Vietnam Economic Analysis :
News
-
Vietnam’s Journey to Industrialization: The US Connection
After the end of the war between Vietnam and the US in 1975, the Southeast Asian nation was in a desperate situation. Even 15 years later in 1990, Vietnam was the poorest country in the world, with a GDP per capita of US$98, behind Somalia and Sierra Leone. Today, growth and optimism can be felt everywhere from Quang Ninh at the Chinese border to Ca Mau in the deep south. Vietnam’s ambitions are enormous. It wants to join the club of industrialized nations by 2045. That no longer seems unrealistic, writes Andreas Stoffers.
-
Institutional reform to enhance Vietnam's economic resilience ahead of new challenges
The German Supply Chain Due Diligence Act mandates responsible supply chain management for German companies, influencing EU-Asian trade and advising Vietnamese businesses and authorities to align with global sustainability standards. Prof. Dr. Andreas Stoffers (FNF Vietnam) and Ms. Lanh Huyen Nhu (AHK Vietnam) spoke with Vietnam Investment Review (VIR) on the various opportunities and challenges posed by the new law in Vietnam.
-
Neighbouring real estate wobbles and their impact on Vietnam
For many foreign investors, the two neighbouring countries of Vietnam and China seem to be similar in terms of their socioeconomic and political structure. Thus, investors exercising caution with the Vietnamese market. Prof. Dr. Andreas Stoffers, Country Director of the Friedrich Naumann Foundation in Vietnam, outlined his thoughts to the Vietnam Investment Review (VIR).
-
Bond mobilisation needed for Ho Chi Minh City infrastructure
To realise its ambition of becoming Southeast Asia and Asia’s leading hub in multiple sectors, Ho Chi Minh City must bolster its infrastructure. With the city’s budget only covering 30-40 per cent of infrastructure costs, amidst an economic slump, there is an urgent need to devise strategies to entice international financing, potentially through bonds. A future financial centre could also be instrumental in this endeavour.
-
Vietnam: Unlocking More Opportunities to Attract U.S. Investment
Over the past few years, American companies have been actively investing in Vietnam, with a consistent rise in the number of projects and registered capital. In the first half of 2023 alone, U.S. investors contributed over $405 million, ranking 8th among countries and territories investing in Vietnam. Businesses are looking at Vietnam as a destination for development and opportunities. Vietnam should take this opportunity to welcome more "eagles" from the U.S. to add a decisive boost to their long-term economic growth goals.
