Major Vietnamese Government Reforms
A combination of government reforms, global trade risk mitigation, and aggressive growth targets make Vietnam an exciting investment proposition. Fund manager Dragon Capital mentions the Vietnamese government’s Doi Moi 2.0 reforms aimed at revitalizing the economy by reducing bureaucracy and streamlining administration.
Growth Ambitions and Investment Plans
Vietnam aims for an 8% growth by 2025, with further double-digit increases. Plans involve cutting government headcount, enhancing investment approval processes, and improving government efficiency. The country’s expansion focuses on infrastructure development, including significant investments in transport, energy, and digital projects like Long Thanh International Airport and a high-speed railway.
Trade Risk Mitigation
Vietnam is actively implementing measures to mitigate trade risks, especially from US tariffs. Notably, Vietnam, as of 2024, has become China’s third-largest export destination.
Dragon Capital emphasizes the Asian country’s attractiveness for investment and its strategic approach towards growth and risk management.
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