Global research and consultancy firm Oxford Business Group (OBG) on April 25 launched a comprehensive report on the Vietnamese economy.
“The Report Vietnam 2017” provided a macroeconomic overview and 300 different people provide multiple perspectives. According to OBG Chairman in an interview by The Vietnam News, the report was an effort of a group of authors who gathered information by working with the major statistical agencies, conducting interviews and dialogues with leading national opinion shapers and experts, and allowing a wide range of opinion to be shown in the report.
In OBG’s report, manufacturing and tourism are identified as the two most potential industries for growth in Vietnam. The country is now emerging as a genuine manufacturing focal point for many companies, especially those in Asia. Meanwhile, with unprecedented levels of international arrivals and rising domestic tourism, with more new airports and new direct flight routes, the tourism sector has become a major economic growth driver in recent years.
For foreign investors who look into expanding their businesses in Vietnam, the OBG’s report also enable them to discern the opportunities and operating challenges. Overlap in regulations, lack of middle and high-level skilled labour force, tax procedures are some of the main difficulties that are mentioned. Manufacturing, consumer goods and logistics are industries that have great potential to attract foreign investment in Vietnam in the future, as the report said.
Read the full interview about the OBG’s report: No challenge too difficult for Vietnam