Comments on: Vietnam, A Growing Population of Consumers http://talk.onevietnam.org/vietnam-a-growing-population-of-consumers/ Vietnamese American Online Magazine: Culture, Tech & Current Affairs Fri, 10 Feb 2012 03:18:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Neil Nguyen http://talk.onevietnam.org/vietnam-a-growing-population-of-consumers/comment-page-1/#comment-41 Neil Nguyen Wed, 03 Jun 2009 21:20:41 +0000 http://vnaba.org/blog/?p=363#comment-41 This large market is a potential for many industries: -Insurance -High-tech consumer products -A tremendous need for an efficient public transportation (trains, buses) Last summer, being in Vietnam, I saw many advertisement for saving & checking accounts of interest rate up to 18%. The trend to put money into bank accounts has started, even though still at a slow growth, but it's steady. This savings will definitely help many entrepreneurs to start up businesses. However, the banking regulation is still strict, where only 30% of the bank stock can be owned by a foreign bank. Vietnam now needs to construct its legal infrastructures. Also, a limited national infrastructure is slowing down growth, import and export capacity. There are lots of improvement in this area also! This large market is a potential for many industries:

-Insurance
-High-tech consumer products
-A tremendous need for an efficient public transportation (trains, buses)

Last summer, being in Vietnam, I saw many advertisement for saving & checking accounts of interest rate up to 18%. The trend to put money into bank accounts has started, even though still at a slow growth, but it’s steady. This savings will definitely help many entrepreneurs to start up businesses. However, the banking regulation is still strict, where only 30% of the bank stock can be owned by a foreign bank. Vietnam now needs to construct its legal infrastructures.

Also, a limited national infrastructure is slowing down growth, import and export capacity. There are lots of improvement in this area also!

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