🌍 Why Is the Middle East Considered a 'Gold Mine' for Vietnamese Businesses?

Date: 21:01 01/07/2025 - View: 17

On the global trade map, the Middle East—especially the GCC region, which includes six countries: UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain—is emerging as a true gold mine for Vietnamese businesses aiming to go global. Beyond its wealth, the region is rapidly transforming into a leading hub for consumption, logistics, and investment.

 

1. 💰 Massive Purchasing Power & a Rapidly Growing Young Population

Over 60% of the Middle East’s population is under 35 years old, eager to explore new products and imports—especially those with storytelling and cultural value.

The region boasts high per capita GDP: UAE, Qatar, and Saudi Arabia rank among the top nations in the world for income levels.

Consumers here prioritize quality, branding, and lifestyle-oriented products—not just low prices.

 

2. 🚀 A Market “Thirsty” for Imports

The Middle East relies on imports for 80–90% of its goods, especially in key sectors such as:

Food & beverages

Pharmaceuticals

Natural cosmetics

Handicrafts & gifting

 

Health & wellness products

Halal-certified items

While European and American brands have long established a presence, Asian products—especially from Vietnam—remain fresh and competitive, thanks to their uniqueness, cultural identity, and reasonable pricing.

 

3. 📦 Global Logistics Hub & Gateway to Africa and South Asia

Dubai, Doha, and Riyadh are among the world’s most advanced logistics and port cities, serving as ideal transit points to neighboring markets like Africa, India, and Pakistan.

The region offers:

Preferential tax policies

Free trade zones

Modern customs systems that minimize trade barriers

Startups and SMEs receive strong governmental support through business visas, flexible investment policies, and development funds.

 

🕌4.  A Culture that Values Spirituality, Gifting & Respect

Middle Eastern culture places high value on personal relationships, and gifting is an essential part of doing business.

Products that are meaningful, handcrafted, and culturally rich are preferred over mass-produced industrial goods.

This makes the region an ideal market for Vietnamese products such as:

Artisan tea

Essential oils

Ceramics

Artistic paintings

Cultural gifts

 

5. 🧭 A Golden Moment to Enter the Market

The Middle East is actively diversifying its economy (e.g., Vision 2030), reducing reliance on oil and moving toward consumption, services, technology, and green products.

Countries like the UAE and Saudi Arabia aim to become global centers for innovation and consumerism—opening doors wide for international businesses.

🎯 Conclusion: If You Don’t Move Now, You’ll Miss the Golden Wave

The Middle East is more than just a market—it’s a long-term strategy for Vietnamese brands to assert their identity, elevate their global presence, and expand internationally.

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