To achieve important targets in 2021-2025, Viet Nam should consider economic digitalisation key to shifting its growth model and carry out a “post-COVID-19” mid-term programme in association with economic restructuring on the basis of taking advantage of opportunities brought about by free trade agreements (FTAs), an expert has said.
A hybrid working model comprising both remote and office-based work is a trend that many companies will embrace since working methods have changed globally after the pandemic broke out, including in Viet Nam, experts have predicted.
In 2021, the first year of a new economic cycle, the business community expects the support of national and local authorities will facilitate a breakthrough in production and trading activities. Several leading experts shared their views on the issue with Vietnam Economic News.
With uncertainties caused by COVID-19 persisting, gold, stocks, and real estate are promising investments for Vietnamese investors in 2021.
Viet Nam has more real estate investment opportunities than other more mature Asia-Pacific markets, though certain difficulties remain.
Despite enduring a heavy toll caused by the global health crisis in 2020, the Vietnamese economy is expected to drive forward strongly thanks in part to a boost in domestic consumption and investment, which will continue being among prime priorities set by the government to achieve its new growth goal.
The 13th National Party Congress has set a new direction for the country’s development for the next 10 years. Tran Du Lich, member of the Prime Minister’s Economic Advisory Group, talked with VIR’s An Nguyen about the priorities Vietnam needs to double down on to forge ahead.
Good indications of national economic development and a suitable strategy to combat the pandemic has increased the inflow of foreign manufacturers and industrial developers to Vietnam – however, local authorities are urged to be cautious in handing out new licenses in order to avoid the asynchronous growth of industrial zones.
The Viet Nam Real Estate Brokerage Association forecasts the housing real estate market in 2021 to have more optimistic developments due to the effective prevention of the COVID-19 pandemic and domestic economic recovery momentum.
Viet Nam’s capability to technologically upgrade the manufacturing industry was the central theme at a recent international webinar.