To achieve its ambitious goal of high-income status by 2045, Vietnam needs to deepen the sweeping institutional reforms that are underway and promote greener development, according to two new World Bank reports released on May 22.
Vietnam jumped four places to rank 56th globally, according to the Global Real Estate Transparency Index by JLL and LaSalle Investment Management, amid improving building standards across Asia.
The Minister of Planning and Investment has issued a circular giving guidelines on the supervision and assessment of foreign investment activities in Vietnam.
Within the region, Vietnam ranks high on economic performance, fuelled by a powerful gain of manufacturing and export capability, according to economists Shirley Shen and Aidan Yao from the Singaporean-based AXA Investment Managers Asia.
The AXA Investment Managers Asia headquartered in Singapore recently published an article which elucidates the reasons behind Vietnam’s high ranking on economic performance and discusses the prospects for broadening the country’s position in the regional and global production ecosystems.