Seasia Stats (Indonesia) ranks Vietnam 12th among the 15 largest economies in Asia with an expected size of about 506 billion USD in 2025. Vietnam is developing rapidly thanks to the boom in manufacturing and foreign investment. It is expected that Vietnam's economy will grow at 7% in 2024, among the few economies with high growth rates in the region and the world.
Evrimagaci (USA) said that sustainable development initiatives and the boom in the e-commerce sector are driving Vietnam's development strategy: Vietnam is witnessing significant economic growth, especially thanks to investments from international partners and domestic policies to promote various sectors such as e-commerce, logistics and green energy initiatives. With many opportunities and challenges increasing both domestically and internationally, Vietnam is asserting its position as a key player in the Southeast Asian market.
The year 2024 will mark significant progress not only domestically through infrastructure growth but also externally through strategic partnerships that boost economic ties.
The excitement and optimism spreading throughout the business community, from domestic enterprises to multinational corporations, will help Vietnam firmly move forward on the path towards its economic goals for 2025 and beyond.
Asia Weekly Magazine (Hong Kong, China) wrote that Vietnam has become a favorite location for multinational companies to set up factories. The semiconductor industry - the key to high technologies such as artificial intelligence - is the target of many developing countries, including Vietnam. In recent years, Vietnam has also attracted investment from large enterprises in the fields of information technology, semiconductors and artificial intelligence, including Samsung, Amkor, Hana Micron, Intel, Foxconn, LG, etc.
Vietnam’s development strategy is “ambitious and bold”, focusing on developing a highly skilled workforce, an early start to prepare for the long road ahead and any country that invests in human resources properly will soon occupy a key position in the global supply chain. Vietnam is transitioning to an “AI economy” and will extend to the workforce and society.
However, Vietnam's dream of becoming a major semiconductor country still has a long way to go. Vietnam's semiconductor industry revenue is expected to reach 18.2 billion USD in 2024. Foreign press also warned that the development of Vietnam's semiconductor industry must also solve infrastructure problems. Semiconductor chip manufacturing is an extremely energy-consuming industry, so to realize the dream of becoming a major semiconductor country, Vietnam must solve the problem of electricity shortage.
Prop News Time said that Vietnam is a key factor in the region's luxury real estate market.
