Key View: We forecast real household spending in Vietnam to grow by 7.0% y-o-y in 2021, after the Covid-19 pandemic led to a y-o-y slowing in growth of 0.8% in 2020. The Vietnamese government was relatively successful at curtailing the spread of the virus in 2020 and has lifted many of the related restrictions (as of February 2021). Households

Key View

• Vietnam and India will have multiple collaboration opportunities in pharmaceuticals.
• Generic medicines will continue to account for an increasing share of pharmaceutical sales in Vietnam.
• Indian generic drugmakers will leverage the current favourable investment landscape to gain greater market share.

Key View

• Viettel’s rebranding is part of its broader efforts to transform itself to be a comprehensive digital player, and to expand its international reach.
• Digitalisation opportunities in Vietnam remain strong in light of sustained foreign investments into domestic sectors and the government’s sustained push for digital transformation.
• Hea

Key View

• Following the statistical office's release of the budget outturn up to December 15 2020, along with the fourth quarter GDP, we at Fitch Solutions now estimate Vietnam’s 2020 budget deficit (excluding debt repayment), to come in at 2.0% of GDP, against 3.6% previously.
• We maintain our forecast for the 2021 budget deficit (excluding

Key View

• The digital healthcare sector in Vietnam holds a lot of promise.
• The need for Vietnamese hospitals to meet the significant demand for medical services will see healthcare providers look towards technology to enhance their operational efficiency.
• There remain some challenges to digital health solution adoption in Vietnam.

Vietn

Key View

• The Vietnamese economy grew 4.5% y-o-y in Q420, accelerating from an upwardly revised 2.7% y-o-y (from 2.6% y-o-y) in Q320, and resulted in full-year growth of 2.9% in 2020.
• The pick-up in the fourth quarter was broad-based across the primary, secondary and tertiary sectors.
• We at Fitch Solutions continue to expect the Vietnamese

Key View

• The recently signed Free Trade Agreement between the EU and Vietnam will liberalise trade between the two nations over the next seven years.
• We believe Vietnamese seafood is ideally placed to take advantage of this. Vietnam is already a top seafood import market for the EU and with an free trade agreement (FTA) making its products

Key View

• The use of telecare in Vietnam's healthcare sector will grow facilitated by the government's focus on leveraging telecare services to improve healthcare access.
• In addition, the need for Vietnamese hospitals to meet the significant demand for medical services will see healthcare providers look towards technology to enhance their

Key View

• The Vietnamese construction and infrastructure market has one of the most diverse competitive landscapes in the South-east Asia region.
• More than half of construction roles are awarded to foreign contractors, reflecting the openness of Vietnam’s construction market. Foreign participation is mainly represented by South Korea, Japanese

Key View

• Food, drink and textile exporters in Vietnam and the EU will be some of the largest beneficiaries of the Free Trade Agreement (FTA) was ratified on June 08.
• Vietnam is now the second Association of Southeast Asian Nations (ASEAN) country to sign a FTA with the European Union.
• The FTA will lead the EU eliminate approximately 71% of