The Rise and Fall of Vietnam Economy in 2024 (What Happened?)

The Rise and Fall of Vietnam Economy in 2024 that you need to know. It’s no secret that Vietnam faced challenging times in 2023, marked by numerous scandals and arrests that led to a significant decline in the country's economy and GDP. But just how severe is the situation and how is the economy impacted for 2024? Join Lawyer Ken Duong in this episode as he delves into the details of what's truly happening in Vietnam for this year. Will Foreign Direct Investment take a hit? Is it time to reconsider investing in Vietnam, or is change on the horizon? Let's get started!

00:00 So close to recovery but low Vietnam GDP
01:20 Now it's 80%!
01:45 Vietnam Economy: 2023 Rewind!
02:55 Sectors making the HEADLINES in 2023
03:37 It was a dip of 16.8%
03:57 Vietnam visa in 2023
04:32 Partnership Agreements
06:25 THE WORST YEAR For Real Estate in Vietnam
07:01 Vietnam's economy in 2024
08:02 6.3% vs 6.5%
10:45 New Laws in Vietnam
11:35 Lawyer Ken Duong's opinion
12:44 The Verdict!

Inspiring | Cinematic Experience by Alex-Productions
Sport Hip Hop Energetic | Cooking Time by Alex-Productions
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►About Duong Global Business Consulting Group◄
Duong Global is an international acknowledged worldwide business consulting firm that provides business and legal services specializing in the U.S. – ASEAN multilateral trade relations. Our aim is to enhance corporate competency and performance through result-based solutions, effectively combining processes, people and systems, designed to match clients' individual requirements. Our unique set of business and legal services include International & U.S. Business Law, Immigration Law, Real Estate, Franchising, Marketing, Intellectual Property, and Entertainment.

[jameswilliams]

I live part time in the Calmette Quarter in District 1. I count on your videos really assist me in making living in Saigon quite easy. I plan on retiring in Vietnam. I'm 68 and have been establishing my home in Saigon for the last 10 years. Thank you for your continuing advice on daily life in Vietnam. I find this service very useful.

[JosephQPham]

I am watching this video 11 months later. Not only did your channel got the 50k subscribed that you were hoping for. Your channel went up to 110k! Great job!

[timnic]

I love Vietnam and the people. Friendly, helpful and forgiving. I'm studying Vietnamese as I would like to retire there.

[tbbarabara]

Thank you for mentioning the retirement visa. Please keep us informed! Thank you for your program. If you can somehow get the long term retirement visa through, set up a visa processing office as well as real estate and other legal offerings, it would become even more interesting for you obviously--esp. if Vietnam will allow foreigners to own freehold. You are speaking of business development (BD). Since I worked in the field I am familiar with BD. What would be helpful for me is to have your opinion on--based on research--1) how the individual will best be able to invest in Vietnam and 2) when is the best time for the individual who is of non Vietnamese ancestry to begin investing to maximize that investment? I've traveled the world during the past few years and, Vietnam, seems to have the most potential of any country I see. I like your video. I just can't do Facebook. We have to find an alternative.

[-worlds-on-earth]

Infrastructure development in Vietnam lacks behind many developing Asean countries such as Malaysia, Thailand and Philippines.
The only strong plus point about Vietnam is the youth education is 2nd to Singapore in Asean in Pisa score, this said a lot about Vietnam’s future if corruption and frauds are under control.

[julienguyen]

Thank you for all your valuable videos!
Stumbling across them today and can’t take my eyes of them!
Really appreciate you!

[Rod-bpow]

Vietnamese economy experienced tough times, yet it can easily manage its economy, as presence domestically and OVERSEAS, its GDP preservation-natural resources are IMPORTANT, since TOURISM is TOUTED at Vietnam. Cool.

[Viking]

Ken, I enjoy and learn so much from your videos, I’m planning to soon be spending 1/2 of my years in VN, I visited for 3 months last time and very much enjoyed the food, the people and the sights. My wife is Vietnamese and we have thought about buying in VN but would probably rent for a year or two and allow ourselves time enough to make an informed decision. Also the retirement visa certainly sounds like a winner to me.

[jamesdond]

You do a good job. Keep it up. I would love to talk to you about my efforts here in Vietnam to increase the living standards of the people here...

[cuongtrinh]

Thank you very much for full information of present Vietnam business. Alway looks for your inside guide.❤

[MUK]

Thanks for sharing Ken and good to see you today inside the VCP elevator 😅

[hyperpedro]

Vietnam still has a very good economic growth despite real estate crisis. Factories moving there are helping a lot. So I am still bullish on Vietnam.

[tonynguyen]

Hi doung. I really enjoy your video. Hope 1 day when I decide to invest in Vietnam. I will contact you. If not than have a drink

[chulietkkk]

bruh this man essay's level is on fire hope watching u will give me a band 6 eco!!!

[qn]

VN seems to do everything right to attract foreign businesses. They still get an “F” grade for infrastructure improvements. The highways are awful and traffic gridlocks and potholes are pitiful. They are about 30 years behind Thailand in infrastructure and transportation improvements.

[dirtynoods]

What is the best way to request the 1 hour consultation?

[christopherlo]

I would really like to here about long term retirinement & home rental in DaLat where Ken's wife is from, my favorite Vietnamese 😍 town.

[drgta]

I love the exchange rate...the dollar is strong there.

[louiskats]

G’day Ken,

Vietnam is the tiger of Asia.
Bring on the retirement visa.

Cheers

Louis Kats 👍

[NewSpiritNewMan]

Vietnam do not forget your root! The enemies peace is an act of silent invasions. Vietnam should never let anyone ruined your country especially colonialism!