Business News

In 2024, the Vietnamese banking industry faced continuing headwinds with flexible policies on sectoral administration and inflation control and strong restructuring steps designed for the 2021-2025 phase.

The Ministry of Industry and Trade projected Vietnam's retail e-commerce market to exceed US$25 billion in 2024, a 20% increase from 2023, surpassing the US$22 billion forecast by Google, Temasek, and Bain & Company.

Vietnam possesses all five essential factors and conditions necessary to develop a modern financial market, paving the way for the establishment of a regional and international financial hubs.

Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by foreign capital inflows, economic resilience, and looming corporate bond maturity pressures, according to one securities expert.

The year 2025 is expected to mark a new development cycle in the real estate market in Vietnam. According to experts, this will be a pivotal time, underpinned by a strong recovery, especially in large cities such as Hanoi and Ho Chi Minh City. With a strengthened legal framework and strong government support, the market is set for a period of stable and sustainable growth.

With its strong growth rates and expanding infrastructure, Vietnam has positioned itself as an attractive destination for European businesses looking to expand in the region.

The woodworking industry will strive to achieve the export target of US$18 billion for this year, the Handicraft and Wood Industry Association of HCM City has said.

The Government's focus on achieving a GDP growth rate between 6.5 per cent and 7.5 per cent in 2025 underscores the critical role of electricity in sustaining industrial and economic activities.