Today, if you are still thinking about how the city will develop in the next few years, the most likely image is the Thai capital of Bangkok. With the current growth rate, Vietnam will very quickly become a new promising country of the continent in a few years. Why can we assert so confidently?
Take a look at the specific evidence below.
Development prospects of Vietnam
Size and quality of the population
Vietnam has more than 95 million people. In particular, ½ of the working age population, 2 / 3 under the 35, are educated and equipped with knowledge every day.
The pace of integration of people is quite fast, adapting well to the global modern trend. Say no exaggeration, the most evident evidence today is that parents invest heavily in learning and training skills for their children from an early age. It will be very easy for us to meet the children who speak English very well on the street, the creative development programs for children are being responded very strongly.
Growth of GDP
Vietnam's GDP growth rate is approximately 7% per year, which is expected to be maintained in the near future.
Much of this growth comes from foreign direct investment. Typically, Samsung mobile phone manufacturer has produced a majority in Vietnam; Intel's second largest manufacturing activity outside the United States is also located in our country.
Geographical location
► Centrally located in Southeast Asia, close to regional development hubs such as East Asia and South Asia;
► Hold a position to control the trans-Asia continental road linking Asia with Europe;
► Located on the southern slope of China, with easy access to a consumer market of 1.4 billion people.
► The coastline of thousands of kilometers long, has the potential to develop a large port system
Vietnam is a potential investment choice for companies that intend to reduce the level of trade with Asia's largest economy (China). In the first half of the year, export turnover from emerging Asian countries to the US increased by 2019%. Vietnam stands out, with an increase of 10%, notably electronic goods.
Consumer demand
Domestic consumer demand is expanding significantly. Evidence, total retail sales of goods and revenue of consumer goods services in May 9 reached a high growth rate of 2019% compared to the same period last year, reaching an export value of trillion VND (about US $ million worth of export).
The average smartphone usage rate is about 90% and internet access has doubled in the previous year.
From the above evidence shows that our country is not only a large production base, but also a potential market for large groups of services and consumer goods. Moreover, with the increasing intellectual level of the people, the new "star" position of the continent will no longer be far away for us!
