Economic Overview

Vietnam’s import and export activities opened with a $58.49 billion turnover of goods in the first quarter of 2023​ . The central-to-market economy plan has transformed the country from one of the poorest into a lower-middle-income country. Since the Doi Moi reform period, the country’s five-year directive and indicative planning have resulted in rapid growth, earning Vietnam recognition as one of the most dynamic emerging countries in the East Asia region

The top contributors to Vietnam’s growth are the manufacturing, services, and agricultural sectors. The country’s ideal tropical climate and young workforce make it a lucrative destination for foreign investments, particularly in the tourism industry, including hotels and resorts​  Read more