A big challenge is how to mobilize the large investment requirements, estimated at around $8 billion annually to meet fast growing power demand, according to country director of World Bank in Vietnam Ousmane Dione.
The world-leading coffee brand does not need to change to blend in with the Vietnamese culture because customers want the same Starbucks taste at any place of the world, according to General Manager of Starbucks Vietnam Patricia Marques.
Despite the great demand, resort tourism in the outskirts of Hanoi is still developing in a scattered manner.
The uncertainty of the economy in the changing trends, the impacts of the US-China trade war and the infrastructure in need of upgrading are the main challenges that Vietnam has to face in 2019.
While many enterprises are excited by the shifting wave of investment to Vietnam as the US-China trade war intensifies, Dr Mai Huu Tin, U&I Group President warned that Vietnam might just be a stopgap.
There are three reasons why economist Vu Thanh Tu Anh was pessimistic about Vietnam’s economic outlook in 2019: the declining global economy, the unpredictable impacts of the US-China trade war on Vietnam, and Vietnam’s complicated socio-economic issues.
If inequality was not increasing, Vietnam’s poverty reduction record would be even better, according to the leading international non-governmental organization Oxfam.
Vingroup said that it is willing to take risks, even trade-off some short-term economic benefits to concentrate all its resources on automobile project VinFast.
The disagreement leads to collaboration but can also lead to friction and stagnation if not done correctly.
The London-based financial and business information firm FTSE Russell has recently announced that it added Viet Nam, currently classified as a Frontier market, to the watch list for possible reclassification as Secondary Emerging.
