Explore our insights

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.