Speaking to Vietnam News Agency, the expert held that the world is in turmoil, and the old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labor becomes increasingly scarce. The recent ratings upgrade by S&P Global makes it likely that the country will be the next “rising star”, he said.“I believe that sustained success demands that the country’s leaders remain vigilant in planning economic and human development strategies. The investors that are now flogging to Vietnam might otherwise move on looking for greener pastures in the next Vietnam. By applying appropriate measures, Vietnam will remain an attractive destination for foreign investors,” Kraemer said.Meanwhile, Jens Ruebbert, LBBW’s Managing Director and Regional Head for the Asia Pacific region, underlined that in many ways, Ho Chi Minh City is a place of seemingly limitless promise.By applying a suitable population policy, Vietnam managed to avoid the labour crunch and have an abundant workforce.

Source: Viet Nam News July 01, 2022 14:36 UTC