Many experts concur that Vietnam stands poised to reap significant benefits from the diversification and hedging of global supply chains, commonly known as the China+ Supply Chain Strategy. Notable instances of this trend include LEGO, a Danish consumer brand, which made the largest foreign direct investment in Vietnam in 2023. LEGO is just one among numerous European businesses consistently choosing Vietnam for their investments. Have you explored the promising landscape of investment opportunities in Vietnam?
Vietnam boasts a sizeable, youthful, and expanding workforce that continues to enhance its skills and capabilities. With robust urbanization and a burgeoning middle class, the country’s demographics provide a substantial tailwind for its economy in the upcoming decades.
Despite these positive aspects, challenges have emerged in Vietnam’s developmental trajectory. A recent soft spot, attributed in part to global macroeconomic factors and internal issues such as a real estate bubble, has posed challenges. However, we believe that Vietnam has reached a turning point and anticipate a resurgence in growth in the coming years, contributing to a highly positive medium-term outlook.
Do you have a well-defined Vietnam strategy? Recognizing its importance, we are ready to assist you in formulating a strategic approach.
For a comprehensive understanding of Vietnam and its future, I highly recommend a book by my friend and genuine Vietnam expert, Brook Taylor: https://www.amazon.com/Vietnam-Asias-Rising-Brook-Taylor/dp/6162152014
Additionally, staying informed about Vietnam’s evolving situation is crucial. The monthly macroeconomic updates from VinaCapital serve as an excellent reference point: https://vinacapital.com/news-insights/
