Friday, October 7, 2022 9:46:47 PM - Markets open
VN-INDEX 1,035.91 -38.61/-3.59%
HNX-INDEX 226.09 -9.04/-3.84%
UPCOM-INDEX 79.98 -2.43/-2.95%
Vietnam able to become new tiger in Asia: economist
Vietnamplus - 8/16/2022 2:54:31 PM
 (0 ratings. You must sign in to rate.)
Vietnam, a rising star in the global supply chain, has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.
Speaking at Forbes Vietnam’s recent Business Forum, Brian Lee affirmed that Vietnam will become a new tiger of Asia, after the Republic of Korea, Singapore, and China’s Taiwan and Hong Kong.
He said that the Vietnamese industry is developing strongly, driven by foreign-invested enterprises.

Illustrative image (Photo: VNA)
According to data from Maybank, both FDI influx into Vietnam and its export turnover in the past 10 years are bigger than those of all other Southeast Asian countries. In particular, the electronics and phone industry has surpassed garment and textiles to become the biggest contributor to the total export value.
This shows that Vietnam has enhanced its position in the global value chain, said Brian Lee, adding that the productivity of its workers also grows faster than that in other ASEAN countries.
To become a tiger of Asia, Vietnam should have world-standard infrastructure and skilled workforce, support domestic enterprises in improving their foothold in the global supply chain, and step up growth based on digital transformation, the economist noted.
The Russian newspaper also quoted economic expert Nguyen Xuan Thanh, a lecturer at the Fulbright School of Public Policy and Management, as saying Vietnam is well controlling inflation and fiscal and monetary policies.
According to him, even if the world oil price increases again, without exceeding the peak of 120 USD per barrel, Vietnam's economic situation in 2022 will still be positive, with inflation below 4% and GDP growth over 7%./.
Read original article here
Newer News
16:32 Rubber exports affected by decreasing demand
16:31 Việt Nam's GDP projected at 7% in 2022: AMRO
04/10 Việt Nam performs well in 9 months but needs to watch for pressure ahead
03/10 Export value of aquatic products up 38% in nine months
28/09 PM calls for faster disbursement of public funds
28/09 Wood processing sector eyes digital transformation despite hurdles
28/09 Việt Nam retains positive economic outlook in short-term: World Bank
28/09 Dim outlook for domestic auto component industry
23/09 Total fishery output reaches 6.75 million tonnes in nine months
17/09 Bright outlook for economy despite challenges
Older News
13/08 Vietnamese firm reaches first partnership deal to develop eSports in Cambodia
13/08 Vietnam, Laos enjoy 24.2% rise in two-way trade in 7 months
11/08 Vietnam’s coal consumption to surge in 2025-35
09/08 Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
05/08 Aquatic exports drop below US$1 billion in July
05/08 Rising inflation causing concern for export businesses
01/08 Vietnamese textile industry working on materials traceability for exports
27/07 Ministry projects three economic growth scenarios to 2023
25/07 VASEP wants greater imports of raw seafood materials
25/07 ADB maintains growth forecast for Việt Nam
Newsletter Signup
Top Stories
Investors warned of the possibility of corporate bond default
Việt Nam retains positive economic outlook in short-term: World Bank
Reference exchange rate up 13 VND on Sept 14
Việt Nam one of world's best performing stock markets in August
Securities companies’ race heats up amid low market liquidity
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,035.91 -38.61/-3.59%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.