HCMC – Vietnam has cemented its position as a leading economic growth engine in Southeast Asia, driven by a surge in foreign investment and the global shift in supply chains, experts said at an event in HCMC yesterday, September 6.
The conference, organized by United Overseas Bank (UOB), was attended by 600 business executives, government officials and trade experts to discuss ASEAN’s economic outlook.
Experts said foreign direct investment (FDI) in Vietnam has reached record levels in recent years, with the manufacturing sector accounting for over 72% of total investment capital in 2023.
Vietnam’s favorable business environment and a skilled workforce of 52.4 million have made it a prime destination for companies looking to diversify operations and tap into Southeast Asia’s growing market.
Phan Van Mai, chairman of the HCMC People’s Committee, emphasized Vietnam’s commitment to regional cooperation and sustainable development, including initiatives in the circular, digital, and green economies.
Vietnam, and particularly HCMC, is working to align with global and regional development trends, he added.
Wee Ee Cheong, deputy chairman and chief executive officer of UOB, said Vietnam is one of the fastest-growing economies in Southeast Asia, with promising potential.
