Vietnam’s economy has been experiencing a slowdown due to global headwinds and internal
constraints1. The country’s GDP growth slowed from 8% in 2022 to 3.7% in the first half of 20231.
However, the World Bank forecasts a moderate growth of 4.7% in 2023, gradually accelerating to
5.5% in 2024 and 6.0% in 20251. Despite these challenges, Vietnam’s economy is expected to pick up
pace over the second half of this year and the following years1.
Performing Well:
1. Services Sector: This sector has been leading the economic growth thanks to domestic
consumption stimulus policies, the reopening of the economy, and the post-COVID rebound
tourism flow2.
2. Finance, Banking, and Insurance: These sectors have been exceptionally resilient over the
past two years and maintained solid growth3.
3. Information and Telecommunications: This sector has also been resilient and maintained
solid growth3.
Performing Poorly:
1. Export Sector: The export value has been shrinking due to contracting consumption in major
export markets, including the US and EU2.
2. Industry & Construction Sector: This sector has been heavily influenced by worldwide
political uncertainties2.
Investment Opportunities:
1. Hotels and Resorts: The revenue of tourism in Vietnam is expected to double by 2027,
presenting a huge increase and potential for this business4.
2. Renewable Resources: Vietnam is suitable for developing clean and renewable energies4.
3. Food and Agricultural Products: Agriculture contributes 20% to the country’s total export4.
4. Real Estates: Eased foreign ownership regulations on real estates since 2015, and much
infrastructure investment planned also opens a big market for foreigners to invest in this
business field4.
Please note that these are general trends and actual investment decisions should be based on thorough
research and professional advice.
