Mr. Suan Teck Kin, Head of Research and Executive Director, Global Economics and Markets Research, at UOB, identified three challenges and three opportunities for Vietnam’s economy in the Trump 2.0 era.
Vietnam is poised to capitalize on the burgeoning global Halal market but stringent certification requirements, lack of awareness, and fierce competition count among the challenges.
Vietnam has accumulated experience in pandemic prevention, risk management, and crisis management over the years, which will help it overcome the difficulties in 2023.
According to Tech in Asia, the level of technology adoption in agriculture is still low in Vietnam because of a lack of capital. Only a few startups have raised capital externally.
Having applied a national multi-dimensional poverty line in 2015, Vietnam has been a pioneer in the Asia-Pacific region in applying the line as a tool for targeting and monitoring poverty and policy formulation. However, the poverty that exists among ethnic minorities and people living in some coastal and island areas is a challenge for Vietnam in achieving the sustainable development goals.