The Vietnamese tourism industry anticipates a strong breakthrough year with the global tourism market set to make a complete recovery by the end of 2024.

The domestic real estate market is believed to have reached the bottom and expected to roar back to life this year thanks to a slew of measures taken by the Government, ministries, agencies and localities.

2023 was a tough year for automobile manufacturers as demand was weak despite considerable price decreases. However, there was good news that marked an important milestone of the industry.

A report on the macro-economic situation of HCMC in 2023, which also gives forecasts related to the southern hub’s economic growth in 2024, was launched at a seminar held on January 4.

Joseph Uddo has been elected as the new Chairman of the American Chamber of Commerce in Hanoi in 2024.

The launch of K-UPA came as the ministry has been working with the state-run Ulsan Port Authority to open the centre in Vietnam’s southern province of Dong Nai to help Korean firms store goods under room or low temperatures.

Vietnam has set a target of obtaining US$54-55 billion in agro-forestry-aquatic export revenue in 2024.

As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.

As foreign-invested businesses always need high-quality human resources to apply new technologies, training skilled manpower is believed to help Vietnam attract more foreign investment.

The Ho Chi Minh Stock Exchange (HoSE) on January 4 announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE.

Prof Tech-Seng Low says Vietnam has been moving rapidly ahead in attracting semiconductor manufacturers.

Vietnam targets to increase land area meeting VietGAP standards by 10-15 percent a year and organic farming area to account for 1 percent of the total cultivation land by 2030.

Although it was the segment achieving the best growth in property in 2023, industrial real estate is forecast to face many uphill battles in 2024.

On Metamask, different payment methods using e-wallets, domestic banks and VietQR have appeared, serving Vietnamese who buy cryptocurrencies.

Without a long-term strategy and faster localisation, Vietnam's energy sector could very well fall short in the competition for renewable energy market share on home ground, said industry insiders and experts.

Fruit and vegetables, rice, coffee, cashewnuts, and pepper are expected to bring large amounts of hard currency to the national coffers in 2024.

Vietnam exported 267,000 tonnes of pepper worth US$912 million last year, representing an increase of 16.6% in volume, but a decrease of 6.0% in value compared to figures from 2022, according to details given by the Ministry of Industry and Trade.

Here are the 10 most outstanding economic events in Vietnam in 2023.

Vietnam is still weak at organizing agricultural production with value chains. Farm produce is mostly sold at traditional markets.

Nguyen Dang Quang, founder of Masan Group, has reappeared on Forbes’ list of billionaires after previously dropping out due to a fall in his assets.