A corner of HCM City (Photo: VNA)The country’spopulation is forecast to hit 106 million by 2050 with the middle class on the rise,which turns the market into a favourable one for retail businesses, accordingto JETRO.
Vice Chairman of the EuropeanChamber of Commerce in Vietnam (EuroCham) Torben Minko said that European firmsare confident about Vietnam’s efforts in COVID-19 prevention and control, asindustrial parks maintain operations, the number of laid-off workers is kept toa minimum and the supply chain is maintained.
A recent survey by EuroCham revealed that theBusiness Climate Index (BCI) hit 73.9 points in the first quarter of this year,the highest level since the Q3 2019, before the pandemic broke out.
When asked about the prospects of Vietnam’sbusiness environment in the next quarter, 67 percent predicted either“excellent” or “good” - a 12 percent increase compared to the previous one.
EuroCham Chairman AlainCany said that while COVID-19 wreaks havoc in countries around the world, Vietnamcan be certain that companies can operate their business without interruptions.
A production line in plant of Toyota Vietnam invested by Japan in Vinh Phuc province (Photo: VNA)The country posted aGDP growth rate of 2.91 percent in 2020, being among economies with the highesteconomic expansion in the year.
Foreign investors pumped nearly 14 billionUSD into the country as of May 20, a year-on-year increase of 0.8 percent, accordingto the Ministry of Planning and Investment.
Disbursed FDI in Vietnam hit 7.15 billion USD in the first five months, anincrease of 6.7 percent compared to the same period last year.
Global credit rating agenciesof Moody’s, S&P and Fitch recently revised Vietnam’s outlook to “positive”./.
VNA
