Vietnam: macroeconomic indicators continue to grow

Vietnam's macroeconomic indicators continue to improve, with the trade deficit narrowing to 535 million euros, the lowest since March 2009.

The country has a deficit of 21.8% in export revenues, just above the government's target of 20%.

The stock market recorded a correction of 13% in the VN-Index during the first three weeks of May. However, investors are regaining confidence in global markets. To this end, the role of the monetary policy implemented by the State Bank of Vietnam is important.

The Vietnamese market presents good buying opportunities for investors looking for discounted stocks. Experts recommend investing in the real estate, building materials, pharmaceutical, food & beverage and banking sectors.

The population of Vietnam will continue to grow steadily over the next five years and is expected to catch up 100.4 million of people by 2024. With an average age of 32 years old, the population represents one of the largest labor forces in Southeast Asia.

The urban population is expected to increase by about +2,7% in the next 5 years, reaching almost 40 million city residents, about the 40% of the total population by 2024. Rapid urbanization is driving the growth of the middle class and Vietnam's domestic consumer base. Living standards have improved, driven by growth in per capita income: the latter element will drive the demand for consumer spending in the coming years.

Vietnam's transition from an agrarian economy to an export-oriented manufacturing center is reflected in its trade flows. The current e growing number of free trade agreements of Vietnam makes it one of the most globally integrated countries in the region.

Source: Vietnam News

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