Exports grew 15.4 percent in the first nine months and imports 11.8 percent, thus widening the trade surplus to 5.4 billion Swiss francs ($5.4 billion). The other macro-economic key indicators also remain benign.
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With the two main growth drivers – demographics and foreign direct investment – still positive, we can expect sustained, far-above-the-average economic growth for years to come.
The recently released figures for economic growth in the third quarter and first nine months of 2018 show that the positive conclusions for the country’s outlook are fully justified: Vietnam’s gross domestic product in the twelve months through September expanded by 7 percent, one of the highest rates in the world. «We can expect sustained, far-above-the-average economic growth for years to come» It acts as a guarantee for new jobs and rising incomes for a decade to come and thus for a higher purchasing power of the population. The investment pipeline has already reached $160 billion and is growing rapidly. Since January, FDI worth some $19.67 billion were agreed and $13.25 billion executed. The result are record high foreign direct investments (FDI).
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Vietnam has positioned itself very smartly with the help of numerous free trade agreements and thus has become a highly attractive manufacturing base. has now prompted even more international firms – among them even some Chinese corporations – to move part of their production to Vietnam. The escalating trade war between China and the U.S. The publishers of are responsible for the selection.įor some years, there has been a trend to shift production capacity from China to Vietnam, because many of its workers are better trained and, what’s more, much cheaper. The texts are published in both German and English. and China actually has had a positive effect on the country’s economy.įinews.first is a forum for renowned authors specialized on economic and financial topics. Markus is a passionate automotive enthusiast with a number of ‘special cars’ in his personal collection.Vietnam is currently the best investment case, says Markus Winkler in an essay for finews.first.
He uses his extensive experience in delivering major business transformation programs to help clients ensure innovations in technology deliver new, sustainable value propositions, while bringing efficiency to legacy and commoditized IT services. They’re why Markus describes the industry as one of today’s most exciting growth areas. These trends are driving companies to embrace change, innovate and rethink the way they do business. Environmental sustainability will be an increasing focus throughout this transformation over the coming decade. Markus Winkler works with teams across the world, helping clients shape their mobility strategies and invent what’s next in the rapidly changing automotive industry.īesides connected vehicles and autonomous driving, Markus asserts that car-sharing, electrification and mass-transit systems will change the face of mobility at local, national, and global levels.
Executive Vice President, Global Automotive, Capgemini
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