Holland & Vietnam

The Netherlands is the biggest European investor in Vietnam  

 

Economic relations

 

 

  • Since 2008, the Netherlands has intensified its cooperation with Vietnam on water (water management, storage and purification), agriculture, the maritime sector (inland waterways, maritime infrastructure, piloting services and shipping surveys), oil and gas transport and logistics. The Netherlands is the biggest European investor in Vietnam.

 

 

  • Dutch exports to Vietnam are growing, although trade remains relatively limited. The main exports from the Netherlands to Vietnam are food, vehicles, machinery (electrical devices) and chemical products (medicines). The main Dutch imports are foodstuffs, shoes, clothing, furniture and machinery (electrical devices).

 

 

  • The Netherlands and Vietnam are taking joint action on water management in Vietnam. Dutch expertise is being used to develop a Delta Plan for the Mekong delta. The Netherlands is also helping to make Ho Chi Minh City more climate-proof, mainly by moving the port out of the city and closer to the sea.

 

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Political relations

 

 

  • The Dutch were trading with central and northern Vietnam as early as the 17th century. The Dutch East India Company (VOC) established a trading post in Hoi An in 1632, and another in what was then Pho Hien (between Hanoi and Haiphong) in 1637.

 

 

  • In 1973 the Netherlands established diplomatic relations with North Vietnam, which applied to the whole country following reunification with South Vietnam in 1976. In 2013 the Netherlands and Vietnam are celebrating 40 years of diplomatic relations.

 

 

  • The Netherlands has an embassy in Hanoi and a consulate-general in Ho Chi Minh City.

 

 

  • In 2011 Prince Willem-Alexander, Princess Máxima and a large delegation of Dutch companies paid a visit to Vietnam. In that same year the Vietnamese prime minister visited the Netherlands. He was received by Queen Beatrix and had a number of meetings, including with Prime Minister Mark Rutte, the Minister of Foreign Affairs and the Minister of Economic Affairs, Agriculture and Innovation. The talks covered matters such as economic relations and cooperation on water and climate change.

 

Development relationship


 

  • From 2008 onwards, aid was targeted more at businesses in Vietnam, improving agricultural production, water management and adapting to climate change.

 

 

  • Since 2012, the Netherlands has continued to stimulate the Vietnamese economy through a number of programmes. One example is the Private Sector Investment Programme (PSI), a government programme to support innovative investments in emerging markets. Another is the Infrastructure Development Facility (ORIO), which provides grants for renovating and building public infrastructure in developing countries.

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   See also:

 

    Vietnam – Overview

 

    Vietnam's Economy

 

    Healthcare & Vietnam

 

Our Services

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    Vietnamese companies in NL/ Europe
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    Value Added Tax (“VAT”) and Customs are typically the two main tax areas that overseas corporations will be impacted when starting their business in Europe.
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    Typically, overseas companies, when starting their business in the Netherlands, would prioritize their overseas’ resource to generate sales in the Netherlands and/or Europe.
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