Looking Ahead to 2020

Vietnam enjoyed “Goldilocks” economic conditions in 2019, with strong GDP growth and modest, relatively stable inflation. Vietnamese consumers remain among the most confident in the world, and household consumption continues to be high. Meanwhile, the US-China trade war has brought a wave of new foreign direct investment (FDI) to Vietnam, accelerating the pace of expansion in the manufacturing sector that was already under way prior to dispute’s start. Additionally, the relatively volatile stock market is looking like it will end the year on the upside. All-in-all, 2019 has been another solid year of growth for Vietnam.