 (Photo: VNA) |
Bain & Company has released a survey showing that Vietnam was leading the way in attracting long-term investors in Southeast Asia. The survey showed that investors believed that investment activities in Vietnam would increase by 83 per cent in the 2025 – 2030 period, compared to now.
Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Vietnam at 6% in the second quarter of 2024 and for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts.
The economic growth in the second quarter will edge up to 6% from 5.66% in the first quarter.
For the full year, UOB maintained the previous forecast at 6%. Inflation will be controlled at 3.8%.
In 2025, UOB expected the Vietnamese economy to grow at 6.4%
Other recent economic indicators for Vietnam also affirm positive outlook for the Vietnamese economy.
The realized foreign direct investment rose 7.8% to reach 8.3 billion USD in January-May, the fastest pace since 2018.
In the "Vietnam at a glance" report released this week, HSBC identified Vietnam as the fastest growing digital economy in Southeast Asia in 2023 and has the potential to become the second largest digital economy. by 2030.
With great interest in the digital economy and a population of more than 100 million people with a working age rate of nearly 70%, Vietnam has strong potential for digital technology consumption.
Malaysian website The Star said that the wave of innovative startups in Vietnam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors. The article says Vietnam is currently the third pole in the Southeast Asian start-up golden triangle, along with Singapore and Indonesia; having the perfect combination of leading technology talent, and an existing innovation culture, which is highly attractive for global investors.