Vietnam is one of the fastest growing economies in the world. With further boosts by greater economic and trade liberalization by the government, Vietnam’s aggregate annual growth is estimated at 6.5 percent for the period of 2018 to 2022.

Going forward, one of Vietnam’s focus is on its IT sector, in pursuit of becoming an industrial country by 2020. To incentivize investments in the country, the government has pledged to invest USD111.6 million from the State budget in the IT sector by 2020. The government has also approved the Smart Urban Development Plan (2016 – 2030), consisting of 3 phases.

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