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Vietnam’s Economy: Everything You Need to Know 2024

Vietnam’s economy has emerged as one of Southeast Asia’s fastest-growing and most dynamic markets, attracting significant global attention. With a population of over 100 million, a strategic location in the Asia-Pacific region, and a rapidly industrialising economy, Vietnam has become a manufacturing and export powerhouse.

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Vietnam Trade: Everything You Need to Know 2024

Vietnam has established itself as a key player in global trade, thanks to its strategic location, favourable trade agreements, and robust manufacturing sector. In 2024, Vietnam continues to leverage its open economy, with exports playing a crucial role in driving growth. The country is well-integrated into the global supply chain, exporting a diverse range of goods including electronics, textiles, machinery, and agricultural products. 

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Vietnam Purchasing Managers Index records 5.1 point fall in September

The S&P Global Vietnam Purchasing Managers’ Index has recorded a 5.1 point fall in September, from 52.4 in August to 47.3 a month later, according to a press release from the firm. This moved the index below the 50-point break even mark which means that Vietnam’s manufacturing industry, according to the index, contracted in September.

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Should Vietnam Be Worried About Indonesia Joining the CPTPP?

Last week, Indonesia officially applied to join the Comprehensive and Progressive Trans-Pacific Partnership free trade agreement. Whereas the benefits to Indonesia are clear, for Vietnam, a founding member of the agreement, it could be problematic. This article looks at the risks and opportunities for Vietnam if Indonesia’s accession is approved…

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Military Commercial Bank: Vietnam Stock Overview

MBB’s total operating income increased by 11.3 percent year over year in the first half of 2024 with the banking industry benefiting from a more stable macroeconomic environment than in 2023 and a rebound in credit demand. Net interest income, however, increased by only 1 percent…

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Buy Now Pay Later service debuts on petrol station app in Vietnam

Of note, the Buy Now, Pay Later–BNPLY–market is projected to grow at a compound annual growth rate of 29.2 percent from 2024 to 2029, according to a report from Markets and Research. The gross merchandise value of buy now pay later in Vietnam is expected to rise from US$1.32 billion in 2023 to US$6.89 billion by 2029…

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Vietnam securities firms hit deadline with thousands of trader IDs unverified

There were around 8 million active trading accounts last count but these are clearly not all being used. In October last year, MB Securities closed over half a million accounts that had been opened with the firm but had never recorded a transaction. This is just one of around 20 to 30 brokerages in Vietnam too, and in this context, this ID requirement may see many more accounts closed…

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Vietnam real estate giant’s profit swings to loss after financial statement audit

Vietnam real estate giant Novaland has banked its worst half year on record after audited financial reports found huge discrepancies from what was earlier reported, The Investor has reported. Specifically, the company’s own financial statements reported a profit of VND 3.5 trillion or US$142.2 million, however, an audit found the company had actually made a loss of VND 7.3 trillion or US$296.6 million…

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Vietnam-made tyres subject of South African anti–dumping investigation

This announcement is in line with a growing narrative around Chinese producers using third-countries, particularly in Southeast Asia to circumvent trade remedies. Of note, genuine Vietnamese producers and exporters often get caught up in these investigations. Whereas they can apply for separate antidumping rates, this still consumes time and resources that many local firms, on the back of broader economic challenges, may not have.

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