Vietnam's 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 photo - Source: VNA)The article said such growth is underpinned by diversesectors, from high-tech manufacturing to natural resources, and bolstered bysignificant trade relationships, especially with the US and China.
“Vietnam's economic reforms have created a virtuous cycle:reforms spurred exports, which in turn drove economic growth, leading toincreased domestic demand. This trajectory has positioned Vietnam as a dynamicand integral part of the global economy, with a domestic market that continuesto show robust growth potential,” wrote the article.
It said Vietnam has grown into awell-diversified economy that strikes an attractive balance between export-ledgrowth and growing domestic demand that enjoys robust exports in addition to agrowing domestic consumer base.
A view of Ho Chi Minh City - Vietnam's southern economic hub (Photo: VNA)Local Vietnamese stocks, meanwhile, have outperformed broad emerging marketsbenchmarks since 2018. The article assessed that given Vietnam's economic andmarket-structure progress over the past decade, investors should look closelyat this emerging opportunity./.
VNA
