Vietnam offers great opportunities for investors

 The US ETF Trends page emphasizes that Vietnam is a promising destination for investors (Screenshot). (Source: Vietnam and the World)

In an article on February 8, ETF Trends also commented: Emerging markets like Vietnam can provide growth opportunities for investors. According to the article, the Covid-19 epidemic has had a strong impact on emerging markets in 2020, but some countries that are able to respond quickly have minimized the socio-economic impact. Vietnam is a prominent example, thanks to the swift and clear response of the government, especially the strategy to promote vaccination.

In the latest report, credit rating agency Fitch Ratings once stated that Vietnam's economic recovery roadmap will be further motivated in 2022, when domestic demand increases again and export activity increases. exports maintained strong momentum. Increasing vaccination rates helps reduce the risk of Covid-19 outbreaks slowing down the economic recovery. Fitch Ratings expects Vietnam's economic growth to reach 7.9% in 2022 and 6.5% in 2023. Vietnam's economy is assessed to be less affected by the pandemic than many emerging markets. , which is reflected in the fact that the annual GDP does not decrease sharply.

Meanwhile, the Vietnam News Agency (VNA) quoted a report just released by market research company IHS Markit (based in the UK), which said that in January 2022, Vietnam's manufacturing industry recorded output and orders. goods increased sharply, the number of jobs also increased for the second consecutive month. According to IHS Markit, the Purchasing Managers' Index (PMI) in Vietnam's manufacturing sector reached 53.7 points, up from 52.5 points the previous month. This indicates a solid improvement in business conditions since April 2021.

The continuous increase in the number of jobs was recorded in January as companies continue to rebuild their workforce after the epidemic wave in 2021, the activities of foreign enterprises achieve a rapid growth rate. the most since November 2018. Companies are confident in the production outlook for 2022, with 60% of respondents predicting an increase in output.