Clifford Chance

View from Vietnam: Challenges and opportunities for foreign investors

6 February 2014

“Everyone worked for the state when I was a child, but that’s all changed now,” says Nguyen Hoai-Anh, CEO of Amigo Investment Holdings, which is rolling out an electronic payment system across Vietnam’s postal network in conjunction with state owned VN Post. Hoai-Anh has seen Vietnam go through remarkable changes following the “Doi Moi” economic reforms of 1986. The private sector has emerged in its own right and in partnership with the government across a range of sectors and western brands including BMW, Starbucks, Dior and Gucci have set up shop, seeking to tap into the surge in middle income consumers which have flowed from a growth rate averaging above 6% since 2008.

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