Webinar: Power, Politics, Potential: The new realities of doing business in Vietnam

Vietnam, one of the world’s fastest-growing economies with over 8% GDP growth in 2022, pro-foreign investment policies and a relatively stable political environment, is undoubtedly one of Asia’s most attractive investment destinations.

However, the country’s economy has faced significant headwinds this year, with reduced export orders due to the global economic slowdown, restrictions on corporate bond markets and rising interest rates. Most critically, the political landscape in Vietnam has become less stable with political infighting within the Communist Party of Vietnam ahead of the mid-term party congress that is expected later this year. In January, three key national leaders, including the president, were forced to step down on charges of corruption – a move unprecedented in recent Vietnamese political history. 

The infighting has unsettled the business environment. Multiple conglomerates are caught up in a highly politicised anti-corruption campaign, and many investors have been frustrated by project approval delays. This is currently affecting the real estate sector, but the crackdown is expected to expand to other sectors, such as finance and healthcare.

Control Risks will be hosting a webinar on:

•    What impact might the corruption crackdown have on foreign investment? If the economy remains strong and government policy remains supportive, do foreign investors need to be concerned? 
•    What are the choices of replacement for the president? Are there going to be changes in business and foreign policies?
•    What can businesses with exposure in Vietnam do to manage the risks?