Variety in Vietnam
January 1, 2009
Country offers diverse opportunities for project shipments
Infrastructure projects provide some of the most promising areas for U.S. exports to Vietnam, according to the Commerce Department’s U.S. Commercial Service.
The major industry sectors for project logistics activity in Vietnam are road and port construction; power generation, including hydroelectric, thermal, wind and coal-fired plants; mining, refining and petrochemical expansion; and steel plants, said Lim Siew Hua, regional general manager for BDP Project Logistics for Vietnam and Singapore.
Vietnam’s oil and gas sector is the fourth-largest in Southeast Asia and accounted for $8.8 billion in exports in 2007, about 12 percent of the country’s gross domestic product. Between 1988 and 2008, Vietnam signed 58 gas exploration and production contracts with foreign firms.