Markets
Vietnam
Chosen as our base for engineering, product development, testing and validation.
Market Context
Vietnam’s growing industrial capabilities and ambition in advanced technology are strengthening its place in the global economy. For Gustav, the country brings together engineering talent, deepening manufacturing know-how and the practical resourcefulness needed to turn designs into working products.
Years of work on the ground have made Vietnam central to Gustav’s development. Working alongside local specialists and operating partners, we bring hardware and software together, test them in real - and sometimes rather rough - conditions and carry those lessons back into each new design.
Gustav aims to contribute by transferring engineering skills and know-how, developing local expertise in advanced, security-critical technologies and strengthening domestic manufacturing capabilities. Our ambition is to play our part in making Vietnam a globally competitive exporter of technology products developed and built at home.
Market Indicators
Swipe horizontally to compare all columns.
| Indicator | 2015 | 2025 | 10-year change |
|---|---|---|---|
| Population | 92.23 million | 102.3 million | +10.1 million / +10.9% |
| Fertility rate | 2.10 children per woman | 1.93 | -0.17 / -8.1% |
| Median age | 29.2 years | Approximately 33.4 years | +4.2 years |
| Annual electricity | Supply: approximately 164.3 TWh | Supply: estimated 322.8 TWh | Approximately +96%, equivalent to 7.0% annualised growth. |
| International visitor arrivals | 7.94 million | Nearly 21.2 million | +13.3 million / +167% |
Sources include Viet Nam National Statistics Office, EVN, Vietnam tourism statistics, and Natural Earth map data.