According to PwC
Vietnam, agriculture is one of the five areas that have many opportunities for
growth and receive the wave of international investment in the coming time.
The abundant, young
labor force, the highly competitive economy, a government that is committed to
promoting growth are three key factors that boost growth and provide
opportunities for investors.
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The first in the list is
business process outsourcing (BPO), with growth rates ranging from 20% to 35%
annually over the past decade. With 40,000 bachelor's degree in information
technology entering the labor market every year, the BPO sector is having a
human resource advantage. In the long run, the outlook for this industry is
very large as it is relatively new. The size of the BPO market in Vietnam is
over $ 2 billion while India is $ 143 billion.
The second is the new
energy sector such as solar and wind power. Research suggests that the main
sources of electricity for power generation in Vietnam are facing some
problems. Hydropower has almost exploited. Power plants using gas turbines and
coal is increasingly expensive and limited resources. Meanwhile, domestic
energy consumption is increasing sharply.
The third sector worth
mentioning is the luxury hotel investment . The number of new luxury and high
glass hotels entering the market annually is still low compared to popular
tourist destinations in the region. For example, according to JLL data (Jones
Lang LaSalle), Ho Chi Minh City has only more than 1,000 new hotel rooms in
2017, while the number in Manila or Jakarta is more than 3,100. Also Pwc,The
number of foreign visitors to travel has tendency to increase as well as in
middle-class expenditures. This means the large investment potential in luxury
hotels.
Besides, the
government's efforts to promote the application of technology in agricultural
production are opening up great opportunities for modern agriculture and the
food industry.
Meanwhile, economic
growth, rising incomes and rapid urbanization have changed the way of life and
eating habits of the people. Consumers are increasingly fond of packaged and
processed foods with high quality and usability.
Finally, retail
banking, PwC said ANZ's withdrawal from the retail banking sector in Vietnam
does not mean that the potential of the sector is poor. Contrasting this fact, it
is being hunted and bought by a Korean financial companies. Demand for a range
of retail banking products is forecasted to rise as insurance. This is due to
the fast-growing middle class.
"These industries
show that Vietnam has the potential to improve its position in the value chain,
exploit human resources, knowledge and technology platforms better
Source: Vnexpress
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