It is believed that the biggest risk to Vietnam's economic growth is increasing trade difficulties. Vietnam is not immune to the effects of the slowdown in global trade.
"Vietnam's GDP per capita growth is the most impressive in the world. This reflects the dynamism of Vietnam's economy and its outstanding development over the years," Forbes emphasized in a recent article.
Despite inflation and economic recession, the healthcare industry in Vietnam is forecasted to continue to grow steadily in the coming period when the demand for medical examination and treatment, drug prices, and hospital fees all increase sharply while input costs increase at a much slower rate.
The positive credit growth in the first months of the year is an important signal, reflecting the recovery process of the economy. However, there are still concerns about credit control, tightening and the risk of cash flow disruption from businesses.
Vietnam's insurance market is considered to be potential with low penetration rates and average premiums. In addition, the number of life insurance policyholders is only about 10 million, equivalent to about 10% of the population. This ratio is expected to increase to 15% by 2025 by the Ministry of Finance.