German journal highlights Vietnam’s prospects
(VOVWORLD) - German securities news site Börse-online.de ran an article on Monday highlighting the high prospect of the stock market inVietnam and the Vietnamese economy after COVID-19, underlining that the Southeast Asian country may grow 8% next year.
The Vietnamese Government is partially equitising State-owned enterprises and listing these companies on the stock exchange. This helps make Vietnam increasingly attractive to foreign investors.
Direct investors believe that Vietnam, which is still classified as a Frontier Market, will be moved to the group of Emerging Markets in the next few years. By the end of 2020, Vietnam’sstock market capitalisation reached 160 billion EUR.
The article said that Vietnamese leaders expected to promote the Internet economy as a driving force for growth and production, so they have advised and supported startups from this industry. It is expected that, by 2025, 80% of public services will be handled online or via mobile phone. The Vietnamese Government has set a target that in the next three years, the digital economy is expected to contribute 25-30% to GDP.