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Trade Mission to Vietnam & Thailand
Vietnam
Vietnam presents an exceptionally attractive market for exporters. The country is supported by its rapidly growing middle class, broad network of trade agreements, strong and sustained GDP growth, youthful labor force, and stable political environment. Along with a population of 102M people, nearly half under the age of thirty, these factors are fueling a dynamic, fast‑evolving commercial landscape that offers significant opportunities. In 2024, Vietnam was the United States’ 29th largest export market, with exports valued at $13B and representing an increase of 33% over the previous year. Virginia exports to Vietnam in 2024 were valued at $200M and were ranked 25th largest, representing an increase of 14% over the previous year.
Top opportunities for Virginia exporters to Vietnam include:
- Agriculture
- Aviation
- Defense and Security
- Education and Training
- Environmental Technology
- Franchising
- Healthcare
- Information and Communication Technologies
- Power Generation, Transmission, and Distribution
Thailand
Thailand is an upper middle-income country and has the second largest economy in Southeast Asia. With a population of 72M people, and a GDP of $527B, Thailand’s economy showcases steady growth and diversification. Accelerated spending on government-supported megaprojects is expected to boost its economy and improve infrastructure networks through public investment and public-private partnerships. Megaprojects include investments in road, railway, sea, airports, and a dry port for container projects. In 2024, Thailand was the United States’ 24th largest export market, valued at $18B and representing an increase of 15% over the previous year. It was Virginia’s 29th largest export destination, with a value of $145M in exports and
representing a 12% increase from the prior year.
Top opportunities for Virginia exporters to Thailand include:
- Agriculture
- Aviation
- Defense and Security
- Education Services
- Energy
- Medical Devices and Technology
- Telecommunications
Registration Deadline
Contact
Frequently Asked Questions
Based on past trade missions, we expect 6-10 Virginia companies to participate. The registration process is ongoing until the trade mission is full or the registration deadline has passed.
The trade mission participation fee is $3,500 per company. The participation fee includes the following:
- Identifying, contacting, and pre-qualifying local distributors, representatives, and/or partners, and organizing your meetings with interested prospects
- A “Doing Business In” briefing on the market(s)
- Your VEDP Trade Mission Leader and in-country consultant on hand during the week to ensure everything runs to plan
- Interpreter (if needed)
All travel expenses, such as airfare, hotels, meals, and individual ground transportation, are paid directly by each participant.
In most cases, you will be traveling independently to the locations of the local companies with which you are meeting. Because most appointments will be held at the companies’ locations, travel and other logistics may prevent each delegate from having a minimum of 3-4 meetings each day of the trade mission.
For travel between meetings, our consultants will recommend the most effective method of transportation. This will likely be a local car/driver.
If required, interpreters will be provided for meetings and are included in your registration fee.
Airline tickets: You book (and pay for) your own airline ticket via a local travel agent or a travel website. If you do not have a travel agent, the Trade Mission Leader can recommend one for you.
Hotels: VEDP will recommend a hotel in each trade mission destination. Each participant is responsible for making their own reservations and paying their own hotel costs. We recommend that all participants stay at the same hotel in order to facilitate logistics and to encourage networking with the group.
Contact your local International Trade Manager or the Trade Mission Leader immediately! We only want you to make the trip if we think there is good market potential for your company. We can perform exploratory market research within a short period of time to verify market potential for you.