Through investment into local infrastructure systems, climate-resilient energy, communications technology, and other programmes, the private sector is the key to achieving Goal 9: Industry, Innovation, and Infrastructure in the United Nation’s Agenda 2030 for Sustainable Development.

Despite challenges arising, the real estate market in Vietnam ended 2018 in a good place, and expects to remain stable this year.

As Industry 4.0 is setting in, there is a pressing need to set up e-government, but there remains huge challenges in enhancing information security.

Vietnam’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) will set a string of challenges for local government and businesses to adopt an Industry 4.0 model in ­Vietnam.

As foreign startups, including South Korean ones, are expanding operations to Vietnam in greater numbers, the market may slip out of the hands of Vietnamese startups if they fail to whip up enough support. 

At the World Economic Forum’s annual meeting in Switzerland last week, Prime Minister Nguyen Xuan Phuc stressed that Vietnam, which is building a digital economy, continues rolling out the red carpet to welcome foreign investors, particularly in high-tech industries.

Over the past decade, Vietnam has attracted a great deal of foreign direct investment into its industrial manufacturing and electronic sectors. Previously, overseas investors had complained about weaknesses in the country’s supporting industries, but recent changes have contributed to attracting fresh investment.

The transportation infrastructure projects connecting Van Don Special Administrative-Economic Zone (Van Don SAEZ) are being implemented under the PPP form and make an ideal case study for successful development.

Continuously expanding foreign businesses and the wave of foreign investors relocating from China may make the chronic shortage of skilled workers more dire in Vietnam.  

PwC’s latest CEO survey reflects a dramatic decline in CEO confidence in growth perspective in the next 12 months.