Other Industry Sectors

Health Supplements in Vietnam The health supplements (also known as functional foods or dietary supplements) sector is one of the fastest growing food sectors over the past decade, with an average annual growth rate of 20%. In 2015 total market value was approximately $1.1 billion. Foreign brands tend to be positioned in the premium segment […]

Agribusiness in Vietnam Agriculture continues to play a considerable role in Vietnam’s transition to a market-based economy, despite its shrinking portion in GDP (18.1% in 2015, compared to 16.1% in 2014). Vietnam’s strength in agricultural output is built upon a large rural base where farm and agribusiness labor accounts for 44.3% of the workforce and […]

A couple of years ago, foreign investors expected a surge in healthcare demand in Vietnam. This was because Vietnam has a growing population and rising incomes. However, this surge didn’t really materialize. Part of the problem was that the Vietnamese weren’t willing to spend a lot of money on healthcare, there was a lack of […]

The rapid growth of Vietnam’s export-oriented manufacturing sector has boosted demand for logistics services. However, the local logistics sector has largely failed to fully meet demand. As a result, many enterprises are now looking for the opportunities to join the sector.The Word Bank in late 2015 forecast economic growth of 12 percent by 2020 with […]

  Vietnam’s growing economy has greatly strengthened the development of the ICT (Information Technology & Communication) sector, especially as Vietnamese firms are increasingly integrated into the global economy. The ICT sector continues to be a key growth priority of the Vietnamese Government. Access to and adoption of ICT has been considerably high in Vietnam over the past decade. Improved telecommunications […]

Vietnam’s retail sales have grown dramatically over a long period of time, maintaining a 5-year CAGR of 17.6% (2010-2015) despite the economic slowdown in these years, to reach almost US$110bn in 2015. In particular, modern retail is growing extremely fast, though notably in big urban areas, and is taking up an increasing portion of total […]

Education always plays a central role in Vietnamese culture and society. Vietnamese people believe that virtues are attained through learning. More parents sacrifice to ensure that their children obtain the good education. With the Vietnam’s increasing well-being, rising disposable income, young population, and the expanding emergence of high-income and middle-income classes, the demand of a […]

Vietnam pharmaceuticals market is still underdeveloped and suffers from poor regulatory and intellectual property standards. Low-cost, locally produced generic drugs as well as counterfeit products accounts for a sizeable proportion of drug consumption due to low consumer purchasing power and an under-funded healthcare system.