Recovery Vietnam

Upcoming monetary-fiscal support programs may put Vietnam in the position to become a high-income country in the 2045-2050 period.

Along with drastic changes in the upcoming Land Law and continued efforts from the Government to push for public investment, there is strong confidence that the real estate market would return to a high expansion rate in 2022.

It is unwise to bet against the ability of Vietnam and the Vietnamese to achieve targets and challenges they set themselves, said the CEO of HSBC Vietnam Tim Evans.

The local economy should have had expanded by over 7% in the 2020-2021 period, but instead, it settled at 2.91% in 2020 and would achieve an estimated 2.5% this year.

Vietnam pursues the GDP growth target of 6-6.5% next year, which would result in a GDP per capita of US$3,900.