Việt Nam News

The Vietnamese stock market increased on Monday in line with the short-term uptrend, while foreign investors continued the net selling.

As the domestic economy is forecast to continue facing numerous difficulties and challenges together with complicated global economic developments, Prime Minister Phạm Minh Chính asks the central bank to keep a close watch, and raise monetary policies promptly, proactively and flexibly.

Despite challenges, the group was able to achieve a total import-export turnover of $675 million, with exports reaching $465 million or 90 per cent of the year's plan.

VinFast and the State Government will work toward a total investment of up to US$2 billion, with an intended commitment of $500 million for the first phase of the Project, spanning five years from the commencement date. This move indicates a significant step in VinFast's expansion into the world's third-largest vehicle market.

Despite a sluggish period in 2023, dealmakers are anticipated to be driven by several factors that will stimulate transaction activity next year.

Expanding customer bases and diversifying products are the necessary solutions to maintain production and grow businesses, experts say.

Experts say Việt Nam's industrialisation and modernisation strategy for the 2021-2030 period, with a vision to 2045, needs to adapt to rapidly changing domestic and international contexts.

Domestic consumption is one among three drivers for growth, besides investment and export, and is the only pillar which finished the target last year with the total retail sales of goods and services rising by 9.6 per cent.

Measures to achieve this growth target include speeding up public spending, enhancing public services, streamlining administrative reform, controlling inflation and stabilising the macro-economy.

After many days under strong fluctuation, domestic gold price has become more stable after the issuance of the SBV’s Decision 02/QĐ-NHNN.

This year is expected to mark the final stage of overcoming obstacles in the Vietnamese real estate market. The market will gradually achieve stability, potentially leading to a more positive outlook.

Việt Nam has more opportunities to boost fruit and vegetable exports to China this year due to signing more protocols to permit official exports of fruits and vegetables to this neighbouring market.

The return of banking stocks leading the market’s trend and a surge in liquidity signal significant capital entering the stock market.

Bia Saigon on Saturday officially kicked off the Year of Dragon corporate social responsibility (CSR) programme “Tết sẻ chia – Năm Rồng khởi sắc” (Sharing Tết, prosperity in the year of Dragon), in the southern province of Bình Dương where Bia Saigon has operated for over 17 years.

Along with highlighting the investment environment and incentives for investors of Việt Nam and Laos, participants evaluated bilateral investment and business cooperation over the years, and sketched out collaboration orientations for the future.

The export initially affirmed the position of the locality’s fruit in demanding markets like Australia and the US.

A representative of Mobile World also said that compared to November, mobile phone revenue across the system fell slightly in December this year.

The bond market experienced a noticeable improvement in the latter half of 2023, but businesses still face challenges when it comes to issuing bonds in 2024.