SMALL BUSINESS GROWTH SOARS TO FOUR-YEAR HIGH
Vietnamese small businesses experienced a successful 2024, with 82 percent reporting growth, up from 77 percent in 2023-the country’s highest result since 2019, a survey shows. This momentum is expected to accelerate in 2025, with 92 percent of small businesses expecting to grow, the highest projection among 11 markets surveyed, according to annual small business survey of CPA Australia - one of the largest professional accounting bodies in the world.
AGRO-FORESTRY-FISHERY EXPORTS NEAR US$16 BILLION IN Q1
Vietnam’s exports of agricultural, forestry, and fishery products totaled US$15.72 billion in the first quarter of this year, up by 13.1% against the same period last year, according to the Ministry of Agriculture and Environment. Of the total, agricultural exports reached US$8.53 billion, up by 12.2% year-on-year, while livestock products brought in US$131.3 million, an increase of 18.5%.
FOREIGN GROUPS KEEN ON SMART MANUFACTURING
More foreign financiers are planning new initiatives in Vietnam as it strives to transform itself into a smart manufacturing powerhouse. At last week’s conference on intelligent manufacturing industry collaboration in Hanoi, experts and Chinese businesses praised the status of Vietnam as an attractive destination for foreign investors and an important link in the global supply chain.
RETAIL STOCKS SEE PROMISING OUTLOOK THIS YEAR
With economic stability, policy support and a shift in consumer behaviour, retail and consumer stocks are emerging as key beneficiaries. Việt Nam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise. As investors look for sustainable growth sectors, Việt Nam’s modern retail and consumer goods industries appear poised to outperform other sectors in 2025.
ĐỒNG NAI’S Q1 FDI ATTRACTION NEARS YEARLY TARGET
The southern province of Đồng Nai attracted US$927 million in foreign direct investment (FDI) in the first quarter of the year, coming close to its annual target of $1.1 billion, according to reports from the provincial Department of Finance. Of the total, $407 million was invested in 29 new projects, while more than $520 million went to existing ones.
VIETNAM EXPORTS MAINTAIN ROBUST GROWTH
Vietnam’s export-import sector remains a key economic pillar in early 2025. Aiming for a 12-14% increase in export turnover compared to 2024 and a trade surplus of US$30 billion as outlined in Resolution 25/NQ-CP, Vietnam sets its sights on a promising growth path, requiring trong government-business cooperation.
ECONOMIC GROWTH AND GREEN ENERGY FROM VIETNAM’S EV TRANSITION
Vietnam aims to fully decarbonize its economy by 2050. Following the Prime Minister of Vietnam's commitment to net-zero emissions at the United Nations Climate Change Conference in Glasgow in November 2021 (COP26), the country has developed and begun implementing plans to reduce carbon emissions in the transportation sector.
VIETNAM EYES ONE MILLION MORE BUSINESSES BY 2030
Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs). Prime Minister Pham Minh Chinh has signed a new directive aimed at promoting the growth of SMEs. Directive 10 highlights the vital role of the private sector, particularly SMEs that account for 98% of all businesses nationwide, contribute over 50% of GDP, 30% of state revenue, and provide over 40 million jobs.
