Australian trade, investment and education in Vietnam. 1 Interviews and
round tables were held with a wide variety of private and public sector
individuals and organisations acknowledged at the end of this narrative.
This report is based on those views and sources consulted as listed in the footnotes and Appendix.
- As credit growth has slowed,
vulnerabilities in the financial sector have come to the fore. The
authorities have begun to tackle several small weak banks that are
experiencing a liquidity squeeze;
- State owned enterprise reform
is needed to reduce risks to the financial sector and public finances,
and to improve growth prospects in the medium term. The authorities are
initiating reform measures, but progress is slow and will likely remain
modest in the lead-up to the 2016 Party Congress;
dissatisfaction is widespread but not yet at a critical stage. Upper
middle class emigration and labour exports have acted as a safety valve;
- Education, particularly in-country vocational education and trades training in partnership with industry has a bright future;
prospects for increased exports of Australian primary products,
processed foods, low to mid-market focussed retail franchises and
professional services related to the urban landscape (architectural,
engineering, software design etc.) and an embryonic mining sector are
- Health services, medical devices, e-health may flow from government investment and growing middle class demand;
are opportunities to invest in improved agricultural productivity –
yield and seed varieties including environmental mitigation products and
services, the onshore processing of coffee, cashews, pepper and
- Infrastructure opportunities, notably transport design
and engineering services, are largely predicated on foreign company
- Corruption remains a serious problem and
business needs to understand fully the implications of exporting to and
operating in Vietnam.
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