Economy

Early and effective investment in the urban railway system will increase the share of public passenger transport, reduce individual vehicle traffic, and positively impact socio-economic development.

By informing discussions between different stakeholders, the Whitebook plays an important role in shaping future initiatives and investment strategies between Vietnam and Europe.

Vietnamese tourists are the region's most avid travelers.

The average housing area per capita in Hanoi reached 28.6 square meters in 2023, exceeding the planned target of 28.2 square meters.

Vietnam has set a target of 3,000 kilometers of highways by 2025 and 5,000 kilometers by 2030.

Several LNG and offshore wind power projects may struggle to be commercially operational before 2030.

Vietnam’s economy is forecast to recover by 6% in 2024, returning to its normal growth trend.

The two countries have a lot of potential and opportunities for cooperation in the industrial sector, especially in electric vehicles, logistics and ancillary industries.

The collaboration brings the world-renowned Oakwood brand, present in more than 15 countries worldwide, to Ha Long City, marking a significant milestone for the region in upscale international hospitality.

Hanoi creates favorable conditions for industry associations related to logistics services.

Efforts will be made to keep local exporters abreast of legislative changes and to support their exports.

The estimated investment for Soc Son's multifunctional entertainment complex and horse racing track project is US$500 million, which is expected to create about 5,000 direct and 20,000-25,000 indirect jobs.

The fair aims to contribute to the development of the agricultural economy, the construction of new rural areas and the preservation of community spaces in rural villages.

A modern and comprehensive infrastructure will provide new momentum for Hanoi's rapid development, with the potential for double-digit growth in the years ahead.

Vietnam's business sector is poised for growth in 2024, according to the latest EuroCham survey.

Incentives from both market regulators and developers will be key to driving Vietnam's property sector in 2024.

In 2024, the focus will be on the topic of minimizing congestion, ensuring order, and road safety.

The goal is to establish a transparent and publicly accountable carbon credit market based on determining total emissions and allocating emission quotas to regions, sectors, and even individual emitters.

The main goal of the banking sector is to support economic growth while controlling inflation, contributing to the stability of the macro-economy, the monetary and foreign exchange markets, and financial security.