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Category: Services & Trade

This category includes the service sector, retail, logistics, finance, e-commerce, and tourism, alongside trade policy and investment trends. It covers import/export dynamics, banking regulations, stock market movements, and infrastructure development. With increasing integration into regional and global trade, this section provides insights into consumer behavior, foreign investment, and evolving service industries.

 

Vietnam foreign exchange market to reach US$7.9 billion by 2033: Report

Vietnam’s foreign exchange market reached US$3.4 billion in 2024 and is forecast to more than double to US$7.9 billion by 2033, with an expected compound annual growth rate (CAGR) of 9.61 percent during 2025–2033. The sector is expanding on the back of robust exports, foreign direct investment, and growing financial market sophistication, according to a report from IMARC Group.

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Philippines: IMF trims 2025 GDP growth forecast to 5.5 percent

The International Monetary Fund (IMF) has revised down the Philippines’ GDP growth forecast for 2025 in its April 2025 World Economic Outlook, while inflation expectations have been nudged upward. The new projections show real GDP expanding by 5.5 percent in 2025, a modest downgrade from 5.8 percent in October 2024, with a forecast of 5.8 percent for 2026.

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GDP: IMF forecasts Vietnam growth to reach just 4 percent in 2026

Vietnam’s near-term economic outlook has dimmed slightly, with the International Monetary Fund (IMF) lowering its GDP growth forecast for 2025 and 2026 in its latest April 2025 World Economic Outlook. Real GDP is now projected to grow 5.2 percent in 2025 and 4.0 percent in 2026, compared to 6.1 percent and 6.1 percent in the October 2024 forecast. This marks a downward revision of 0.9 percentage points for 2025 and a sharp 2.1 points for 2026.

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Banking: Vietnam’s bad debt jumps 3.3 percent in first two month of 2025

Nguyen Quoc Hung, General Secretary of the Vietnam Banking Association, has raised concerns about the speed at which bad debt is rising in Vietnam, Tuoi Tre is reporting. Total bad debt stood at VND 1,030 trillion (US$41.18 billion) at the end of 2024, rising by VND 34 trillion (US$1.36 billion), or about 3.3 percent, in the first two months of 2025.

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Key Challenges in Vietnam-US Trade Negotiations: Unpacked

The US-China tit-for-tat trade war has seen tariffs on China rise to 145 percent and tariffs on the US reach 125 percent. As a key link between these two economies, this puts Vietnam in a tricky situation entering trade negotiations with the United States. Add to that the often contradictory objectives of its foreign-invested and domestically owned sectors and this should make for some very interesting negotiations.

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Bonds: Vietnam sees March jump in corporate bond issuances

Vietnam recorded a jump in corporate bond issuance in March 2025, with VND 10.7 trillion (US$428 million) raised, according to data from the Vietnam Bond Market Association. The spike in issuance comes despite a heavy redemption calendar for the remainder of the year and some continued default activity.

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Vietnam Tourist Arrivals Tracker: March Update [data set]

Vietnam welcomed 2,054,309 international tourists in March, marking an 8.5 percent increase from February, according to Vietnam’s General Department of Tourism. Of the five segments recorded, the most foreign tourists came from Asia accounting for 1,614,360 arrivals with the biggest source country being China which accounted for 630,898 of Vietnam’s tourist arrivals in March.

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