Industry
Insights

Members News

Doing Business in Vietnam – Opportunities for the Energy and Infrastructure sectors

 

As one of the South-East Asia’s rising stars, Vietnam is an increasingly attractive export destination and investment hub. Despite the ongoing impacts of the COVID-19 pandemic, Vietnam’s economy grew at 2.91% in 2020, putting it among the top 10 countries globally.

Join the Department for International Trade (DIT) North East and DIT Vietnam for a FREE webinar to hear:

  • An overview of the Vietnamese market, including the benefits and challenges of doing business in Vietnam
  • The opportunities in Vietnam’s fast-growing energy and infrastructure sectors
  • A panel discussion with British businesses who are already succeeding in Vietnam

The UK – Vietnam Free Trade Agreement (UKVFTA) applied since 1 January 2021 has provided better market access, as well as tariff reductions on trade between our two nations. This is opening up further opportunities for British businesses to export to, collaborate with and invest in Vietnam.

This is a great opportunity to find out about the opportunities for your business in Vietnam and explore your potential within this market!

About Vietnam’s Energy Sector 

  • Vietnam has the largest renewable energy installed capacity in South East Asia
  • Energy demand in Vietnam has grown over 10% per year over the last decade
  • In 2020, renewable energy in Vietnam reached 25.3% (equivalent to 17.5GW) of the energy mix, which is 10 years ahead of the nation’s target according to the Power Development Plan 7
  • The total market value of this sector is estimated at 36 billion USD across solar, wind, hydro, and biomass between 2021 and 2025

 

About Vietnam’s Infrastructure Sector

  • Vietnam spends 5.7% of its GDP on infrastructure – the highest proportion of GDP of any country in South East Asia
  • Over the past decade, Vietnam has been one of the fastest-growing economies in Asia and with that comes the development of infrastructure to keep up with demands
  • The government has prioritised transport infrastructure with plans to increase investment, particularly through some major projects including metro lines in Hanoi and Ho Chi Minh City as well as the high-speed North-South railway
  • With investment estimated to reach $480 billion by 2030, the infrastructure sector creates huge opportunities for bilateral trade between Vietnamese and British businesses in both goods and services

 

Date: 19/11/2021

Time:09:00-10:00

 

Register your interest here 

Related News

Keep up to date with the latest news in advanced manufacturing

July 18th 2024

“Watershed moment for supply chains” – a lesson in decision making – Tristan Meears-White; Independent Consultant | Regulatory

The judgment in World Uyghur Congress v National Crime Agency is a landmark ‘monumental victory’, the ruling

Read More

July 18th 2024

Ward Hadaway has announced 13 new appointments as strong growth continues

Ward Hadaway has announced 13 new appointments across its Leeds, Manchester, and Newcastle offices, reinforcing its commitment

Read More

July 17th 2024

UK Manufacturing: Navigating Key Challenges Ahead – Rachel Skeoch; AMF Board Member

As we step into the second half of 2024, the UK manufacturing industry finds itself at a

Read More

Back to News

HOW WE CAN HELP

Connecting manufacturers and providing support to drive collaboration.

The AMF provides an extensive range of benefits, insightful events, and exclusive opportunities to support our members in growing and developing their businesses.

Join us

UPCOMING EVENTS

Our events provide expert insights, practical tips and advice on specialised areas

From our Monthly Meetings to our Focused Forums, each of our events sees guest speakers share their real-life experiences and first-hand knowledge of the things that effect your business. With networking and Q&As, our events allow you to connect with and learn from leading industry experts.

Find out more

15/11/2024

8:00 am

Business Improvement Forum

AMF Breakfast – Monetary Policy & Autumn Budget review

20/11/2024

12:00 pm

Monthly Meeting

AMF Monthly Meeting @ Ebac; Newton Aycliffe

28/11/2024

9:00 am

Other Event

MENE Exhibition- Manufacturing & Engineering North East

05/12/2024

10:00 am

Process Improvement Forum

AMF Process Improvement Group – Industry 4.0 (Digital Manufacturing) – Making Sense of the Madness

13/12/2024

12:30 pm

Making Owt

AMF Christmas Social – Sunderland City Hall

09/01/2025

9:30 am

Business Improvement Forum

AMF HR Forum – Retention is the New Recruitment