Q&A

Exports of electronics have provided huge momentum for economic growth in Vietnam. The Vietnamese government offers special incentives to lure large foreign electronics investors such as LG, Microsoft, and Panasonic. That in return has propelled electronics exports to over 12 times their value in 2004. Another industry worth noting is the garment industry which is primed for explosive growth as the signing of the Trans-Pacific Partnership opens up markets in the United States, Canada and Australia for Vietnam. As a result of a zero tariff agreed in the TPP, exports of garments to the United States are projected to more than double.