1、Copyright 2023 by Boston Consulting Group.All rights reserved.Vietnam:A Global Engine of Growthwith contribution from 1Executive SummaryVietnam:A Global Engine of Growth report provides a comprehensive analysis of Vietnams investment landscape,aiming to providevaluable insights for the international
2、 investment community on the growth journey and future prospects of Vietnam,one of the most fastestgrowing economies in Southeast Asia,as well as its risks and challenges.Over the past decades,Vietnam has emerged as an attractive hotspot with substantial capital inflows,attributed to robust economic
3、 growth,strategic location,and abundant market potentials.Vietnam ranks 70th over 190 other countries in“Ease of Doing Business”research by WorldBank Group 2020,coupled with ongoing governments effort on policy reforms,which paves the way for Vietnams pro-business environmentgoing forward.This repor
4、t presents some highlight on macroeconomic overview,business environments as well as investment opportunities in theVietnam:Tech-enabled sectors,modern B2B services and green-focused initiatives are among the most potential verticals for future growth.However,to ensure success,it is imperative to co
5、nduct a comprehensive evaluation of the market entry strategy and the ability to thrive,takinginto account the various economic,legal,operational and environmental challenges that may arise.Successful foreign investors largely possess 4 key factors:Strategic long-term investment strategy into govern
6、ment key areas,leveraging government incentives schemeStrong local partnership to leverage expertise and knowledge of local businesses,saving time and cost navigating local norms and business practicesInvestment diversification across multiple asset classes/industries in order to minimize risks from