Listed companies’ earnings growth is expected to recover from zero last year to 10-15% this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.

Vietnam’s cashew industry eyes export growth despite global headwinds, according to insiders.

The Vietnam Association of Realtors (VAR) believes that 2024 will be the last year the real estate market will face hurdles before it begins recovering and becomes stable in 2025.

The Government targets to create a favourable business environment to facilitate new business initiatives and innovations and to reduce costs and risks for businesses.

2023 was a challenging year for the Vietnamese automobile market as sales fell 25% year-on-year despite a 50% cut in the registration fee from July 1, according to the Vietnam Automobile Manufacturers Association (VAMA).

The management board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target to attract 550 million USD in investment capital this year, averaging 8.5 million USD per ha.

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and second half of the year, respectively).

More than 1,800 night flights, equivalent to 8% of the total number of domestic flights, will be operated from January 21 to February 25 to meet the increasing travel demand during the Lunar New Year (Tet) holiday.

The Mercantile Exchange of Vietnam (MXV), the only national centralised commodity trading market organiser in Vietnam, has said that it will focus on building specialised commodity trading floors in the coming time.

Electricity of Vietnam (EVN) has signed 19 contracts with investors on importing electricity from 26 hydropower plants in Laos with a total capacity of 2,689MW.

Vietnam has emerged as a frontrunner in B2B sales on credit, boasting a 67 per cent ratio, surpassing the 51 per cent average in Asia, reported a recently-revealed Atradius Payment Practices Barometer survey.

Despite the economic downturn, large banks have announced excellent results for 2023 and met all the targets they set for themselves.

Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.

Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market.

The Vietnamese economy is likely to grow 6.3% in the first quarter, and 6.5% in the April-June period. Vietnam’s GDP growth is forecast at 6% for this year, and 6.4% next year, said Bloomberg’s survey.

Up to 77.41% of the adults in Vietnam have payment accounts at present, an increase from 31% during the 2015 - 2017 period, an official of the State Bank of Vietnam (SBV) cited a World Bank report as saying.

Vietnam gained a record-high export turnover of $4.8 billion from rice in 2023. However, former Deputy Minister of Agriculture and Rural Development Bui Ba Bong said there are still two things that need to be done.

Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade.

The Government Inspectorate has forwarded dossiers about four power projects in Ninh Thuan to the Ministry of Public Security for investigation. Meanwhile, two floating solar power projects in Ba Ria – Vung Tau have been found violating the Land Law.

The Vietnamese market is expected to welcome 230,500 more enterprises, both newly established and those resuming operations, in 2024, according to the General Statistics Office (GSO).