Vietnam PESTLE Insights - A Macroeconomic Outlook Report

Vietnam PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing, and utilities contributed 35.0% to Vietnam’s gross value added (GVA) in 2022, followed by wholesale, retail, and hotels (13%), and financial intermediation, real estate, and business activities (12.6%). In nominal terms, the three sectors are forecasted to grow by 12.8%, 12.8%, and 12.4%, respectively, in 2023.

Hanoi and Ho Chi Minh are major metropolitan regions in Vietnam and about 17.8% of Vietnamese population lives. These regions generated 28.3% of the country’s GDP in 2022, according to the GlobalData cities database.

The Ho Chi Minh index has been on a decreasing trend. As of May 23, 2023, the index stood at 1068.2, compared to 1,218.8 on May 23, 2022.

Scope

• Vietnam approved a $43-65 billion infrastructure development plan (2021–30) encompassing road, rail, water, and air transport, with enactment of a new public-private partnership law to promote private investment in transportation and power sectors.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.