Vietnam PESTLE Insights – A Macroeconomic Outlook Report
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Mining, manufacturing, and utilities contributed 35.0% to Vietnam’s gross value added (GVA) in 2022, followed by wholesale, retail, and hotels (13%), and financial intermediation, real estate, and business activities (12.6%). In nominal terms, the three sectors are forecasted to grow by 12.8%, 12.8%, and 12.4%, respectively, in 2023.
Hanoi and Ho Chi Minh are major metropolitan regions in Vietnam and about 17.8% of Vietnamese population lives. These regions generated 28.3% of the country’s GDP in 2022, according to the GlobalData cities database.
Scope
Vietnam approved a $43-65 billion infrastructure development plan (2021–30) encompassing road, rail, water, and air transport, with enactment of a new public-private partnership law to promote private investment in transportation and power sectors.
Key Highlights
The Ho Chi Minh index has been on a decreasing trend. As of May 23, 2023, the index stood at 1068.2, compared to 1,218.8 on May 23, 2022.
Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
SRC
Vietnam Airlines
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Frequently asked questions
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