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Discover the standout policies shaping Vietnam’s economic recovery, from fiscal support and monetary easing to structural reforms, aiming to foster sustainable growth and avoid the middle-income trap.

Despite the government's efforts to cut and simpli- fy administrative proce- dures, the private sector considered the key for Vietnam to achieve outstanding growth – is still struggling with a slew of hurdles.

The world economy is steady but slow showing resilience. Low growth is expected globally in 2024.

While Vietnam and businesses are moving towards sustainability, hubs of environmental concerns remain in attractive investment destinations, requiring a change in order to become competitive.

This year’s forum took the form of a merged Forum together with Prime Ministers FDI business conference, as proposed by the Prime Minister and the MPI.

Mr. Kenneth Atkinson, Founder and Senior Board Adviser at Grant Thornton Vietnam, shares his thoughts about Vietnam's Optimism Soars as Global Recession Fears Subside based on International Business Report's finding.

A Dragon in Chinese culture is a mythical, auspicious, and supreme being/creature. In Chinese mythology, Dragons have great power to control wind and rain, soar through the skies, and turn over rivers and seas, as well as bringing prosperity to the world.

Economic development has always been associated with urbanisation and this should be put into context. In 1950, the world had only reached an urbanisation rate of 30 per cent, and 2007 was the first year when more than half the world's population had moved to live in cities. In Vietnam, the level of urbanisation is reported at 38 per cent, which is the same rate as Europe was at the end of World War II.

Environmental, social, and governance (ESG) criteria applies to governments, companies, and individuals at all levels, but here we focus on companies. This is not to say it is the most important aspect, but it is a topic of rapidly growing interest in Vietnam.

On behalf of BritCham, Mr Kenneth Atkinson – Chairman of BritCham, Founder and Senior Board Adviser of Grant Thornton Vietnam, attended the Prime Minister Dialogue with FDI enterprises last week. A few points highlighted throughout the meeting are the reduction in tariffs on many items such as footwear, clothing, and food products, prioritizing renewable energy sources to minimize negative impacts caused by electricity production on the environment.

The implementation of the UK-Vietnam Free Trade Agreement will be a boon to bilateral trade and investment between Vietnam and the United Kingdom moving forward. Kenneth Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam, provides his insights into the wide-ranging deal.

Whilst much has been spoken in the past on the need to improve institutions and the business environment, in order to attract and retain foreign direct investment, progress has been slow. However, it would seem that the Government is now paying more attention to this problem.

Whilst there are rightfully questions over Vietnam’s projected growth targets for 2022, in the light of the headwinds caused by rising inflation and the unfortunate Russia Ukraine situation. Mr. Kenneth Atkinson think Vietnam can remain confident in a GDP growth circa 6% and sustain economic growth in the face of building head winds

The Vietnam economy grew at 2.58% in 2021, well below the Government’s target, due largely to the huge disruptions to manufacturing and other economic activities, due to the rampant Covid outbreak and the lockdown restrictions imposed by the Government, some of which continue at the start of 2022.

Prime Minster Chinh was accompanied by a delegation of approx. 180 people from Vietnam including Minister Dung from MPI, Minister Dien from MoIT and Minister Hoan from MoA. His opening message was that Vietnam was in the process of restructuring the growth model to a green and sustainable model embracing a global and comprehensive approach.

Kenneth M. Atkinson, Founder and Senior Board Adviser of Grant Thornton Vietnam cum vice chairman of the Vietnam Tourism Advisory Board, shared with VIR’s Thanh Van about the chances for Vietnam’s tourism industry when easing quarantine requirements and launching a pilot programme to welcome international tourists.