3. www.duanemorris.com
Vietnam 2015 Economy at a glance
• GDP: US$204 billion
• GDP per capita: US$2,109
• GDP Growth: 6.68 % (compared to 5.98%
in 2014, highest in the past 5 years)
• Inflation: 0.63% (lowest in the past 10
years)
• Population: About 91.70 million
• Labor force aged 15 and above: 54.61 million
• Total export and import turnover: : US$
$327.76 billion (10% increase)
• Minimum wage: VND 3.5 million (US$ 156)
per month (Jan 2016)
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5. www.duanemorris.com
Vietnam to be Asia’s second fastest growing country
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2016: 6% according to World Bank
Asia’s second fastest growing
country, only after India
Vietnam tops 6 European countries
in the Global Competitiveness
Index
8. www.duanemorris.com
WTO ANALYSIS OF LIBERALIZATION
OF MARKET ACCESS
Vietnam ties in first place with Singapore
• *Typical restrictions: number of opened sectors, JV
requirement, limits on foreign-owned shares, permission
requirement
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Country Limitation of
market access*
Country Limitation of
market access*
Malaysia medium Myanmar high
Indonesia medium Cambodia medium
Philippines medium Laos medium
Singapore low India high
Thailand medium China medium
Brunei high Vietnam low
10. www.duanemorris.com
AEC Market Snapshot – Asia’s main
investment hub
• GDP: US$2311.3 billion (2012)
• GDP per capita: US$3748.4 (2012)
• Population: 620 million, 60% under the age of 35
• AEC % of world GDP: ~3.3%
• AEC % of world population: 9%
• AEC’s merchandise exports: US$1.2 trillion - ~54% of total
ASEAN GDP and 7% of global exports
• If ASEAN were one economy, it would be the 7th largest in
the world – 4th largest by 2050 if growth trends continue
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15. www.duanemorris.com
TPP and AEC intersection
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Thailand
Malaysia
Brunei
CanadaAustralia
Cambodia
Indonesia Myanmar
Peru
Philippines
Japan
Laos
Mexico New Zealand
Singapore
The United States
Vietnam
Chile
17. www.duanemorris.com
DUANE MORRIS VIETNAM LLC
Thank you very much!
HANOI OFFICE HO CHI MINH CITY OFFICE
Pacific Place, Unit V1307/08, 13th Floor, Suite 1503/04, Saigon Tower
83B Ly Thuong Kiet, Hoan Kiem District 29 Le Duan Street, District 1
Hanoi, Vietnam Ho Chi Minh City, Vietnam
Tel.: +84 4 39462200 Tel.: +84 8 3824 0240
Fax: +84 4 3946 1311 Fax: +84 8 3824 0241
Contact email:
omassmann@duanemorris.com
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