SPOTLIGHT ON VIETNAM
According to PWC's World Report, by 2050 Viet Nam could be among the Top 20 economies in the world and Top 10 in Asia. The average real GDP growth of Viet Nam could reach 5.1% p.a. between 2016 and 2050.
Going forward, the following growth engines are expected to enhance opportunities for investors in Viet Nam:
- Young and growing workforce: Viet Nam has a growing educated workforce and is now in a period of golden population structure, where 45% are under 30 years of age.
- Competitive economy, beyond low cost: By and large, the labour force in Viet Nam is cost-competitive, educated and increasingly skilled. This offers greater value and serves as an ideal production base for companies thinking of shifting or diversifying out of larger economies such as China.
- Government committed to growth: Viet Nam has a stable socio-political environment and hence predictable policies in business and trade. The government is also committed to creating a fair and attractive business environment for foreign investors
Market Entry Consultancy
Renee Kha, Managing Director