Vietnam market developments & projects 

Country facts at a glance:

• The authorities in Vietnam target GDP growth of 6 to 6.5% in 2022 despite likely challenges the pandemic might pose, emphasising the FDI sector
• FDI inflows for 2021 reached almost USD 24.5 billion by November, while growth of USD 299.7 billion was seen in export turnover, a 17.5% rise over the same period in 2020
• 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
• 2^nd 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) and Binh Duong Navigator 2021 (Binh Duong)

Projects by vertical markets

Source: towards data science