On the back of sound economic growth, a continuing inflow of foreign direct investment (FDI) and a healthy labour force, the industrial base in Vietnam has been steadily expanding over the past two decades, with export-orientated manufacturing playing a major role within the overall economy. The potential for manufacturing in Vietnam is much...
Exploitation of shallow-water resources over the last 30 years has allowed Vietnam to become an oil exporter while meeting domestic gas demand. With the third-largest proven oil reserves in East Asia, at 4.4bn barrels, and the fourth-largest offshore gas reserves in the region, estimated at 600bn cu metres in 2015, it has the potential to meet...
Substantial hydrocarbons and hydropower resources have allowed Vietnam to be largely energy self-sufficient and supported rapid economic growth. Exploitation of its coal and the harnessing of rivers for hydropower has helped Vietnam meet double-digit growth in demand for power, providing almost universal electricity access to its people.
Widely regarded as a poster child for power sector development in emerging markets, Vietnam has increased access to electricity from 54% to 98% of the country’s population since 1990, connecting some 55m people in the process. Until now, it has also been successful in meeting double-digit annual growth in demand, resulting from a booming...
With economic growth, solid corporate earnings and a rising need for financing among domestic companies boosting stock markets and stimulating private equity activity, Vietnam’s capital markets have grown steadily in recent years. A wave of equitisation of state-owned enterprises (SOEs) is boosting the sector further, while a growing range of...
One of Vietnam’s fastest-rising tourist destinations, the central coastal city of Da Nang has received significant international attention for its sandy beaches, mountainous scenery, and world-renowned luxury hillside resort in recent years, with airlines moving to increase services to the city in a bid to meet rising tourism demand. Visitor...
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