**Jul. 07 ~ Jul. 10, 2015

Vietnam economic prospects 2015
• Vietnam's economy in 2015 will have many opportunities to rebound with expected GDP growth of around 6.0-6.2%, higher than the expectation of 5.9% for 2014.
• Input costs for firms may fall under the impact of lower energy prices. Low interest rates will help boost investment and consumption. However, businesses and individuals with weak financial condition find it difficult to access loans.
• Personal consumption in 2015 is believed not to pick up significantly due to slow improvement in incomes, but will be better than 2014 thanks to price stability.
• Besides of low interest rate environment, real estate market will benefit from newly issued regulations. 2015 could be a fruitful year for this market.
• Trade Agreements about to be signed will create both favorable conditions and challenges for local businesses. 

Emerging Opportunities in the Manufacturing Industry

With an aim to become industrialized country by 2020, Vietnam’s manufacturing industry has been undergoing major changes as a result of government initiatives, WTO commitments and industrial liberalization. Industrial development strategy for the period 2011-2020 to focus on the development of Automotive, Electronics, Information, Communications, etc. technologies are expected benefit from the industrial development strategy. Due to improving business climate, increased trade and investment cooperation, low labour cost and Vietnam is expected to emerge as a major manufacturing hub in the ASEAN region.

(Source: reportbuyer.com)

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