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World Bank ups GDP growth forecast for Vietnam in 2024

The World Bank has released its August 2024 Taking Stock Report in which it forecasts GDP growth in Vietnam of 6.1 percent this year. This is a significant bump from a forecast of just 5.5 percent in the bank’s April Taking Stock Report.

This revised projection is based on: 

See also: Vietnam’s Economy in the First Half of 2024: Unpacked 

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German fitness chain Fit24 halts operations in Vietnam, reasons unclear

October 8, 2024

Of note, Opening a gym in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct gym culture. This can take a little getting used to and may make penetrating Vietnam’s gym-going consumer class challenging…

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Vietnam’s floriculture market set to reach US$3.4 billion by 2032

October 8, 2024

The sector’s growth can be attributed to increasing demand for flowers and ornamental plants, both domestically and internationally. Vietnam’s floriculture industry has gained recognition for its diverse range of high-quality flowers, with expanding export opportunities and rising consumer interest in ornamental plants driving further development.

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Paying For Vietnam’s High-Speed Rail: Unpacked

October 8, 2024

Vietnam’s Transport Ministry has said that Vietnam’s high-speed railway project connecting Hanoi and Ho Chi Minh City will utilise domestic finances and technology, as opposed to support from abroad. It is, however, expensive and financing it alone will be challenging.

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Top 10 Vietnam securities firms gain 2.67 percent market share Q3 2024

October 7, 2024

The biggest improvement belonged to Viet Cap Securities which saw a 1.46 percent increase in its market share with the biggest fall belonging to VNDirect which lost .76 percent. However,  Vietcombank Securities Company dropped out of the top ten altogether and therefore how much its share changed is unknown. Of note, FPT Securities moved in to take Vietcombank Securities’ place…

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Thailand launches anti dumping probe into steel from Vietnam

October 7, 2024

This adds to a growing list of investigations into steel import from Vietnam that includes South Korea, India, and the European Union and comes as cheap Chinese steel floods markets around the world. Of note there has been some suspicion that Chinese steel makers may be using Vietnam as an intermediary to circumvent trade tariffs in other countries on their own steel products…

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Tien Phong Commercial Bank: Vietnam Stock Overview

October 7, 2024

TPBank’s net interest income increased by 14.2 percent, aligning with the broader trend seen across banks like VPBank, HDBank, and VietinBank, which also experienced significant growth in net interest income. This increase was driven by a stable macroeconomic environment and recovering credit demand, contrasting with 2023’s challenges when deposit interest costs exceeded lending income.

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