Vietnam has a good opportunity to take advantage of the global investment and trade shift, affirming its important role in regional and international value chains.
A historic turning point in the global economic picture
Citing information from a report by Singular Bank (Spain's leading financial institution), the Vietnam Trade Office in Spain said that the global economic picture is witnessing a historic turning point. The year 2025 will mark an important milestone for the world economy.
According to Singular Bank, by 2025, Southeast Asia will become an attractive investment destination for global investors. Because, in Southeast Asia, especially the ASEAN-6 group (Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) has been affirming its important role on the world economic map.
Vietnam and the Philippines lead the way with growth forecasts of over 6% for 2025, according to Singular Bank. Meanwhile, major economies show different growth momentum: the US maintains 2.6%, the Eurozone reaches 1.1%, and China is stable at 4.4%.
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| Vietnam has a good opportunity to take advantage of the global investment and trade shift to affirm its important role in regional and international value chains. Photo: Trung Duong |
In addition, the Singular Bank report also pointed out five trends that will shape the world in 2025 and beyond. One is digitalization, the deep integration of digital technology and artificial intelligence into all aspects of the economy. Two is decarbonization, the comprehensive transition towards a green, sustainable economy. Three is population change, the impact of population aging and changes in the structure of the workforce. Four is deglobalization, the trend of restructuring supply chains towards regionalization. Five is restructuring the international order, the change in the global balance of power.
Not only that, the bank's report also pointed out that the balance of power has been changing as the US leadership role has recovered significantly, from a low of 6% in 2019 to 47% in 2023, thanks to its effective response to the Covid-19 pandemic and the Ukraine crisis. In contrast, China's influence has declined from 55% (2007) to 22% today.
Strategic opportunities are opening up for EU-ASEAN cooperation in the context of US-China competition. The EU is positioning itself as a reliable “third partner”, providing advanced technology and high quality standards in return for access to ASEAN’s dynamic market.
From the above analysis, the Vietnam Trade Office in Spain believes that 2025 will be a pivotal year in shaping the new world economic order. Businesses and governments need to increase their ability to adapt to changes and develop sustainable cooperation, especially in the EU-ASEAN relationship. Success in this transition period requires a balanced, flexible approach and a long-term vision.
Vietnam needs to take advantage of the global investment and trade shift
Regarding the Vietnamese market, the deal said that Vietnam is emerging as a bright spot in the ASEAN-6 region with many notable advantages. The growth forecast of over 6% for 2025 puts Vietnam among the fastest growing economies in the region, reflecting effective reform efforts and international integration.
“ In the context of shifting global supply chains, Vietnam is benefiting from the "China +1" strategy of many multinational corporations. The advantages of geographical location, young human resources and competitive costs continue to attract foreign direct investment (FDI) flows into processing, manufacturing and high-tech industries” - The Vietnam Trade Office in Spain informed and commented that with an important geostrategic position and a stable macroeconomic foundation, Vietnam has a good opportunity to take advantage of the wave of global investment and trade shifts, affirming its important role in regional and international value chains.
In addition, the Vietnam Trade Office in Spain also said that the strategic relationship with the EU opens up new opportunities for Vietnam. The Vietnam - EU Free Trade Agreement (EVFTA) facilitates access to the EU market, while promoting digital transformation and sustainable development through technological cooperation and quality standards.
However, Vietnam is also facing many challenges from fluctuations in the global economy, such as pressure to improve the value chain and increase labor productivity; challenges in sustainable development and carbon emission reduction... Therefore, the Vietnam Trade Office in Spain recommends that the domestic business community needs to accelerate the digital transformation process and train human resources; at the same time, balance geopolitical relations in the context of many fluctuations in global trade.
| The strategic relationship with the EU opens up new opportunities for Vietnam. The EU-Vietnam Free Trade Agreement (EVFTA) facilitates access to the EU market, while promoting digital transformation and sustainable development through technology cooperation and quality standards. |
Source: https://congthuong.vn/co-hoi-tan-dung-lan-song-dich-chuyen-dau-tu-thuong-mai-373689.html
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