top of page

100 Million+




Vietnam Dong


331,212 Skm


pictogramma site web (1).png

The Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, its the world's fifteenth-most populous country.


Vietnam shares land borders with China to the north, and Laos and Cambodia to the west. It shares maritime borders with Thailand through the Gulf of Thailand, and the Philippines, Indonesia, and Malaysia through the South China Sea. Its capital is Hanoi and its largest city is Ho Chi Minh City (commonly referred to by its former name, Saigon).

Chambers of Commerce

chambers of commerce are very useful in vietnam for networking and business support, as well as professional accommodation. Chambers are business portals that can direct you to the right professionals. 

our core principles underpin the value of I.A_edited.png
our core principles underpin the value of I.A_edited.png
EuroCham Official Logo 2021_Trans-01_edited.png
demography in vietnam


As of 2023, Vietnam's demography is characterized by a young and growing population, urbanization, and changing demographic trends influenced by economic development and social shifts.

Key aspects of demography in Vietnam in 2023 include:

  • Population Growth: Vietnam has a population of approximately 100 million people, making it one of the most populous countries in Southeast Asia. The population has been steadily growing due to a relatively high birth rate and improved healthcare, contributing to a youthful demographic profile.

  • Youthful Population: A significant portion of Vietnam's population consists of young people. The median age is relatively low, with a large percentage of the population falling within the working-age group. This demographic structure presents both opportunities and challenges for the country's labor force and economic development.

  • Urbanization: Urbanization continues to shape Vietnam's demographic landscape, with a growing number of people moving from rural to urban areas in search of better opportunities. Major cities like Ho Chi Minh City and Hanoi have experienced rapid urban growth, leading to changes in lifestyle, infrastructure, and social dynamics.

  • Changing Family Patterns: Social changes and economic growth have contributed to evolving family patterns. While traditional values of family cohesion remain strong, modernization has led to smaller family sizes and changing roles within households.

  • Education and Healthcare: Improvements in education and healthcare have resulted in increased life expectancy and reduced infant mortality rates. This has contributed to a growing and healthier population.

  • Migration: Internal migration within the country and international migration for work opportunities have influenced demographic patterns. People from rural areas often seek work in urban centers or other countries, impacting population distribution and contributing to urbanization.

  • Fertility Rate and Family Planning: The government has implemented family planning policies to manage population growth. Although fertility rates have declined over the years, efforts to promote family planning and reproductive health continue to influence demographic trends.

  • Aging Population: While Vietnam's population is still relatively young, the country is experiencing the beginning of an aging population trend. As life expectancy increases and fertility rates decline, the proportion of elderly citizens is expected to rise in the coming decades, posing challenges for healthcare and social support systems.

Overall, Vietnam's demography in 2023 reflects a dynamic interplay of youth, urbanization, economic development, and changing social norms. These demographic trends will have significant implications for the country's future workforce, social policies, and overall development trajectory.



Vietnam's internal economy has been experiencing significant growth and transformation in recent years. The country has transitioned from an agrarian-based economy to one that is increasingly driven by manufacturing, services, and technology sectors.

Industrialization and urbanization have played a key role in shaping Vietnam's internal economy. The manufacturing sector, especially in areas like electronics, textiles, and footwear, has seen substantial growth, driven by foreign direct investment and export-oriented production. This has led to the creation of jobs and increased income levels for many Vietnamese citizens.

The services sector, including finance, retail, and tourism, has also expanded rapidly. The rise of the middle class and changing consumer preferences have fueled demand for various services, contributing to overall economic growth.

Furthermore, the Vietnamese government has implemented economic reforms and policies to promote private sector participation and entrepreneurship. This has led to a thriving startup ecosystem and an increase in innovative ventures across various industries.

While the internal economy has shown resilience and dynamism, challenges such as income inequality, environmental sustainability, and infrastructure development still remain. The government continues to focus on addressing these issues while fostering sustainable and inclusive economic growth.

Overall, Vietnam's internal economy is evolving and diversifying, with ongoing efforts to create a conducive environment for business growth, innovation, and long-term economic prosperity.



The stock exchange in Vietnam, known as the Ho Chi Minh City Stock Exchange (HOSE), is a key player in the country's financial market. It serves as a platform for companies to raise capital by listing their shares and provides investors with opportunities to trade securities. The stock market has shown consistent growth over the years, attracting domestic and foreign investors. Government initiatives, regulatory reforms, and improved transparency have contributed to its development, making it an essential component of Vietnam's evolving financial landscape.

Some companies of the HOSE:


  • Vietcombank (VCB) - Vietnam Joint Stock Commercial Bank for Foreign Trade

  • Vinhomes (VHM) - Real estate development and management

  • VietinBank (CTG) - Vietnam Joint Stock Commercial Bank for Industry and Trade

  • Techcombank (TCB) - Vietnam Technological and Commercial Joint Stock Bank

  • Vingroup (VIC) - Conglomerate with interests in real estate, retail, and entertainment

  • BIDV (BID) - Bank for Investment and Development of Vietnam

  • Vietjet Air (VJC) - Low-cost airline company

  • PetroVietnam Gas (GAS) - Oil and gas exploration, production, and distribution

  • FPT Corporation (FPT) - Information technology services and software development

  • MWG (Mobile World Group) - Retailer of consumer electronics and mobile devices



Vietnam is a rapidly growing and dynamic player in the global import and export market. The country has established itself as a key manufacturing and trading hub in Southeast Asia, attracting significant foreign investment and driving its economy forward.

In terms of exports,

Vietnam is known for its diverse range of products, including electronics, textiles, footwear, machinery, and agricultural goods such as coffee, rice, and seafood. The country has leveraged its competitive labor costs and favorable trade agreements to become a major exporter to various markets, including the United States, European Union, China, and other Asian countries.

On the import side,

Vietnam imports a wide array of products to meet domestic demand and support its growing industries. These imports include machinery, equipment, raw materials, petroleum products, and consumer goods. China, South Korea, and other ASEAN countries are among Vietnam's key trading partners for imports.

Vietnam's strategic geographic location, along with its participation in international trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), have further boosted its import and export activities. These agreements provide businesses with improved market access and reduced tariffs, making Vietnam an attractive destination for trade.

The government of Vietnam continues to focus on trade liberalization and economic reform to enhance its global trade relations and strengthen its position in the global supply chain. As a result, the country's import and export landscape is expected to continue evolving and expanding in the coming years.

GDP in Vietnam is expected to reach 433.33 USD Billion by the end of 2023, (3.3%) according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam GDP is projected to trend around 461.49 USD Billion in 2024 and 492.88 USD Billion in 2025, according to our econometric models.



The tech and digital industry in Vietnam has experienced remarkable growth and innovation in recent years, positioning the country as a burgeoning player in the global technology landscape. With a young and tech-savvy population, a growing startup ecosystem, and supportive government policies, Vietnam has become an attractive destination for tech investment and development.

Vietnam has witnessed the rise of numerous successful tech startups across various sectors, including e-commerce, fintech, edtech, and healthtech. These startups have leveraged the country's strong engineering talent pool and competitive cost structure to create innovative solutions tailored to both domestic and international markets.

The government's focus on fostering digital transformation has led to the proliferation of e-government services, digital payment platforms, and smart city initiatives. This commitment to technological advancement has attracted foreign tech giants to establish a presence in Vietnam, further contributing to the growth of the industry.

The country's thriving software outsourcing industry is another hallmark of its tech prowess. Vietnam has gained recognition as a preferred destination for offshore software development due to its skilled workforce, competitive pricing, and commitment to quality.

Investments in 5G infrastructure and advancements in artificial intelligence (AI) and blockchain technology also highlight Vietnam's ambition to be at the forefront of tech innovation in the region.

While the tech and digital industry presents significant opportunities, challenges such as intellectual property protection, regulatory compliance, and the digital divide in rural areas remain areas of focus for industry stakeholders.

Overall, the tech and digital industry in Vietnam is dynamic and evolving, marked by a blend of innovation, entrepreneurship, and government support that positions the country for continued growth and success on the global tech stage.



Vietnam offers a rich tapestry of cultural activities that showcase its history, traditions, and artistic heritage. From vibrant festivals to traditional performances, these activities provide insights into the country's diverse cultural identity.

Festivals play a significant role in Vietnamese culture, reflecting both its spiritual beliefs and agricultural heritage. The Lunar New Year, known as Tet, is the most important and widely celebrated festival, marked by elaborate decorations, family reunions, and traditional customs. Other festivals, such as the Mid-Autumn Festival and Hung King's Temple Festival, offer unique opportunities to witness cultural rituals and engage in communal festivities.

Traditional performances, such as water puppetry and ca tru singing, offer captivating glimpses into Vietnam's performing arts heritage. Water puppetry, a centuries-old art form, involves intricate puppet shows performed on water using wooden puppets manipulated by hidden puppeteers. Ca tru is a genre of ceremonial singing accompanied by traditional instruments, showcasing the country's melodic and poetic traditions.

Vietnam's cultural activities also extend to its handicrafts and traditional crafts. Visitors can explore bustling markets and artisan villages to witness artisans creating intricate silk products, pottery, lacquerware, and wood carvings. These crafts serve as a link to the past while contributing to the country's artistic legacy.

In recent years, modern cultural activities have gained prominence in Vietnam. Contemporary art galleries, music festivals, and fashion shows offer a blend of traditional and contemporary expressions, reflecting the country's evolving cultural landscape.

Overall, Vietnam's cultural activities provide a captivating glimpse into its rich heritage, fostering an appreciation for its history, traditions, and artistic achievements.



Entrepreneurship for foreigners in Vietnam offers a range of opportunities and challenges in a dynamic and rapidly evolving business landscape. The Vietnamese government has taken steps to encourage foreign investment and entrepreneurship, making it relatively easier for foreigners to start and operate businesses in the country.

Foreign entrepreneurs can establish various types of businesses, such as joint ventures, wholly foreign-owned enterprises, and branches or representative offices. Vietnam's strategic geographic location, favorable trade agreements, and growing consumer market make it an attractive destination for business ventures.

However, navigating the regulatory and bureaucratic processes can be complex, requiring a thorough understanding of local laws, regulations, and business practices. Cultural nuances and language barriers may also pose challenges for foreigners looking to establish a presence in the Vietnamese market.

Networking and building relationships with local partners, suppliers, and customers are essential for success. Developing a deep understanding of the local market, consumer preferences, and competition is crucial to creating a sustainable business model.

Foreign entrepreneurs often find opportunities in sectors such as manufacturing, technology, hospitality, and services. Vietnam's young and tech-savvy population, along with its growing middle class, presents a promising customer base for innovative products and services.

Overall, entrepreneurship for foreigners in Vietnam offers the potential for growth and success, but it requires careful planning, adaptability, and a willingness to embrace the unique challenges and opportunities of the local business environment.



Taxes in Vietnam are an important aspect of doing business and are governed by the country's tax laws and regulations. The tax system is relatively straightforward, with various types of taxes applicable to both individuals and businesses.

Corporate income tax is a key consideration for businesses, with rates varying based on the industry and location. Value-added tax (VAT) applies to the sale of goods and services and is generally set at a standard rate of 10%. Personal income tax is also levied on individuals based on their income levels.

Foreign businesses and individuals operating in Vietnam may be subject to specific tax regulations, such as withholding tax on certain types of income. Double taxation treaties between Vietnam and other countries help mitigate the impact of double taxation on foreign entities.

The Vietnamese government has implemented measures to improve tax administration and increase transparency, including the adoption of electronic tax filing and payment systems. However, navigating the tax landscape can still be challenging due to language barriers and changes in regulations.

It is advisable for businesses and individuals to seek professional guidance from local tax experts or advisors to ensure compliance with tax obligations and to optimize their tax strategies. Understanding and effectively managing taxes is crucial for maintaining a successful and compliant business presence in Vietnam.



Agriculture holds a significant place in Vietnam's economy and culture, serving as a vital source of employment and contributing to the country's food security and export earnings. With a diverse climate and fertile land, Vietnam has a rich agricultural heritage that spans various regions and crops.

Rice cultivation is a cornerstone of Vietnamese agriculture, with the country being one of the world's largest rice producers and exporters. The iconic terraced rice fields in the northern mountains are a testament to the centuries-old tradition of rice farming. In addition to rice, Vietnam produces a variety of crops, including coffee, rubber, tea, fruits, and vegetables.

The country's aquaculture and fishing industry is also robust, making Vietnam one of the world's largest seafood exporters. Shrimp, pangasius, and other aquatic products contribute significantly to both domestic consumption and international trade.

Despite its agricultural strengths, the sector faces challenges such as land degradation, climate change, and a need for modernization. The Vietnamese government has implemented various policies to promote sustainable farming practices, improve productivity, and ensure food safety.

In recent years, there has been a growing emphasis on high-tech agriculture and agribusiness, with startups and entrepreneurs exploring innovative solutions for crop cultivation, livestock farming, and value-added food products.

Agriculture in Vietnam is deeply rooted in tradition while embracing modernization, reflecting the country's commitment to balancing economic growth with environmental sustainability and food security.



Press freedom in Vietnam is limited, with the government exerting significant control over the media landscape. State-owned media dominates the industry, and independent journalism often faces censorship and restrictions on reporting certain topics. Despite these challenges, Vietnam has a diverse media landscape that includes a mix of state-owned, private, and online outlets.

Here are some of the main media outlets in Vietnam:

  • Vietnam News Agency (VNA): The state-run national news agency, responsible for providing official news and information both domestically and internationally.

  • Vietnam Television (VTV): The state-owned television network that broadcasts a range of programs, including news, entertainment, and educational content.

  • Radio the Voice of Vietnam (VOV): The government-operated national radio broadcaster, offering news, music, and cultural programming.

  • Tuoi Tre (Youth): One of the most prominent Vietnamese newspapers, covering a wide range of topics including politics, economics, culture, and sports.

  • Thanh Nien (Youth): Another major newspaper known for its coverage of current events and social issues.

  • Nhan Dan (The People): The official newspaper of the Communist Party of Vietnam, providing news and information from the party's perspective.

  • Saigon Times: A business-focused newspaper providing economic and financial news and analysis.

  • Zing News: A popular online news portal offering a mix of news, entertainment, and lifestyle content.

  • VNExpress: A widely-read online news platform that covers a broad range of topics, including current events, business, and culture.

  • Dan Tri: An independent online news site known for its coverage of social issues and human rights.

It's important to note that while there is a growing online and social media presence in Vietnam, the government also monitors and censors online content. Independent and critical journalism can face challenges in terms of freedom of expression and government scrutiny.



Consumption in Vietnam has undergone significant transformation in recent years, driven by a burgeoning middle class, urbanization, and changing consumer preferences. As the economy grows and living standards improve, Vietnamese consumers are increasingly seeking a diverse range of goods and services.

Traditional markets and street vendors still play a vital role in daily consumption habits, offering fresh produce, household items, and local street food. However, modern retail formats such as supermarkets, convenience stores, and shopping malls have gained popularity, especially in urban areas.