Business Dynamics: Vietnam

February 2022

Vietnam continued to receive sizable foreign investment flows in 2021, with the country maintaining its advantages of cost-effective labour, an extensive manufacturing industry and an improving regulatory framework. Nevertheless, challenges remain, such as corruption issues, underdeveloped infrastructure, bureaucracy, lack of skilled workforce and subdued digital adoption. Various infrastructure projects and digitalisation strategies are, however, expected to increase Vietnam’s attractiveness ov

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

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The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Business Dynamics: Vietnam

HEADLINES

OPERATIONAL AND REGULATORY ENVIRONMENT

Improving business freedom creates advantages

FINANCING AND INVESTMENT

The country continues to attract FDI, despite rigid bureaucracy remaining an issue

SKILLS AND LABOUR

Vietnam collaborates with developed countries to boost labour skill set

TRANSPORT AND INFRASTRUCTURE

Infrastructure to receive significant investment over 2021-2025

DIGITALISATION AND INNOVATION

The government looks to digitalise the Vietnamese economy

OPERATIONAL AND LEGAL ENVIRONMENT

Chart 1 Operational and Legal Environment Key Indicators Chart 2 Index of Economic Freedom Ranking by Pillar in Vietnam and Regional Comparison 2021 Chart 3 Index of Economic Freedom Ranking 2016-2021 Chart 4 Index of Economic Freedom: Judicial Effectiveness Pillar Rank in Vietnam and Regional Comparison 2017-2021 Chart 5 Index of Economic Freedom: Government Integrity Pillar Rank in Vietnam and Regional Comparison 2016-2021 Chart 6 Corruption Perceptions Ranking: Vietnam and Regional Comparison 2015-2020

FINANCING AND INVESTMENTS

Chart 7 Key Financial and Investment Indicators Chart 8 Index of Economic Freedom: Property Rights Pillar Rank in Vietnam and Regional Comparison 2016-2021 Chart 9 Bank Claims on the Private Sector as % of GDP 2016-2021 Chart 10 Bank Nonperforming Loans to Total Gross Loans 2016-2021

SKILLS AND LABOUR

Chart 11 Key Skills and Labour Indicators Chart 12 Population Aged 15+ with Higher Education 2016-2021 Chart 13 Education Indicators 2021 Chart 14 Number of University Graduates by Programme 2021 Chart 15 Employment by Age 2021 Chart 16 Employment by Gender 2021 Chart 17 Youth Unemployment Rate 2016-2021 Chart 18 Labour Structure Change 2016-2021 Chart 19 Labour Structure Comparison 2021 Chart 20 Self Employed as % of Total Employed Population 2021 Chart 21 Index of Economic Freedom: Labour Pillar Rank in Vietnam and Regional Comparison 2016-2021 Chart 22 Wage per Hour in Manufacturing Sector 2016-2021 Chart 23 Labour Market Regulations in Vietnam and Regional Comparison 2021

TRANSPORT AND INFRASTRUCTURE

Chart 24 Key Infrastructure Indicators Chart 25 Logistics Performance Index Scores by Pillar in Vietnam and Regional Comparison 2021 Chart 26 Logistics Performance Index Ranking for Vietnam and Regional Comparison 2016-2021 Chart 27 Transportation Mode Indicators in Vietnam and Regional Comparison Chart 28 Road Infrastructure 2021

DIGITALISATION AND INNOVATION

Chart 29 Innovation and Digitalisation Key Indicators Chart 30 Network Readiness Ranking by Pillar in Vietnam and Regional Comparison 2021 Chart 31 Network Readiness Ranking for Vietnam and Regional Comparison 2019-2021 Chart 32 Network Readiness Ranking: Technology Pillar for Vietnam and Regional Comparison 2019-2021 Chart 33 Intellectual Property: Vietnam Compared to Selected Regional Peers 2021

APPENDIX A

The 2021 Index of Economic Freedom

APPENDIX B

The Logistics Performance Index (LPI) 2021

APPENDIX C

The Network Readiness Index (NRI) 2021

APPENDIX A

The 2021 Index of Economic Freedom

APPENDIX B

The Logistics Performance Index (LPI) 2021

APPENDIX C

The Network Readiness Index (NRI) 2021

APPENDIX A

The 2021 Index of Economic Freedom

APPENDIX B

The Logistics Performance Index (LPI) 2021

APPENDIX C

The Network Readiness Index (NRI) 2021
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