Vietnam Leads Southeast Asia in Attracting Long-term Investors
Last week, many international newspapers and organizations commented that Vietnam is a potential long-term investment destination.
A recent survey by Bain & Company found that Vietnam leads Southeast Asia in attracting long-term investors. News website News.cn cited this survey as saying that investors believe investment activities in Vietnam will increase by 83 percent in the period 2025 – 2030.
According to the latest forecast published this week by UOB Bank, Vietnam’s second-quarter GDP will grow by 6 percent because economic activities are on track.
The report commented that positive FDI inflows show that investors continue to believe in the political environment and the competitiveness of the Vietnamese economy.
Specifically, foreign investment flows since the beginning of the year have increased 7.8 percent over the same period to US$8.3 billion in May, the fastest increase in 5 months since 2018.
Vice President of the European Chamber of Commerce in Vietnam (EuroCham), Torben Minko, said FDI and business growth are likely to increase in Vietnam. This will help Vietnam strengthen its position in the Asian market.
In the report “Vietnam at a glance”, HSBC stated that Vietnam is the fastest growing digital economy in ASEAN in 2023 and has the potential to become the second largest digital economy in 2030.
With great interest in Vietnam’s rising digital economy and a population of more than 100 million people with a working-age rate of nearly 70 percent, Vietnam is showing strong potential for digital technology consumption in this country.
General Director of Standard Chartered Bank Vietnam, Michele Wee, said that Vietnam is becoming an important destination for the technology sector. Gradually Vietnam will no longer be just a low-cost producer but will begin to develop more capabilities to create high-quality products.
Malaysian website The Star said that the wave of innovative startups in Vietnam is developing at a “breakneck” speed, attracting the attention of many domestic and foreign investors.
The article states that Vietnam is currently the third pole in the golden triangle of startups in Southeast Asia, along with Singapore and Indonesia. Vietnam has the perfect combination of top tech talent and an existing culture of innovation and is very attractive to global investors.
