Vietnam geopolitics and maps
Vietnam’s geopolitical importance counts, in which three factors play important role:
– Long coastline on the South China Sea that is a major shipping route and holds the significant oil and gas reserves, not to mention notable fish supplies. However, China has its claims on Vietnamese waters that could start a serious dispute, including the Philippines. Also Japan, South Korea and Taiwan do not wish to see Chinese dominance of the South China Sea, because this could theoretically interfere with their shipping. Vietnam plays an important role.
– The Southeast Asian three most populous countries – Vietnam being one – are seeking to counterbalance Chinese influence in the Asia-Pacific region. Vietnam has some degree of political and economic influence in the area, especially in Laos and Cambodia. The future shows how Vietnam operates with China, Russia and the USA, which influences strongly to geopolitics of the area.
– Vietnam has huge economic potential and large population. Vietnam’s geopolitical importance has also gained by its rapid economic growth, especially as an attractive investment destination. Japanese, South Korean and Western multinationals may favor Vietnam as an alternative to China, but mainly because Vietnam offers competitive labour costs.
Over 92 million people country with a fast growing economy. Young, educated, hard working and easy-to-train workforce, yet affordable, numbering up to 50 million people.
Ease of access improving continuously and a member of WTO. Vietnam will soon sign the FTA (Free Trade Agreement) with the European Union.
Vietnam is expected to be among the world’s 20 largest economies in the future and one of the strongest economies in the world. The country’s age distribution is young and gaining increasing access to high quality educational opportunities. The country is also a member of the Association of Southeast Asian Nations (ASEAN) being a huge market area with a population of 600 million and GDP of about EUR 1690 billion (milliard).
Many of the high-tech companies are moving to Vietnam that has technically talented local workforce and favorable investment environment. Vietnam’s labor costs are about half in comparison to China. General business costs in Vietnam are among the lowest in the area.
Vietnam also has a fast developing high-tech industry that already in 2009 grew larger in export proportion than compared to crude oil. Today, the high-tech and other high-end quality production – including software and services – is taking proportions from all other exports. This suggests that Vietnam may well be one of the most advanced technological countries in the future.
Vietnam’s capitol is Hanoi but the financial and business center undoubtedly is Ho Chi Minh City or Saigon as it is still often called. In HCM City, there are vast building projects underway, new high-end residential areas are constructed together with office buildings. A new metro line will serve commuting between the luxury apartment complexes and the vibrant business center of the city.
Vietnam’s other business / investment opportunities are in the surroundings of Hai Phong, Danang, Hue, Nha Trang, Vung Tau and Can Tho. On the maps below you can compare the cities to provinces.