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ARTICLE · 17 MAY 2022

Vietnam – The Next World's Factory?

Duane Morris LLP
Duane Morris LLP
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Vietnam's economic performance has been impressive.

VietnamStrategy
Oliver Massmann
Oliver Massmann
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1. How do you assess Vietnam's general economic performance? Besides manufacturing, are there any other sectors worth investing in or have huge potential?

Vietnam's economic performance has been impressive. In 2020, while major global economies suffer from the Covid-19 pandemic, Vietnam posed the highest GDP growth in South East Asia, higher than China, Singapore, and Japan. In 2021, when Covid-19 resulted in almost nation-wide lockdown for almost the whole year, the country still posed a positive GDP growth of 2,68%.
Sectors with huge potential: water and waste treatment, clean energy development (biomass, LNG, offshore wind...), agriculture products processing, healthcare equipment

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