Economica
Economica Vietnam is a privately-held, Hanoi-based consultancy founded in 2005 that delivers economic research, policy analysis, development consulting, project management, and training to Vietnamese government agencies and international development organizations across Vietnam and Southeast Asia.
- Company typePrivate
- Founded2005
- HeadquartersHanoi, Vietnam
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Economica does
Economica Vietnam is a privately-held, Hanoi-based economic research and consulting firm founded in 2005, operating with a small core team of 11–50 professionals. The company delivers four integrated service lines — economic research, project management, training and capacity building, and business consulting — to Vietnamese government agencies, multilateral development organizations, bilateral donors, and business associations in Vietnam and the wider Southeast Asian region.
The firm's work is anchored in specialized analytical methodologies including Regulatory Impact Assessment (RIA), the Standard Cost Model (SCM), and the Provincial Competitiveness Index (PCI). It produces outputs such as the SME White Book, business environment assessments, EVFTA policy analyses, microfinance product designs, and SME development studies. Its delivery model does not rely on proprietary technology platforms; the asset is consultant-led research, evaluation, and training executed against commissioned terms of reference.
Economica Vietnam earns revenue primarily through professional-services commissions from international development organizations (ILO, UNDP, World Bank, ADB, IFC, UNIDO, EU, GIZ, SNV, AFD, DANIDA, APEC, OECD) and Vietnamese government counterparts (MPI, VCCI, CIEM, Government Office). Engagements are typically initiated through competitive bidding or direct commissioning, with pricing not publicly disclosed. The firm is owner-operated, with Managing Director Le Duy Binh as the named principal, and operates from a single Hanoi headquarters at Eurowindow Multicomplex, Cau Giay.
Economica firmographics
Firmographics- Name
- Economica
- Legal name
- Economica Vietnam
- Website
- https://economica.vn
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Economica Vietnam is a privately-held, Hanoi-based consultancy founded in 2005 that delivers economic research, policy analysis, development consulting, project management, and training to Vietnamese government agencies and international development organizations across Vietnam and Southeast Asia.
- Ownership category
- akta.pro rank
Economica industry classification
Industry- Product category
- Development Consulting Services
- NAICS
- Management, Scientific, and Technical Consulting Services (5416)
- SIC
- Services-Engineering, Accounting, Research, Management (8700), Services-Management Services (8741)
- akta.pro primary industry
- Economic Research, Statistics & Policy Advisory (BPADAMAJ)
- akta.pro secondary industries
- Policy, Regulatory & Public Affairs Research (BPAHALAF), SME & Entrepreneurship Development (Trade-Linked) (BPADAMAE), Economic & Macroeconomic Research (BPAHALAD)
Keywords
Where Economica is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Economica business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Development Consulting Services: Economica Vietnam generates revenue through commissioned consulting engagements with international development organizations, government agencies, and donor agencies. Services include economic research, policy analysis, project evaluations, capacity building, and training programs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Economica product offering
Product offeringCore offering
Economica Vietnam is a research and consulting firm that provides economic research, policy analysis, development consulting, project management, and training services. The firm delivers commissioned studies, capacity building programs, project evaluations, and strategic advisory services to government agencies, international development organizations, donor agencies, and business associations primarily in Vietnam and Southeast Asia.
Product overview
Economica Vietnam is a consulting firm offering integrated services in economic research, policy analysis, development consulting, project management, and training. The firm provides these four interconnected service areas: Research Services (economic analysis and policy studies), Project Management (development project implementation and monitoring), Training-Capacity Building (skills development and institutional capacity building), and Business Consulting (strategic advisory and regulatory reform support). These services work together to help clients address complex economic development challenges in Vietnam and the broader Southeast Asian region.
Differentiator
Problem solved
Functional benefit
Products and services
- Research Services Economic research services providing analysis on business environment, enterprise development, SME sector, and economic policies in Vietnam and Southeast Asia, delivered to government agencies, international development organizations, donors, and business associations.
- Project Management Project management services focusing on improving impact, efficiency, effectiveness and sustainability in development project delivery and support services for international development partners and government agencies.
- Training and Capacity Building Training and capacity building programs for enterprises, business associations, and government agencies on policy advocacy, regulatory reforms, skills development, and institutional strengthening.
- Business Consulting Advisory services including strategic management, corporate governance, corporate restructuring, and business environment reforms for private sector development, delivered to government agencies, business associations, and development partners.
Quantifiable outcome
- Contributed to Vietnam being ranked among top ten reformers in World Bank Doing Business ranking in 2010
- +1 more outcomes
Companies that use Economica
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
Economica technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Economica partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core and major.
- International Labour Organization (ILO)coreOngoing collaboration on labor market studies, informal employment research, and enterprise development programs. Economica has been commissioned for multiple ILO projects including Country Programme Reviews, industrial relations framework evaluations, and green production initiatives.
- United Nations Development Programme (UNDP)coreCollaboration on enterprise law implementation, Vietnam Business Integrity Network development, and post-MDG consultation frameworks. UNDP has commissioned multiple studies through Economica Vietnam.
- Vietnam Chamber of Commerce and Industry (VCCI)coreLong-standing partnership on business environment research, enterprise development reports, and policy advocacy initiatives including Vietnam Business Integrity Network (VBIN) and Vietnam Business Integrity Index (VBII) development.
- World BankcoreEngaged for SOE information disclosure studies, competitive industries analysis, and rural finance project evaluations. Multiple technical assistance assignments commissioned by World Bank Vietnam.
- Asian Development Bank (ADB)corePartnership on SME sector development including development of SME Performance Indicator Matrix. Economica experts contributed to ADB-supported studies on Vietnam's enterprise sector.
- European Union (EU)coreEU-Vietnam MUTRAP projects supporting trade policy capacity building. Economica has delivered training and capacity building under Eurocham coordination for business associations.
- GIZ (German Development Agency)coreCollaboration on climate change and coastal ecosystems studies, local economic development projects, and provincial governance improvement. Multiple baseline studies and evaluations commissioned.
- SNV (Netherlands Development Organisation)corePartnership on innovative financing for climate resilience in coastal Vietnam, including agricultural microinsurance development with Micro Insurance Academy. Joint implementation of community-based insurance projects.
- Micro Insurance Academy (MIA)majorJoint partnership with SNV for agricultural microinsurance project in Nghe An Province. Economica provides local expertise while MIA contributes technical insurance expertise.
- UNIDOcoreUNIDO-MPI SME Cluster Development Project partnership. Economica implements capacity building for partner business associations in SME clusters with co-funding from Italian Government.
- AFD (French Development Agency)majorAssignment to design microfinance products for People's Credit Fund system under AFD soft loan project. Development of 5 medium and long-term investment/lending products.
- DANIDAcoreMid-term reviews of Business Sector Programme, fiduciary risk assessments for Vietnam Bank for Social Policy, and rural water supply program tracking studies.
- IFC (International Finance Corporation)coreAgribusiness program support including warehouse studies and commodity collateralized financing surveys. Competitive industries global practice collaboration.
- APECmajorContributed country case studies on microfinance, HR impacts of economic crisis, and competition assessment. Participation in APEC workshops and expert meetings.
- OECDmajorContributions to OECD LEED Forum on partnerships and local governance. Participation in studies on industrial policy and corporate governance in ASEAN.
- Central Institute for Economic Management (CIEM)coreClose collaboration on enterprise law implementation, private sector development studies, and regulatory reform. Dr. Nguyen Dinh Cung has supervised multiple projects.
- EurochamcoreCoordination on EU-MUTRAP business association training programs. Joint implementation of capacity building for Vietnamese business associations on trade policy advocacy.
- AFC International ConsultantsmajorConsortium partnership for banking supervisory capacity building for State Bank of Vietnam. Combines international expertise with local knowledge.
- NHQuang & AssociatesmajorPartnership for Dak To Forestry Company corporate restructuring and FSC certification support under GTZ facilitation.
- Southeast Asia Energy Transition Partnership (ETP)majorCollaboration on energy transition studies including CMCS roadmap toward net-zero emission for state-owned enterprises.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Economica competitors and assessment
Company assessmentDirect peers
- Oxford Economics: Oxford Economics provides macroeconomic research, forecasting, and policy advisory for governments and multilaterals — directly comparable in core economic research and policy analysis services, though operating at larger scale and more globally.
- Development Alternatives, Inc. (DAI): DAI is a large international development firm implementing donor-funded economic reform, governance, and private sector development projects across Asia — competing with Economica for the same multilateral technical-assistance contracts and policy advisory assignments.
- Dalberg Global Development Advisors: Dalberg is a global development consulting firm that advises governments, multilaterals, and foundations on economic development, policy, and inclusive growth — directly overlapping with Economica on donor-funded economic and SME development mandates in emerging markets.
- Nathan Associates: Nathan Associates is an international development consultancy delivering economic policy, regulatory reform, and private sector development work — comparable to Economica in serving USAID, ADB, World Bank, and government clients on SME and regulatory reform advisory.
- Mekong Economics: Mekong Economics is a Hanoi-based economic and policy research consulting firm providing economic studies, business advisory, and policy analysis across Vietnam — directly competing with Economica for the same government, donor, and business association engagements.
Broad incumbents
- Palladium (formerly Cardno): Palladium is a global consulting firm delivering policy, strategy, and economic development advisory to multilaterals and governments — competing with Economica for donor-funded economic reform and SME/private sector development mandates across Southeast Asia.
- Abt Associates: Abt Associates is a broad-based international development and research consultancy with deep donor relationships in Asia — competing with Economica on economic policy, governance, and SME development commissions from the same multilateral clients.
- Ernst & Young (EY) Vietnam: EY Vietnam delivers economic impact and policy advisory including donor-funded development studies; competes with Economica on selected donor technical-assistance and regulatory reform mandates while operating primarily as a Big-4 advisory firm.
- KPMG Vietnam: KPMG's Vietnam practice provides economic advisory, regulatory consulting, and policy support to government and donor clients — overlapping with Economica's regulatory reform and business environment advisory work, but with much broader professional services scope.
Regional players
- Central Institute for Economic Management (CIEM): CIEM is Vietnam's lead government economic policy think tank; Economica is a longstanding partner and collaborator on enterprise law and private sector development research, making CIEM the closest institutional peer operating as a Vietnamese economic policy research body.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Economica social profiles
Digital presenceEconomica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Economica leadership team
Management profileNumber of profiles
Profiles1 record
Economica funding detail
Funding detailFunding overview
Funding rounds
Investors
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Economica M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Economica
What does Economica do?
Economica Vietnam is a research and consulting firm that provides economic research, policy analysis, development consulting, project management, and training services. The firm delivers commissioned studies, capacity building programs, project evaluations, and strategic advisory services to government agencies, international development organizations, donor agencies, and business associations primarily in Vietnam and Southeast Asia.
Is Economica a public or private company?
Economica is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Economica founded?
Economica was founded in 2005. It employs 11 to 50 people.
Where is Economica based?
Economica is headquartered in Hanoi, Vietnam, in the Asia region.
How does Economica make money?
One revenue line is on record: development Consulting Services.
Who are Economica's main competitors?
Direct peers on record are Oxford Economics, Development Alternatives, Inc. (DAI), Dalberg Global Development Advisors, Nathan Associates and Mekong Economics. Broad incumbents are Palladium (formerly Cardno), Abt Associates, Ernst & Young (EY) Vietnam and KPMG Vietnam. Central Institute for Economic Management (CIEM) is listed as a regional player.
Does Economica have an API?
No public API is recorded for Economica.
What industry is Economica in?
Economica's product category is Development Consulting Services. Its primary akta.pro industry code is BPADAMAJ, Economic Research, Statistics & Policy Advisory, with a secondary code of BPAHALAF, Policy, Regulatory & Public Affairs Research. Its NAICS code is 5416 and its SIC code is 8700.