ECONOMY

Vietnam and the Potential of the Vietnamese Economy

According to Price Water House Coopers, the world's expert valuation company, Vietnam will realize the fastest economic growth in the world until 2050, will have an economy exceeding 2.5 trillion dollars in 2045, and will appear as one of the most important production centers in the world. 

Foreign capital investment in Vietnam in 2020 is 24 billion dollars. As of 2019, Vietnam is individually recognized as a free market economy by 74 countries. It has Free Trade Agreements with many blocks (Eurasian Economic Union, European Union etc.) and countries (Japan, South Korea, China, Australia). 

In summary, Vietnam is one of the fastest growing countries in the region, attracting more and more foreign capital investments, with its population potential, stable political structure and the structural transformation it has made in recent years to become a free market economy. 

Turkey's Position in the Vietnam Market

Turkey's exports to Vietnam have doubled in the last 10 years, reaching 309 million dollars in 2018 with an increase of 30% compared to the previous year, and 339 million dollars in 2019 with an increase of 10%. Vietnam ranks 78th among our export markets, and Turkey is the 42nd country Vietnam imports the most.