US-China trade tensions have brought mixed fortunes for Vietnam. Its open economy has felt the impact of the trade war and financial volatility, but has nonetheless remained resilient to these external headwinds, with growth reaching a 10-year high of 7.1 per cent in 2018, supported by robust domestic demand from a growing, urbanising middle class and by rising inflows from tourism, remittances and direct investment.
At the same time, Vietnam is emerging as a beneficiary of a diversion in trade flows as a result of ongoing US-China trade tensions. Fiscal policy consolidation, new government guarantees and a robust economy have put debt on a firmly downward trajectory.
In this off-the-record briefing, Mr Dinh Tien Dung, Minister of Finance of Vietnam, will brief Asia House Corporate Members on how global trade tensions are shaping the outlook for Vietnam’s economy and the future prospects for its businesses and investment landscape.
Mr Dinh was appointed Minister of Finance in May 2013. He leads the Ministry of Finance on managing the national budget, finances of state corporations, state borrowing and the activities of stock markets. Having set out to improve the quality of the investment environment in Vietnam and its growth prospects, his priorities include boosting economic restructuring to foster innovation, labour productivity, and the competitiveness of the economy.
This briefing is held exclusively for Asia House Corporate Members. For more information, please contact email@example.com.