Vietnam has stronger growth opportunity in next few years

Amid the trade war between the U.S and China, speakers said that capital inflows into Asian countries, including Vietnam, are very great. This has brought enterprises in the region both opportunities and challenges.

According to speakers, the shift of investment into the region will open growth opportunities for Vietnam

After the opening ceremony of the Horasis Asia Meeting 2019, experts and speakers had a plenary session on global and Asian economic outlook. They said that the trade war between the U.S and China has promoted the shift of investment into countries in the region. This has brought both opportunities and challenges to many countries, including Vietnam. Amid the global economy in 2019 facing obstacles, Vietnam has still maintained vigorous growth. It is predicted that Vietnam will enjoy opportunities for stronger growth in the next few years.

They also pointed out a variety of impacts on the global economy. Noticeably, capital inflows have shifted towards Asia, including Vietnam. This is a chance for the evolution of Asia in general and Vietnam in particular.

Vietnam has a lot of good policies on investment attraction plus a competent young workforce, absorbing more investors. Don Lam, CEO cum founder of VinaCapital said that Vietnam is always a country advocating free trade. The country has so far signed nearly all major trade agreements in the region and world. He added that capital inflows into Vietnam have also brought challenges, comprising of workforce attraction, to domestic enterprises. Hence, in order to keep competent laborers, domestic enterprises need to be proactive to meet requirements of these laborers, especially implement welfare policies for them.

Reported by Minh Duy-Phuong An-Translated by K.T