Home>General>About Vietnam

About Vietnam

2017 has witnessed some major remarkable developments of Vietnam's macro economy with low inflation and well–improved business environment:

 

According to GSO, Gross domestic product (GDP) in the first half of 2017 was estimated to grow 5.73% from the same period in 2016 and is showing faster speed towards the last months. The average Consumer Price Index (CPI) in January - August period gained 3.84% increase in comparison to last year’s data.

 

Significant improvements in mechanisms and policies have been drastically directed by the Government and have shown effectiveness, bringing better business environment for domestic enterprises. This helps to attract more investments. World Bank forecasts Vietnam's GDP will reach 6.3% by end of 2017 and about 6.4% in the next two years.

 

Bloomberg considers Vietnam’s stock market as the hottest in Asia this year. Foreign investors are finding good chances at strongly divested SOEs and an increasing number of listed enterprises. The market has become much more impetuous when derivatives were kicked off in August. These bright spots push up economy growth speed. Up to now there are over 1,300 listed companies on the market. According to HNX and HOSE, total market capitalization by 2Q2017 was estimated at nearly US $160 billion, a 5.73% growth from 2Q2016.

 

2017 will continue to be the year of dynamic M&A, said the Ministry of Planning and Investment (MPI) - inheriting from new FTAs and the real estate market revitalization in perspective of investment trend from large Thai and Singaporean corporates to Vietnam, besides the emerging M&A wave among domestic enterprises. This helps to call for FDI.

 

Governmental policy changes enable many new enterprises to establish this year. By the end of August, there were 85,357 enterprises with registered capital of VND 822.1 trillion, to increase 16.3% in number of enterprises and 44.8% in registered capital from the same period in 2016; the average registered capital of newly established enterprises was VND 9.6 billion, 24.5% up from January - August last year.

 

 

With hundreds of thousands of private enterprises operating in many economic areas of a country with stable economy growth, there are potential cooperation and attractive investment opportunities for foreign investors. 

About Vietnam