In 2018, Viet Nam’s GDP growth rate hit a 10-year record high of 7.08%, making it one of the top growth performers in the region and the world. The average nominal GDP per capita was nearly US$ 2,600, equivalent to GDP per capita in PPP terms of US$7,600. Viet Nam’s development builds upon socio-political and macro-economic stability, as well as effective inflation control and improvements in the quality of growth. Moreover, the purchasing power of the 95-million strong population has made Viet Nam an attractive market for foreign investors.

Link: https://www2.deloitte.com/content/dam/Deloitte/vn/Documents/tax/vn-tax-vietnam-doing-business-2020.pdf