Join Greater Seattle Partners (GSP) to visit Hanoi and Ho Chi Minh City, Vietnam this spring. Sponsored by the Association of Washington Business (AWB), the week-long trip, April 17-24, will feature briefings at the U.S. Embassy in Hanoi on Vietnam’s politics, economics, culture and agriculture. The trip will also feature briefings from Vietnam’s Ministry of Trade & Industry and Ministry of Agriculture. Delegates will have the opportunity to participate in B2B meetings and factory tours. For more information on pricing and reservations, contact Carly Michael at carlym@awb.org. Deadline to register is February 17, 2020.

Why Vietnam

Business & Economy

Top 20 customer of Washington state merchandise exports (2018)

Washington state exports valued at $900 million+ (2018), more than double the previous year

Top-five state merchandise export market: agriculture, food manufactures, waste and scrap, paper, and computer and electronic products

Top-ten market for U.S. food and agricultural products;fastest growing market in the top ten

Fastest-growing middle and affluent class in the East Asia region, with young consumers who are among the most optimistic in the world

Vietnam ranked 8th for imports to Washington (2018)

Foreign Direct Investment (FDI)

FDI exports of $175 billion (US) accounted for 72 percent of total exports in 2018

Attracted $19.1 billion (US) in FDI, a 9.1 percent increase from 2017

FDI in Vietnam in the first five months of 2019 reached a four-year high of $16.74 billion (US)

Nearly 1,400 new projects licensed with a total registered capital of $6.46 billion (US), January – May 2019, up 38.7 percent compared to same period 2018

Out of 19 sectors receiving capital, manufacturing and processing received$10.5 billion (US), accounting for 72 percent of total FDI,  followed by real estate with $1.1 billion (US), and retail and wholesale sectors with $742.7 million (US)

Hanoi & Ho Chi Minh City

Total population in Hanoi and Ho Chi Minh City has reached nearly 17 million

Ho Chi Minh City is the largest city in Vietnam with a population of approximately 9 million

Ho Chi Minh City is Vietnam’s economic and financial center, accounting for approximately one-third of the country’s GDP

Hanoi is ranked #15 in the top 25 world destinations, (2019 Trip Advisor Traveler’s Choice Awards)

Sources

In The News

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