Investment in education and infrastructure is crucial for driving long-term sustainable economic growth, fostering innovation, and improving workforce capabilities.
The domestic economy outlook has turned more positive as the recovery continues to firm up as the year progresses, which brings Vietnam back as ASEAN’s growth star, HSBC Global Research noted.
HSBC believes the potential upside risks can offset the temporary economic disruptions in Vietnam, and the country's economic recovery continues to firm up.
Vietnam was the fastest-growing digital economy in ASEAN in 2023, with potential to become the second-largest by 2030, according to a report from HSBC.