Vietnam's growth sectors for the coming years

The Vietnam Venture Summit 2023, held in Hanoi, explored Vietnam's status as an investment hub for 2024. Despite the uncertainties of 2023, Vietnam attracted nearly $20.21 billion in foreign direct investment in the first nine months of the year, reflecting its strong economic expansion. The country's resilience is attributed to policies that support innovation and digitization, fostering international trade relations. The Summit also launched a report, "Road to Greatness: Rewriting Vietnam's Growth Playbook," highlighting Vietnam's economic resiliency. The event featured leaders from various sectors and emphasized Vietnam's role in the global supply chain. Additionally, Vietnam is strengthening its global partnerships and positioning itself as a center for high-value foreign direct investment. The country is set to dominate the listing of international companies in the next 18 months, demonstrating its economic growth. The report identifies five key sectors for Vietnam's future growth: healthtech, fintech, tech-enabled logistics, green economy, and edtech. These sectors align with Vietnam's goal to become a developed nation by 2050 and the global demand for innovation.

Vietnam's Top 5 Sectors to Watch Looking ahead, five key sectors are predicted to dominate Vietnam's growth, according to the joint report by NIC and Golden Gate Ventures[3]: healthtech, fintech, tech-enabled logistics, green economy and edtech. Healthcare spending per capita in Vietnam has tripled over the last five years with the rising consumer class and influx of expatriates into the country. The transaction value of the fintech sector is set to grow at an aggressive 15 per cent CAGR over the next four years to address 70 per cent of the population that still remains unbanked. Meanwhile, in the tech-enabled logistics segment, asset-light models have become the game-changer. On the green economy front, Vietnam is leading Southeast Asia's clean energy drive with wind and solar power innovations, while edtech is a natural growth sector with the increased attention that Vietnam has gained as an investment hub.