7/16/2023 0 Comments Zero vpn premiumHowever, against this backdrop of continued development, Vietnam is facing headwinds at the start of 2023 that are likely to impact the ability of its population to spend. The core engines of Vietnam’s economic development seem robust: in Southeast Asia, wages for workers in the manufacturing sector remain among the lowest in Vietnam, and the country’s workforce is relatively highly educated. Vietnam’s prospects remain strong for the upcoming decade, since GDP growth is on the rise again-with year-on-year GDP growth of 2 to 7 percent expected between 20, McKinsey analysis shows. Middle-class consumers in Vietnam have generally been optimistic-a sentiment that appears to be prevailing as the country exits a period of economic slowdown and constraint. ![]() This article is a collaborative effort by Resil Das, Matthieu Francois, Khant Khant Kyaw, Dymfke Kuijpers, Linh Pham, and Van Pham, representing views from McKinsey’s Consumer Packaged Goods Practice.
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