International highly appreciates the prospect of Vietnam’s economic recovery

Overview of the economy, industrial production, services, to investment attraction…. all received positive reviews.

World Bank recently published the edition of “Vietnam Macroeconomic Update” in March this year. Data showed economic activity in the country continued to recover, with industrial production up 8.5% and total retail sales of consumer goods and services up 3.1%.

The World Bank commented Vietnam economy “shows resilience and is recovering”. However, the financial institution also warned of an increased risk due to the high number of Omicron variant infections and the Russian-Ukrainian conflict affecting the global economic recovery.

The British website Asian Investor quoted experts as saying that Vietnam is ready to rise strongly after the COVID-19 pandemic and gradually become a destination of interest for foreign investors.

“We wouldn’t be surprised if Vietnam’s GDP grows by more than 7% this year given factors such as a recovery in consumption, the possibility of a full reopening to foreign tourists, and the newly announced stimulus package.” approved,” said Mr. Jason Ng – CEO of VCG Partners.

The paper highlights the important economic drivers of industrialization with the support of foreign direct investment (FDI), and the explosion of a middle class that fuels an increase in domestic consumption.

The Star newspaper of Malaysia published an article titled “Vietnam is the leading investment destination for industrial real estate”.

This is possible thanks to preferential policies, competitive labor costs, a stable political environment, signed free trade agreements and a golden population structure with 60% of the population being very young.

“FDI businesses have been waiting for two years now to invest in Vietnam. The reopening will make a big difference. I am confident that there will be a wave of FDI investment pouring into Vietnam not only. in the next few months, but will grow steadily for many years to come”, said Mr. Bruno Jaspaert – General Director of DEEP C Industrial Park Complex, Hai Phong.

Experts say Vietnam will maintain its position as one of the best investment destinations for industrial real estate in Southeast Asia in the next 10 years and beyond.

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