Vietnam market developments & projects 

Country facts at a glance:

• The authorities in Vietnam target GDP growth of 6.7% in 2023 despite likely challenges the pandemic might pose, emphasising the FDI sector
• FDI inflows for 2022 reached over USD 14.3 billion in the first half of 2022, while export turnover is expected to reach around US$368 billion in 2022, a year-on-year increase of 9.46%
• Regional Comprehensive Economic Partnership (RCEP) comes into effect in 2022 in Vietnam, on top of CPTPP, EVFTA, and the UKVFTA, making the market the most attractive investment destination
• Strong manufacturing sector shifting from labor-intensive to high value-added goods
• 3rd largest ASEAN population at 97 million
• Ongoing smart city projects: Nhat Tan Noi Bai Smart City(Hanoi), Da Nang Smart City (Da Nang), Ho Chi Minh Smart City(Ho Chi Minh), Binh Duong Navigator 2021 (Binh Duong), Hunh Yen smart city (Hung Yen), Mekong Smart City (Dong Thap and An Giang)

Projects by vertical markets

Source: towards data science