Vietnam – not just a manufacturing hub

Vietnam – not just a manufacturing hub

Strong economic growth in Vietnam will help open up opportunities in a variety of sectors outside of manufacturing over the coming years, although the business environment remains challenging. Structural factors, including rapidly rising incomes, major urbanisation and an ageing population, will underpin expansion in three sectors in particular – construction, electricity transmission and distribution, and health care. 

Vietnam is a rising export hub, despite US tariff threat

Vietnam is a rising export hub, despite US tariff threat

Vietnam will continue to emerge as a global manufacturing hub in the coming years, particularly in the electronics sector. Despite rising trade tensions with the US, structural factors including low wage costs, a large infrastructure pipeline and recently signed free-trade agreements should sustain investment in the manufacturing sector. Long-term challenges include managing growing demands for political representation and rising concerns over the environmental sustainability of the country’s growth model.