Business News

Recent adjustments to Việt Nam's economic growth forecasts from major financial institutions highlight growing confidence in the country's economic trajectory.

In 2024, Vietnam saw over 157,200 newly registered businesses and nearly 76,200 businesses resuming operation, bringing the total number of new and revived businesses to over 233,400, a 7.1% increase compared to 2023.

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Việt Nam-China trade reached a new record of US$205.2 billion in 2024, marking a new milestone in two-way trade.

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.

This past New year's date, Cathay Pacific, in collaboration with the Ho Chi Minh City Department of Tourism, welcomed the first international passengers of 2025 at Tan Son Nhat International Airport.

In 2024, Vietnam's export turnover reached US$405.53 billion, up 14.3% from the previous year. The domestic sector contributed US$114.59 billion, up 19.8%, making up 28.3% of total exports, while the foreign-invested sector (including crude oil) reached US$290.94 billion, up 12.3%, accounting for 71.7%. This solid performance sets the stage for a breakthrough in exports in 2025.

HCMC – The northern province of Bac Ninh emerged as Vietnam’s top destination for foreign direct investment (FDI) in 2024, attracting nearly US$5.12 billion, accounting for 13.4% of the national total, according to the General Statistics Office.