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With a population of 88.8 million, Vietnam is the 13th most populous country in the world. Economic reforms introduced in the 1980s have helped this Communist country achieve significant economic growth including a doubling of the size of its middle class during the past five years.
Foreign direct investment (FDI) in Vietnam was virtually nonexistent a decade ago, according to a report by the U.S. Department of State. However FDI has accounted for 8.3% of GDP during the last five years. Vietnam is on most lists of attractive emerging markets for foreign investors as per Economic Intelligence Unit Survey Reports (2010).
Upon opening its economy in 1986, Vietnam attracted investment and pursued growth based on its low wage rate. Manufacturing and processing attracted the lion's share of FDI, reaching $11.7 billion or 71% of the country's total capital. Much of the FDI flows into Vietnam from more developed Asian countries including Japan, Singapore and South Korea. Its exports markets include the EU, USA, ASEAN, Japan, China and South Korea. Industry and construction are the largest sectors for international investment. Some of the segments that have significant FDI inflows in recent years include banks, property and infrastructure. Other strong sectors include oil and gas, fisheries, forestry, transportation, communications, and hotels and tourism.
China remains the most popular destination for foreign direct investment in the world, attracting almost $83 billion in 2012 alone. However, a growing number of multinational companies are pursuing a strategy that is referred to as a China Plus One policy. Companies are using China Plus One to mitigate the risks of over dependence on factories in one country.
Multinationals Enter Vietnam
Vietnam has become a location of choice for multinational corporations to expand their manufacturing capabilities in electronics and semiconductor sectors. Companies such as Intel, Foxconn and Compal have built their largest plants in Vietnam. In 2012, Vietnam licensed 1,100 new projects and approved 435 existing projects registering to increase capital, bringing the total value of the newly licensed and added capital to $13 billion, equivalent to 84.7% of last year's total.
As of December 2012, the country is home to 14,522 valid foreign invested projects with capital totaling $210 billion. Manufacturing and processing are the most attractive industries to foreign investors. By December 15, 2013, 98 countries and territories had invested in 14,489 Vietnamese projects with a total registered investment capital of $213.6 billion. Japan was the largest investor in Vietnam, accounting for 13.6% of the total registered capital.
Some of the multinationals who have invested in Vietnam include:
* Cannon is no longer building or expanding factories in China, but it is doubling its workforce at a printer factory outside Hanoi to 8000.
* Nissan is expanding a vehicle-engineering center.
* Bridgestone Corporation, the world's largest tire maker, has established manufacturing in this country.
* Hanes Brand, the underwear maker company based in Winston-Salem, North Carolina, and Texhong Textile group from Shanghai are each setting up two new factories in Vietnam.
* Anheuser-Busch, Starbucks, KFC, GE, Nike and Intel have all invested in Vietnam.
* Several high-tech multinational corporations have established presence in Vietnam including Hewlett-Packard, IBM, Nokia, Samsung and Panasonic.
* Nokia is still the dominant player in the Vietnamese mobile market, and Samsung contributes 10 percent of Vietnam's exports.
* In year 2012, Samsung invested $11.3 billion in Vietnam and exported $12.5 billion worth of goods. Samsung's plants already provide work for 24,000 people and have created ecosystem of suppliers and subcontractors who employ more than 50,000 people.
* Foreign banks have substantial presence in Vietnam, with 50 foreign companies operating via branch offices and five wholly-owned bank subsidiaries.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 4T-46175/46368 NTN | 44.45 | 93.662 | 31.75 |
| 4T-3782/3720 NTN | 44.45 | 93.264 | 30.302 |