Page 3 - Quist Thomasen News Today

Vietnam emerged as one of the great success stories among Asian emerging economies. Vietnam found its way to thrive economically and even achieved an impressive 8.02 per cent GDP growth in 2022. The improved business environment has contributed to socioeconomic recovery and development, thus regaining the trust of the foreign business community in Vietnam.

Foreign direct investment continues to play a key role in driving Vietnam’s transition towards renewable energy via greenfield investments, as well as the merger and acquisition channels.

Garment and textile, seafood and woodwork production has slowed down as orders have dried up amid high inflation in some key export markets. - VnExpress International

European enterprises are focusing more and more on green investments to tap into fresh opportunities from Vietnam’s actions to achieve net zero by 2050, but they need legal improvements and incentives to facilitate their plans.

European enterprises are focusing more and more on green investments to tap into fresh opportunities from Vietnam’s actions to achieve net zero by 2050, but they need legal improvements and incentives to facilitate their plans.

These respondents also believed that Vietnam will be able to attract more FDI inflows by streamlining administrative procedures

Thanks to a stellar GDP growth rate and a focus on speedy modernisation, Vietnam is on track to become an Asian hub for many sectors in future decades.

CEO Talk

The domestic economy is gaining its strong growth momentum backed by a continued rise in enterprises’ confidence, promising a brighter growth landscape this year.

Foreign investors’ confidence in Vietnam remains stable amid global uncertainties.