Strengths and weaknesses of Vietnam economy, with a population of 100 millions and a GDP per capita of 4300 Usd/year in 2025, according to the evaluation of the french risk committee on trade.

Strengths

• One of the fastest growing economies in the region
• Beneficiary of the US-China trade war, as well as de-risking strategies
• Large labor pool and low wage costs
• Development strategy based on upgrading production and diversification from footwear, clothing and furniture to electronics: manufacturing industry accounts for 25% of GDP
• Development of fish and shellfish production
• Dynamic tourism sector
• Strong agricultural potential
• Good endowment of natural resources, particularly metals, rare earths, and energy
• Strongly integrated into world trade (18 multilateral and bilateral free trade agreements)

Weaknesses

• Business climate gaps related to data transparency, perception of corruption and still burdensome bureaucracy
• Dependence on Chinese supply chains, particularly in the electronics sector
• Incomplete public sector reforms, with high debt levels of state-owned enterprises
• Shortage of skilled workers
• Dependence on coal (45% of energy consumed in 2022)
• Absence of large Vietnamese companies
• Insufficient infrastructure
• Growing inequality
• Fragility of the banking system
• Dependence on Chinese supply chains