Global CEOs optimistic about Vietnamese GDP growth of up to 6.5%
Experts from the UK-based audit service supplier PricewaterhouseCoopers (PwC) anticipate that Vietnamese GDP will return to a growth rate of between 6% and 6.5%, largely due to the strong return of foreign direct investment (FDI) flows into the local market.
Domestically, the policy of “Living safely with COVID-19” has created a rapid vaccination campaign, thereby allowing the country to resume business operations by the end of 2021.
According to Nguyen Luong Hien, deputy general director of the Partner leading Deals/Strategy Services in PwC Vietnam, the Regional Comprehensive Economic Partnership (RCEP) which came into effect from January 1, will serve to further promote trade promotion. This will therefore create greater momentum for the post-pandemic economic recovery by forming a stable and long-term export market for both the country and neighbouring Southeast Asian nations.
The PwC survey indicates that while they are optimistic signs ahead for global economic growth, CEOs are well aware of the potential threats that could impact businesses over the next 12 months.
In Vietnam, health risks are also a concern among CEOs. Indeed, the emergence of the Omicron variant is believed to be capable of spreading quickly and has added to the anxiety of the business community about the pandemic.
Furthermore, cybersecurity risks, especially those from third parties, are often difficult to recognise because of the complexity of business relationships between companies and their supplier networks, thereby posing threats to many businesses and organizations.
According to Dinh Thi Quynh Van, general director of PwC Vietnam, in order to achieve sustainable growth in the environment and society, the nation needs the participation of all stakeholders, including the Government, businesses, and the social community.
“It's time for us to build trust between parties to create lasting results for everyone. This is also part of PwC's strategy,” she said.
