To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.
The rising vehicle imports are posing huge competitive pressure on domestically-produced vehicles.
According to experts, the boost in attractiveness of the Vietnamese market comes at a time when the business environment for drugmakers in neighboring countries has not been favorable.
Ongoing and upcoming road projects will be the primary drivers of growth in Vietnam’s transport infrastructure sector, Fitch Group said.
The Vietnamese economy will likely expand more than 6% annually over the next few years thanks to continued export resilience and ongoing reform measures by the government to improve the country's business environment, according to BMI research firm.