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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Sunday, July 13, 2025

Vietnam emerges as bright spot in ASEAN economic growth

The Saigon Times

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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.

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