Thanks to a stable investment environment, high economic growth, large domestic market, and young labour force, the country remains an enticing market for foreign investors,. The latest World Bank Taking Stock bi-annual economic update predicted that Vietnam’s economy can grow by 5.5% in 2024 and increase to 6% in 2025. The country’s exports are recovering, and consumption and private domestic investment are growing more gradually. Meanwhile, the Asian Development Bank (ADB) is more optimistic, expecting Vietnam’s economy to expand by 6.0% in 2024 and 6.2% in 2025. Strategic destinationNot only international organisations but many foreign businesses have also made positive assessments of Vietnam’s economy.

Source: VietNamNet News May 19, 2024 20:11 UTC