While Vietnam’s pro-investment approach has worked well to boost economic growth in the past few years, the country remains bogged down by infrastructure challenges and heavy state intervention that could weaken its growth and competitiveness if left unresolved.
Recognizing these issues, the government has implemented reforms that are likely to further liberalize the business environment and improve infrastructure in the next four years. Meanwhile, Vietnam offers myriad opportunities to companies as it gradually becomes an urbanized country supported by a young and hardworking labor force.
Multinationals should therefore be on the lookout for the following three trends in Vietnam:
Trend #1: Domestic consumption is expected to rise as the middle and affluent classes grow
Trend #2: Investment reforms and infrastructure policies will be priorities
Trend #3: The government will pursue tax reforms to raise revenue
What you will learn
- What urbanization in Vietnam means for consumer spending
- How to capitalize on investment reform and infrastructure policy trends
- How tax increases will impact business operations
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- Immediate access to the 20-page PDF report
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