Six months into 2024, just days ago, Vietnam’s General Office of Statistics released GDP data that showed a marked improvement for the local economy compared to 2023. Specifically, it found that GDP growth for Vietnam for the second quarter of this year had hit a phenomenal 6.83 percent, bringing the average growth rate for the year so far to 6.42 percent. This growth, however, has not been felt equally and in this light this article breaks down the finer nuances of Vietnam’s GDP growth in the first half of 2024.

More than half of Vietnam securities firms failing to meet disclose requirements

the-shiv July 3, 2024

Information disclosures on the Ho Chi Minh City Stock Exchange have been cited by key stock market index makers FTSE Russell and MSCI as one criteria holding the local bourse back from being upgraded from frontier to emerging. The irony here is that these securities firms stand to probably benefit the most from a stock market upgrade…

Beleaguered Vietnam international school suspended by city Education Department

the-shiv July 3, 2024

Of note, it is not unusual for Vietnamese firms that have run out of money to hold out for as long as possible by selling assets and cutting staff. Furthermore, it is not unusual for them to be allowed to do so, with a firm not considered insolvent until its debts are over 90 days past due. That said, many firms often go well beyond 90 days…

Two more luxury brands enter the high-end retail fray in Vietnam

the-shiv July 3, 2024

This is partly due to the growing demand for luxury goods in the rapidly developing Southeast Asian nation. According to Statista, Vietnam’s luxury goods market is projected to generate revenue of US$992 million in 2024 and is expected to have a compounded annual growth rate of 3.10 percent between 2024 and 2028. This trend, however, may be contributing to a scarcity of prime retail space for luxury brands…