Regional integration and bilateral trade growth are driving Vietnam's ambitions to become a major transport and logistics hub, though existing port infrastructure will need to be better leveraged to achieve the country's goals.
The central city of Đà Nẵng topped the Provincial Competitive Index (PCI) for the third consecutive year in 2015, among 63 provinces and cities nationwide.
Economists have urged authorities in the Cửu Long (Mekong) Delta to create a start-up environment and encourage business incubations to take full advantage of the ASEAN Economic Community (AEC) and Trans-Pacific Partnership (TPP).
The localisation rate in Việt Nam - the percentage of a product locally made - is too low as the number of Vietnamese part supplying businesses accounted for only three per cent of the country’s total, Phan Đăng Tuất, former director of the Institute for Industrial Policy and Strategy said.
Vietnam is expected to remain one of the fastest growing emerging markets (EMs) as the country’s economy is likely to grow at over 7 percent and above in 2016 and 2017, said Qatar National Bank (QNB)
Vietnam’s rapidly expanding textile industry has every chance of becoming the world’s leading textile producer within the foreseeable future, according to an industry insider.
According to this European Chamber of Commerce’s (EuroCham) annual White Book on Trade, Investment Issues and Recommendations, foreign investors saw Vietnam as a key center to provide goods and services for the region.
The Vietnamese economy will remain stable in 2016 with a growth rate of 6.7 percent, followed by a modest slowing of growth to 6.5 percent in 2017, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2016” report, released on March 30.
For years, Việt Nam, as a developing country, has tried to reform its legal framework for investment to make it consistent with a market economy.
With the effective date of a tightened policy on foreign currency lending drawing near, banks in Vietnam are taking measures to keep borrowers from turning their backs on them.
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