More and more Vietnamese in Canada are now discussing investment and business cooperation opportunities in their homeland, bringing home not only capital but also expertise and business networks.
Australia’s East Asia Forum commended Vietnam as an economic development model, crediting the new leadership for pushing hi-tech innovation, mega infrastructure and institutional reforms.
Although Vietnam’s growth has slowed down amid global economic crises, he country is showing stronger performance than the majority of others in the world and continuing to be an attractive destination for foreign manufacturers, according to insiders.
After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to an HSBC report.
After a strong performance in 2022, Vietnam’s economic growth is expected to moderate at 6.5% this year and further expand at 6.8% in 2024, according to Asian Development Outlook (ADO) released by the Asian Development Bank (ADB) on April 4.
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance.
The World Bank (WB) released a report on May 27, offering policy recommendations to help Vietnam maintain quality growth through more dynamic firms, more efficient infrastructure, skills, and a move toward a greener economy.
