The article said such growth is underpinned by diverse sectors, from high-tech manufacturing to natural resources, and bolstered by significant trade relationships, especially with the US and China.

Illustrative image.

“Vietnam's economic reforms have created a virtuous cycle: reforms spurred exports, which in turn drove economic growth, leading to increased domestic demand. This trajectory has positioned Vietnam as a dynamic and integral part of the global economy, with a domestic market that continues to show robust growth potential,” wrote the article.

It said Vietnam has grown into a well-diversified economy that strikes an attractive balance between export-led growth and growing domestic demand that enjoys robust exports in addition to a growing domestic consumer base.

Vietnam's public equity opportunity set is heavily weighted towards financials, real estate and consumer staples. In the MarketVector Vietnam Local Index, the top 10 holdings are skewed towards these sectors, and are also heavily dependent on domestic revenues. This also lends credence to the argument that the Vietnamese economy enjoys robust domestic demand.

Local Vietnamese stocks, meanwhile, have outperformed broad emerging markets benchmarks since 2018. The article assessed that given Vietnam's economic and market-structure progress over the past decade, investors should look closely at this emerging opportunity.

Bac Giang develops industrial parks, creates motivation to attract investment

BAC GIANG – The Northern province of Bac Giang identified industrial development as one of the three pillars for comprehensive development of economic sectors. For recent years, the province has promoted the development of industrial parks (IPs) to create advantages in attracting investment and developing industry in a modern and sustainable direction. Dao Xuan Cuong - Head of the Industrial Park Management Board (IPMB) in Bac Giang province grant an interview around this issue.

Vietnam, China move to tighten trade, investment links

About 150 enterprises of Vietnam and China joined in a conference held in Beijing on November 27 to promote bilateral economic, trade, and investment connections.

APEC 2023 opens up investment opportunities for Vietnam, US firms

President Vo Van Thuong’s trip to the US for the APEC Leaders’ Week and bilateral activities from November 14-17 is expected to open up many investment opportunities for businesses of the two countries in the time ahead.

PPC Secretary Duong Van Thai speaks at Vietnam Investment Promotion Forum

BAC GIANG- As a part of the APEC Economic Leaders’ Week and bilateral activities, the Vietnam Investment Promotion Forum took place on November 17 morning (Hanoi time).

Bac Giang, attractive destination for investor

Bac Giang province is located in the northeastern Vietnam on the economic corridor of Nanning (China)- Lang Son- Hanoi and Hai Phong which is 50 kilometers from Hanoi capital and Noi Bai airport, 110 kilometers from Huu Nghi border gate and 130 kilometers from Hai Phong seaport and Cai Lan deep seaport (in Quang Ninh province). The province has become a highlight in economic growth in Vietnam especially investment and foreign direct investment attraction.

Source: VNA