VNM · snapshot 2026-08-09
Viet Nam
MediumOverall risk score
42.9
Percentile of scored universe
44th
Data coverage
96%
vs Australia (16.1)
+26.8
Category breakdown
Political Stability & Governance
High6 indicators · 100% coverage
Economic Resilience
Low7 indicators · 100% coverage
Financial & Currency Risk
High5 indicators · 100% coverage
Business Environment
Medium4 indicators · 100% coverage
Security & Crime
Medium3 indicators · 80% coverage
Climate & Social Compliance
High4 indicators · 100% coverage
Technology & Digital
Medium4 indicators · 100% coverage
Cultural Distance
Insufficient dataInsufficient data · not in overall score
Key risks and considerations
Viet Nam rates Medium for market entry — an overall risk score of 42.9, less risky than 56% of rated economies and 27 points riskier than Australia.
The main risk drivers are pervasive organised crime (6.6/10) and weak civic voice and accountability.
Relative strengths: inflation, DFAT smartraveller advisory level, GDP growth all rate Low, the least-risky rating band.
Possible mitigations
- Organised crime. Expect extortion, counterfeiting, and cargo-theft exposure: harden supply-chain security, vet logistics partners and distributors carefully, and avoid cash-heavy channels.
- Banking friction. FATF-listed jurisdiction: expect enhanced due diligence, slower cross-border payments, and possible correspondent-banking gaps — keep KYC documentation impeccable and allow longer settlement times.
- Payment fraud. Experts nominate this market as a cybercrime origin (World Cybercrime Index, 2021 survey): verify any change of bank details out-of-band, enforce MFA and dual authorisation on payments, and be sceptical of unsolicited counterparties.
Generated automatically from this snapshot’s indicator data — a starting point for analysis, not advice.
Indicators
| Indicator | Value | Risk score | Rating | Australia | Data source year | Source |
|---|---|---|---|---|---|---|
| Political Stability & Governance | ||||||
| Voice & accountability (WGI) | 37.6 | 78.8 | Very High | |||
| Government effectiveness (WGI) | 49.5 | 52.4 | High | |||
| Regulatory quality (WGI) | 50.7 | 57.3 | High | |||
| Rule of law (WGI) | 51.6 | 56.8 | High | |||
| Control of corruption (WGI) | 42.8 | 51.4 | High | |||
| Political stability & absence of violence/terrorism (WGI PV) | 66.0 | 51.0 | High | |||
| Economic Resilience | ||||||
| GDP growth (3-yr average, %) | 6.7% (3-yr avg) | 15.0 | Low | |||
| Growth volatility (10-yr std dev, pp) | ±2.1 pp | 19.0 | Low | |||
| Government net debt (% of GDP) | 30.3 | 35.0 | Medium | |||
| Inflation (CPI %, vs income-group target) | 3.3 | 10.0 | Low | |||
| Current account (3-yr average, % of GDP) | 4.2% (3-yr avg) | 15.0 | Low | |||
| FX reserves (months of import cover) | 2.4 months | 55.0 | High | |||
| GDP per capita (PPP, current intl $) | $18,088 | 56.5 | High | |||
| Financial & Currency Risk | ||||||
| Capital-account openness (Chinn-Ito KAOPEN) | 0.42 | 60.0 | High | |||
| Currency stability (regime-aware classification) | Pegged — one fragility flag | 65.0 | High | |||
| Sovereign credit risk (OECD country risk classification) | Category 3 / 7 | 28.0 | Medium | |||
| FATF listing (grey / black list status) | Grey list | 45.0 | Medium | |||
| Double-tax agreement with Australia | In force | 0.0 | Low | |||
| Business Environment | ||||||
| FDI regulatory restrictiveness (OECD FDIRRI) | 0.22 | 64.7 | High | |||
| Logistics performance (World Bank LPI) | 3.3 | 32.6 | Medium | |||
| Business readiness (World Bank B-READY pillar average) | 64.2 | 33.7 | Medium | |||
| Investment protection with Australia in force (BIT or FTA investment chapter) | In force | 0.0 | Low | |||
| Security & Crime | ||||||
| Armed-conflict intensity (battle deaths per 100k, 5-yr) | 0.0 | 29.7 | Medium | |||
| Intentional homicide rate (per 100k) | 1.5 | — | Insufficient data | |||
| Organised crime pervasiveness (GI-TOC criminality score) | 6.6 | 83.6 | Very High | |||
| DFAT Smartraveller advisory level | Level 1 — Exercise normal safety precautions | 10.0 | Low | |||
| Climate & Social Compliance | ||||||
| Physical climate vulnerability (ND-GAIN vulnerability) | 0.499 | 71.8 | High | |||
| Disaster risk (INFORM Risk Index) | 4.0 | 57.6 | High | |||
| Modern-slavery prevalence (per 1,000) | 4.1 | 32.8 | Medium | |||
| Modern-slavery vulnerability score | 43.9 | 40.3 | Medium | |||
| Technology & Digital | ||||||
| E-government development (UN EGDI) | 0.8 | 36.5 | Medium | |||
| Internet users (% of population) | 84.2 | 45.4 | Medium | |||
| Cybercrime origination (World Cybercrime Index) | 1.6 | 30.0 | Medium | |||
| Secure internet servers (per million people) | 5733.7 | 32.8 | Medium | |||
Per-indicator ratings are quartile bands of the 0–100 risk score. The Australia column shows the same indicator’s raw value for the Australian baseline in this snapshot.
Cultural distance
GLOBE 2004 societal practices · rated on distance from Australia · not in the overall score
Context — not scored
Unemployment
1.5%
Displayed, never scored: ambiguous for an entrant and unreliable where informal employment dominates. (2025, ILO modelled)
Trade agreement
Free trade agreement with Australia in force
Market access is decision-relevant but a benefit, not a risk — kept out of the rating.
Regional advisories
No higher regional advisory levels
DFAT Smartraveller sub-national advice where it exceeds the overall level.
Compare with
A score means little on its own. These economies scored closest to Viet Nam in this snapshot, which is the fastest way to see whether the rating is telling you something specific or something regional.