Reflecting the strength of Vietnam’s human capital and strong consumer market growth is the nation’s 87-million and 93% literacy rate population, 75% of which are under the age of 40. Individual wealth has been rising remarkably with CARG of GDP per capita reaching 12.3% for 1988-2010 ! Annual GDP growth averaging 7.2% in the past decade, only behind China in Asia, confirms the strength of the domestic economy. Additionally, Vietnam’s competitive labor costs, highly-ranked political stability in the region with the government’s emphasis on efficiency, competitiveness, infrastructure developments, continuous power supply and reduction of state budget deficits, further show the nation’s investment appeal.
Low goods and service penetration rates
Low penetration makes Vietnam an attractive market for investors seeking to bring new products & ideas to Vietnam. With reports showing Vietnamese as wiling early adopters, 88% of urban youth as daily internet users, coupled with the nation’s strong domestic consumption; Vietnam appears a great place to do business!
Crude oil and gas reserves in Vietnam’s 9 off-shore fields rank Vietnam behind Australia in Southeast Asia for petroleum resources and this resource wealth is expected to increase with expanded exploration.
A US Geological surveys indicated that Vietnam was a leading supplier of anthracite coal in the Asia and Pacific region. Vietnam also contains large, recoverable reserves of other minerals, including, magnesium, gold, phosphate, tin, and copper
Rising equity markets
The equity markets in Vietnam have undergone tremendous growth in the last decade. Since the market inception in 2000 when the Ho Chi Minh Stock Exchnage (HOSE) began with 2 listings, to the present where the equities markets boast of over 650 listings and a market capitalization in excess of $30 billion, tremendous growth is easily observed. Moreover, the private and OTC markets even have a substantially larger market capitalization, estimated 3 to 4 times of that of the listed markets