Vietnam’s GDP is expected to rebound next year
Due to the pandemic, economies around the globe have slowed down considerably while Vietnam is still having a positive growth. According to UOB’s 2021 Quarter 3 Economic Outlook Report on Vietnam, Vietnam is still able to have an annual GDP growth of 3% due to the government’s quick decision to gradually lift their pandemic restrictions from early October, as well as their efforts in promoting vaccination. It is predicted that when the majority of their economic activities resume under the new normal, their GDP shall bounce up to 7.4%.
3 Industries forming the economic pillars of Da Nang
Located in Vietnam’s central strategic area and being one of the four largest cities, Da Nang has attracted the attention of multinational companies and investors. Da Nang serves as the transportation hub between the South and North sides of Vietnam through land, sea and air transport – you may reach Hanoi and Ho chi Minh City, the two financial centres, in about 70 minutes and Hong Kong in about 2 hours by air, all thanks to its’ prime seaside location and developed infrastructure.
A diversified economy signifies a strong potential, and that is exactly what Da Nang offers with its developed tourism, manufacturing and shipping industries. Mr. Danny Nguyen, Chairman of Filmore, said, “With Da Nang’s 3 main industries acting as the economic driver, it increases our GDP per capita and strengthening the middleclass population. The influx of…