Vietnam, land of opportunities, great resources and amazing people, and exciting trends

Land of endless business opportunities, the Vietnam lures, attracts and seduces with its middle class capable to consume services.

The Vietnam is attracting market of + 90 million consumers, mostly young-dynamic people under 30.

Vietnam is a predominantly agricultural civilization based on wet rice cultivation. There is also an industry for bauxite mining in Vietnam, an important material for the production of aluminum. The Vietnamese economy is shaped primarily by the Vietnamese Communist Party in Five Year Plans made through the plenary sessions of the Central Committee and national congresses.

Manufacturing, information technology and high-tech industries steadily form a large and fast-growing part of the national economy.

Vietnam is a relative newcomer to the oil industry; it is currently the third-largest oil producer in Southeast Asia.

Belonging to the Southeast Asia region, Vietnam is now one of Asia's most open economies. Vietnam's chief trading partners include China, Japan, Australia, the ASEAN countries, the United States and Western Europe.

As a result of several land reform measures, Vietnam has become a major exporter of agricultural products. It is now the world's largest producer of cashew nuts, with a one-third global share; the largest producer of black pepper, accounting for one-third of the world's market; and the second-largest rice exporter in the world, after Thailand.

Vietnam is the world's second largest exporter of coffee. Other primary exports include tea, rubber, and fishery products.

In 2014 Vietnam negotiated a free trade agreement with the European Union, giving the country access to the EU's Generalized System of Preferences.