Leaders from foreign-invested companies shared their insights with Việt Nam News reporters, discussing their expectations for Việt Nam's economic growth in 2024 and outlining their key focuses for the year ahead. Last year, the US and Việt Nam raised their diplomatic relationship to a “Comprehensive Strategic Partnership,” further cementing Việt Nam’s position in the US “friendshoring” orbit. The main caveat to all the positive points above is that Việt Nam needs to accelerate infrastructure development to maximise high quality FDI inflows. Its transportation and logistics infrastructure urgently needs to be upgraded, and foreign companies have concerns about Việt Nam’s ability to reliably supply electricity to industrial users. Well-positioned in the region with robust GDP growth, Việt Nam's economy thrived in 2023, setting the stage for future advancements.

Source: Viet Nam News February 07, 2024 13:51 UTC