Despite failing to achieve the growth target, Vietnam is still considered a country with high growth in the region and remains to be regarded as a destination for 2024 by international investors.
Vietnam was able to report strong foreign investment attraction results for the whole 2023 on the back of efforts to improve the domestic investment climate.
In the early stages of economic reform and integration, the Vietnamese government adopted a “red carpet” strategy to attract investors by offering a variety of incentives. This approach proved to be highly effective, resulting in significant achievements in investment attraction.
The diplomatic sector will continue to focus on strongly developing the identity of the Vietnamese ‘bamboo diplomacy’ in 2024 by concentrating on a number of focal points, Foreign Minister Bùi Thanh Sơn told the media on the occasion of the New Year.
Thanks to hopes for a recovery in demand both domestically and in export markets, plus business expansion plans, manufacturing is forecast to increase this year, according to S&P Global.
Vietnam setting 2024 GDP growth target at over 6 percent is easily obtainable, said UNDP Senior International Economist Jonathan Pincus.
Foreign investment attraction is one of the highlights of the Vietnamese economy in the year 2023 when the world witnessed many difficulties. The arrival of technology corporations to Vietnam to explore opportunities promises a new development.
Boasting a highly-open economy, Vietnam has great potential to attract high-quality foreign direct investment (FDI) from major enterprises worldwide, according to insiders.
Over the last decade, Vietnam has experienced a remarkable surge in food and beverage consumption, which opens vast potential for many international and local brands to jump into this bandwagon.
Retail businesses are still optimistic about their prospects, with the sector predicted to reach a growth rate of nearly 130 per cent in 2024.
CT Group announced a bold proposal to the Vietnamese government on January 3 for a high-speed rail line connecting Ho Chi Minh City with Can Tho.
Vietnam’s overseas investment, including both newly-registered and adjusted capital, hit 420.9 million USD in 2023, down 21.2% from 2022, reported the General Statistics Office (GSO) under the Ministry of Planning and Investment.
As foreign-invested businesses always need high-quality human resources to apply new technologies, training skilled manpower is believed to help Vietnam attract more foreign investment.
Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world’s third-largest vehicle market.
Deloitte’s latest report reveals three key trends that encapsulate the forces shaping the consumer industry’s journey towards digital maturity.
The market of Vietnamese food delivery through apps has grown strongly in the past few years, especially during the COVID-19 pandemic.
The Vietnam Value has moved up one spot to 32nd out of 100 strong national brands globally, with its value hitting US$431 billion, according to a Government official.
After a sluggish period, the mergers and acquisitions (M&A) market is expected to rebound in 2024, with significant deals anticipated across various industries.
A new version of the ASEAN-China free trade deal, bolstered by positive impacts from other major deals, could help improve Vietnam-China trade and investment ties.
Confidence among the European businesses operating in Vietnam is showing signs of resilience as the latest Business Confidence (BCI) from the European Chamber of Commerce in Vietnam (EuroCham), conducted by Decision Lab, reached 46.3 points in the fourth quarter of 2023.