indonesia.
4. POPULATION DEMOGRAPHICS
Vietnam India
Population 91,519,289 (July 2011 est.) 1,205,073,612 (July 2012
est.)
Age 0-14 years: 25.2% 0-14 years: 29.7%
15-64 years: 69.3% 15-64 years: 64.9%
65 years and over: 5.5% 65 years and over: 5.5%
Birth rate 16.83 births/1,000 20.6 births/1,000
population population (2011 est.)
(2011 est.)
Death rate 5.95 deaths/1,000 7.43 deaths/1,000
population (July 2011 est.) population (July 2011 est.)
5. CULTURAL ISSUES
Vietnam India
Religions Buddhist 9.3%, Catholic 6.7%, Hoa Hindu 80.5%, Muslim 13.4%,
Hao 1.5%, Cao Dai 1.1%, Christian 2.3%, Sikh 1.9%, other
Protestant 0.5%, Muslim 0.1%, 1.8%, unspecified 0.1%
none 80.8%
Languages Vietnamese (official), English Hindi 41%, Bengali 8.1%, Telugu
(increasingly favored as a second 7.2%, Marathi 7%, Tamil 5.9%,
language), some French, Urdu 5%, Gujarati 4.5%, Kannada
Chinese, and Khmer, mountain 3.7%, Malayalam 3.2%, Oriya 3.2%,
area languages (Mon-Khmer and Punjabi 2.8%, Assamese 1.3%,
Malayo-Polynesian) Maithili 1.2%, other 5.9%
Literacy definition: age 15 and over can definition: age 15 and over can
read and write read and write
total population: 94% total population: 61%
male: 96.1% male: 73.4%
female: 92% (2002 est.) female: 47.8%
6. Etiquette and Customs in
Vietnam
Vietnamese society has a fair amount of public etiquette. The
following are some of the more common points:
. Avoid public displays of affection with a member of the opposite
sex.
. Do not touch someone's head.
. Pass items with both hands.
. Do not point with your finger - use your hand.
. Do not stand with your hands on your hips.
. Do not cross your arms on your chest.
. Do not pass anything over someone's head.
. Do not touch anyone on the shoulder.
. Do not touch a member of the opposite sex.
. Shorts should only be worn at the beach.
7. Political issues
India Vietnam
Capital city New Delhi Hanoi
Prime minister Manmohan singh Dictatorship
Government type Communist state federal republic
Vietnam India USD
Dong(vnd) Rupee dollar
1.00 USD=20,833.33 VND
US Dollar Vietnamese Dong
↔
1 USD = 20,833.33 VND 1 VND = 0.0000480000 USD
8. VIETNAM’S GOVERNMENT HAS PUT IN PLACE A SERIES ON INCENTIVES TO
ATTRACT AND ENCOURAGE THE KIND OF FOREIGN DIRECT INVESTMENT MOST
LIKELY TO DRIVE THE COUNTRY’S FUTURE DEVELOPMENT.
INVESTMENT INCENTIVES
Incentives to encourage investment in Vietnam come in varying
forms, including:
preferential corporate income tax rates
exemption from, or reduction of, corporate income tax
import duty exemptions
exemption from taxes on royalties
exemption from, or reduction of, land use or land rental fees
privileges awarded to build-operate-transfer (BOT), build-transfer-
operate (BTO) and build-transfer (BT) projects and projects in special
economic zones.
Investments in geographical areas of Vietnam that face difficult socio-
economic conditions are more likely to qualify for some of the above
investment incentives.
9. SECTORS TARGETED BY INCENTIVES
THE VIETNAMESE GOVERNMENT HAS IDENTIFIED STRATEGIC SECTORS THAT
QUALIFY FOR ITS INVESTMENT INCENTIVES. TYPICALLY, INVESTMENTS THAT
INVOLVE A HIGHER LEVEL OF VALUE-ADDING AND PROCESSING, EMPLOY A LOT
OF PEOPLE, OR FOCUS ON MUCH-NEEDED INFRASTRUCTURE, SKILLS OR
TECHNOLOGY ARE THOSE MOST LIKELY TO QUALIFY
INVESTMENT GUARANTEES
In order to encourage investment, the Vietnamese
Government provides investment guarantees,
including the commitment that investors’ assets will
not be nationalized or confiscated; that intellectual
property rights will be protected; that capital and
assets can be remitted abroad and that investors will
be protected in the event of changes in law or
policies.
10. KEY SECTORS TARGETED FOR
INVESTMENT INCENTIVES-
1Production of new materials or new energy
2. Production of high-tech, bio-technology or info-technology products
3. Production of manufactured mechanical products
4. Cultivation and processing of agricultural, forestry and aquatic products (eg
making salt)
5. Production of man made strains, new seeds and breeds of animals
Use of, or research and development on, high technology or modern technology
6. Protection of ecological environment
7. Employment of large numbers of employees
8. Construction and development on infrastructure or important projects
9. Development of facilities in educational, training, medical, gymnastic and
sports sectors
10.Development of traditional trades
13. Vietnam has a large market, skilled workers and a good investment
environment while still maintaining lower production costs due to lower
ages then in India or Thailand.
One additional reason why Indian firms are getting more interested in
Vietnam is the India- ASEAN (Association of Southeastern Asian
Nations) Free Trade Agreement, decided on August 13, 2009 in gangkok
and effective from January 1, 2010.
The Vietnam-India bilateral trade relationship was worth US$2.75
million last year. In January and February 2011 the bilateral trade value
stood at =S$643 million and it seems to be rising.
Food processing
The government of Vietnam is implementing several programs to
increase the production of rice, corn and tapioca, and enhance food
processing technologies.
•The country has already become a food product processing hub with
an annual growth rate of 20-30%.
•The changing food habits of locals, who tend to use preliminarily-
treated foods for making meals, are increasing the demand for
processed foods.
15. India & Vietnam
Vietnam is helping strengthen India’s relations with the ASEAN
countries
Ties are expanding rapidly and in practically all areas including
trade, investments, energy, security, human resource
development, capacity-building, IT, science and technology,
culture .
Vietnam particularly seeks Indian investments in sectors like
high technology, IT, biotechnology, energy including renewable
energy, iron and steel, auto components, pharmaceuticals,
medical equipment, food processing, and other areas.
Earlier this year with effect from 1 January, India have
extended the visa-on-arrival facility to Vietnam.
The total Indian investment in Vietnam is over 400 million
dollars
ONGC Videsh has been present in Vietnam for quite some
time, including in a major joint venture for offshore oil and
natural gas exploration. They are in the process of further
expanding their cooperation and operations in Vietnam