Welcome to the "Consumer Trends in Vietnam 2023" report! Here are the key highlights driving Vietnam's growth in the coming decade. ๐๐ป๐ณ
1. Strong Working Population ๐ทโโ๏ธ๐ทโโ๏ธ
Vietnam boasts a high working population with a low dependency ratio. This robust workforce, characterized by youth, dynamism, and creativity, contributes significantly to the country's sustainable development.
2. Impressive GDP Growth ๐น
Over the past decade, Vietnam's GDP has grown at an average rate of 5.9%, showcasing the nation's economic strength and resilience in the face of global challenges.
3. Profits from Manufacturing and Investment ๐ญ๐ฐ
Increasingly strong growth in investment, especially in manufacturing, has driven profits and provided a powerful boost to the economy.
4. Rising Consumption of Goods and Retail Services ๐
The consumption of goods and retail services continues to rise, reflecting the growing needs of consumers and the development of the domestic market.
5. Booming Domestic Tourism ๐๐๏ธ
In the context of affected international tourism, domestic tourism has filled the gap, maintaining the industry and creating jobs for the population.
6. Explosive Growth in the Internet Economy ๐ป
In 2022, Vietnam's internet economy reached $23 billion, demonstrating the remarkable growth of e-commerce and online services.
7. Household Financial Growth ๐ก๐ต
The financial status of Vietnamese households is on the rise, providing a solid foundation for sustainable economic development and improved living standards.
8. Financial Ecosystem Supporting E-Commerce ๐ณ๐๏ธ
An increasingly complete financial ecosystem strongly supports e-commerce and electronic payments, facilitating convenience for both consumers and businesses.
๐ฎ Looking Ahead
These factors will drive Vietnam's growth in the next decade, positioning it as one of the fastest-growing economies in the region.
Let's seize the opportunities from these trends to lead in this promising market! ๐