The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.
Vietnam’s economic prospects for 2026 remain positive thanks to stable macroeconomic fundamentals and strong domestic growth drivers although global geopolitical tensions and trade policy shifts may pose new risks, analysts at United Overseas Bank (UOB) said in a recent report.
Vietnam speed up the disbursement of the VND350 trillion economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.
Many European businesses said Vietnam would be a feasible investment destination after the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) come into force, Helena Konig, EU chief negotiator and Deputy Director General for European Trade, said on June 28.
Deputy Prime Minister Trinh Dinh Dung asserted that Vietnam extremely values its economic cooperation with Japan while hailing efforts of the Government and businesses of Japan in maintaining their country’s position as the top investor in Vietnam in 2017 and 2018.
The year 2018 ends with several records, which are the highlights in the national economic panorama, laying the firm foundation for the country to strive to successfully implement the Resolution of the 12th National Party Congress and Resolution 142/2016/QH13 on the five-year socio-economic development plan for 2016-2020.
Vietnam must make more use of dynamic rather than static advantages to improve its efficiency in FDI attraction, said Dr. Dinh Trong Thang from the Central Institute for Economic Management (CIEM) on November 30.
More than 200 delegates gathered in Quang Ninh province’s Ha Long city on June 23-24 for the "Sustainable Economic and Tourism Development 2018" forum, during which they discussed the reality facing and solutions for green economic and tourism development in the new period, while debating the policies needed to develop tourism and the economy in a sustainable manner.
Bilateral trade between Vietnam and Ukraine showed a considerable growth during the first month of the year with Vietnam enjoying a trade surplus of US$13.8 million, an 11-fold increase when compared to the same period last year.
Industrial production of Ho Chi Minh City is forecast to see stable growth in 2018, with the index of industrial production index (IIP) to expand by 8-8.5% year-on-year.
