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Vietnam Overview

Vietnam is a densely populated developing country and is one the fastest growing economies in the South East Asia region. With a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency and a strong manufacturing sector, the country is committed to continuing its global economic integration.

The country is also heavily reliant on agriculture and has grown to lead in production and export of several commodities, especially rice, coffee, rubber and sea products. Vietnam’s large population and increasing foreign investments have also made the country an important production centre for the textile industry, as well as for electronics.

Vietnam’s top export partners are USA, China, Japan and South Korea.

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 1,000 professionals on Advisory Boards in Vietnam.

Vietnam’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Vietnam. As an emerging sector, advisory board professionals may have opportunities in key sectors including – agriculture, energy and textiles – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Vietnam, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 96.46m Labour Force by occupation
GDP  261.9bn (USD) Agriculture 40.3%
Industry 25.7%
GDP by sector Services 34%
Agriculture 15.3%
Industry 33.3% Global ease of doing business rank 70th
Services 51.3% Global ease of doing business score 70.8/100
Imports 266.066bn (USD)
Export 248.953bn (USD)

 

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