Monday, November 4, 2024
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HomeNews & ViewsIndustry FocusVietnam vows 5% GDP growth in post-outbreak foreign investment

Vietnam vows 5% GDP growth in post-outbreak foreign investment

Vietnam ‘s success in pushing back the pandemic was driven in part by a system of intensive research and mass, concentrated isolation of large numbers of people. After five years of growth, Vietnam’s foreign investment dropped by 15.5 per cent to $12.3 billion in the first four months of the year, as stated by the General Statistics Office (GSO) records. Nevertheless, this year the country is targeting annual GDP growth of over 5 per cent.

The country is on the verge of having massive foreign investments to flood in after the pandemic for this fast response. Kizuna Joint Development Corporation, a company that builds read-to-go factories in Vietnam, is planning to complete a factory of 100,000 square meters in southern Vietnam, fully expecting a post-pandemic interest expansion.

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