We go beyond expectations so you can, too

The latest data from the International Business Report (IBR), Grant Thornton’s global survey of mid-market companies, shows that business leaders plan to increase investment over the next 12 months. Despite firms in many countries dealing with the highest interest rates they have seen in years (making credit more costly), investment intentions are up in every category compared to last year.

Results of Grant Thornton’s latest International Business Report survey found that more mid-market companies in Vietnam are aiming to remarkably increase investment in technology, human resources, and R&D in the next 12 months, compared to second half of last year. This upward trend in Vietnam also aligns with the global results of the survey, reflecting the awareness and desire of maintaining competitiveness among firms despite continuing economic uncertainty.

The latest Grant Thornton International Business report for H2 2022 findings globally show that overall business health has declined, as might be anticipated in line with the weakening economic outlook, in many economies with reduced forecasts in economic growth in most of Vietnams’ export markets, Nguyen Chi Trung Managing Partner of Grant Thornton Vietnam commented.

Apple’s recent visit to Vietnam by CEO Tim Cook signifies a significant commitment by the tech giant to the Southeast Asian nation. This commitment extends beyond mere words, as Apple has pledged to increase spending on local suppliers, highlighting Vietnam’s growing importance in the company’s global supply chain.