VET Exclusive

Vietnam needs to unlock all possible resources as it seeks to post double-digit economic growth in the years to come.

German investors are not only active in traditional sectors in Vietnam but are also expanding into emerging fields that align with the latter’s strategic economic direction.

A host of real estate projects around Vietnam have been delayed by legal issues, a recent forum heard, adding to growing housing supply shortages and skyrocketing property prices.

In the first five months of the year, total foreign direct investment (FDI) into Vietnam reached over $18.39 billion, up 51.2 per cent year-on-year. Meanwhile, Vietnam’s manufacturing sector showed signs of improvement in May, with the Purchasing Managers’ Index (PMI) rising to 49.8 points.

Though boasting their own appeal, Vietnam’s major cities have failed to compete with their regional counterparts in tourist numbers and return visitors.

The State Bank of Vietnam has introduced an action plan to ensure sustainability within the country’s financial system.