5,000 companies to attend Vietnam-Korea Cooperation Forum
The forum is part of a series of events to mark the 30th anniversary of Vietnam-South Korea diplomatic relations.
The forum is part of a series of events to mark the 30th anniversary of Vietnam-South Korea diplomatic relations.
Economic cooperation has been a highlight of Vietnam-South Korea relations, with trade turnover rising by 150-fold to approach the US$100-billion target set for 2023.
Vietnam’s skilled workforce, optimistic economic outlook, and competitive wage prices are among the factors drawing foreign investors’ attention to the country.
S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward.
The country boasts 335 industrial parks with a combined area of 100,000 hectares, which will be expanded to meet the growing demand of domestic and foreign investors.
Vietnam’s positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investment inflows.
Reopening the economy is key to keeping the strong inflow of FDI into economic sectors.
Industrial and leisure properties are expected to keep drawing investors this year.
The disbursement of approved FDI projects increased by 8.7% year-on-year in March, the fourth month of increase as post-Covid-19 lockdown constraints ease.
Real estate is the second largest foreign direct investment (FDI) recipient in Vietnam for the past 10 years.