Designated by UKTI as a high-growth emerging market, Vietnam has one of the fastest-growing, most vibrant economies in Asia. With a population of over 90 million, over half of which are below the age of 30, this entrepreneurial nation is the 14th most populous in the world and third-largest in the South-East Asia region.
Economic growth is strong; over the past ten years this has been second only to China and GDP has been doubling every ten years since 1986. Since joining the World Trade Organization (WTO) in 2007, Vietnam’s progress towards becoming a full market-orientated economy has accelerated and GDP growth in the four-year accession period averaged 6.5%.
British companies have been successful in a number of areas, including biotechnology, education, ICT, green business, finance and professional services and oil and gas. And the opportunities don’t stop there. Bordering China to the north and Laos and Cambodia to the west, Vietnam provides a gateway for British businesses looking for further expansion in the region.
Sources: DHL, UKTI, Gov.uk
For more detailed information when trading with Vietnam, download our Vietnam Fact Sheet
Read more detailed
information about Vietnam
Gateways into the country:
2 (SGN & HAN)
Number of Service Centres/Depots: 7
DHL Delivery Zone: 8
Vehicle Fleet: 114
|Vietnam: Country Profile|
|Capital:||Hanoi||IMPORTS INTO VIETNAM|
|Population:||92.4 million||Imports into
|Official Language:||Vietnamese, English, French, Chinese, Khmer||Import
|Machinery and equipment, petroleum products, steel products, raw materials for the clothing and shoe industries, electronics, plastics, automobiles.|
|Currency:||Vietnamese dong (VND)||Top Import Origins:||China, Germany, Singapore, Malaysia, Japan, Netherlands, Hong Kong, France and Thailand|
|GDP:||US$138 billion||EXPORTS FROM VIETNAM|
|Duty Free Allowance:||1,000,000 DONG||Exports from
|Clothes, shoes, electronics, seafood, crude oil, rice, coffee, wooden products, machinery|
|Top Export Origins:||Russian Federation, Japan, UK, US, Germany, China, Hong Kong and France|
|The times provided for
are based on the time
expected for customs
in Vietnam to clear the
shipment – this is
dependent on the
value of the shipment.
|Ha Noi||2 days||3-5 days|
|Hue||5 days||6-8 days|
|Nam Dinh||3 days||4-6 days|
|Ho Chi Minh||2 days||3-5 days|
|Da Nang||3 days||4-6 days|
Vietnamese Customs prohibit or restrict the import of the following items into Vietnam. Logistics providers will also have a list of items that are prohibited or restricted for transport to any location, for example dangerous goods. DHL’s standard list of prohibited items also applies.