Despite the challenges facing Vietnam in the fourth wave of COVID-19, many experts and businesses remain confident that the country’s economic outlook will become bright again soon.
HCM City (VNA) –Despite the challenges facing Vietnam in the fourth wave of COVID-19, manyexperts and businesses remain confident that the country’s economic outlookwill become bright again soon.
Warrick Cleine, Chairman andCEO of KPMG in Vietnam and Cambodia, said Vietnam has secured macro-economicand social stability, a strength for the country to attract foreign investmentand recover growth in many areas, especially when most of business leaders andinvestors are always attracted by a safe and predictable investment andbusiness environment.
Apart from other advantages, economicgrowth stories and the interaction between the Government and the domestic andforeign business communities will also encourage business leaders and investorsto access the market, he noted.
Predicting the recoveryprogress of the Vietnamese economy, Alain Cany, Chairman of the EuropeanChamber of Commerce (EuroCham) in the country, held that thanks to solidfundamental factors, the economy will revive gradually in at least the next sixmonths before the growth pace becomes stronger in the latter half of 2022.
Some sectors have stillbenefited from the outbreaks such as e-commerce, which posted a growth rate of18 percent and revenue of over 11 billion USD in 2020 and is forecast to continueenjoying breakthrough expansion this year.
Besides, the free tradeagreements that Vietnam has joined are also expected to facilitate productionand export activities in many industries like seafood, coffee, apparel, footwear,and mechanical equipment, Cany said.
Truong Gia Binh, Vice Chairmanof the advisory council for reforming administrative procedures, head of theresearch committee for developing of the private economic sector, and Chairman ofthe FPT Group, said since the Government changed the anti-COVID-19 policy inOctober, the economy has reopened quickly.
The Government is planning anew relief package to help with economic recovery, and it has also been applyingtechnology to put the pandemic under control, he noted, adding that moremeasures, including using artificial intelligence and technology, will be takento quickly control the situation and shore up the economy./.
Integration with global manufacturing has helped keep Vietnam’s economy humming during the pandemic, according to an article published on news site The Economist on August 30.
Vietnam’s gross domestic product (GDP) expanded by 1.42 percent in the first nine months of 2021 from the same period last year, marking a great success of the country in the fight against the COVID-19 pandemic and maintaining production and business amid the prolonged period of social distancing in many provinces and cities.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
