POSITIVE CREDIT HELPS DRIVE ECONOMIC GROWTH
The credit growth of the Vietnamese banking system has been positive since the first quarter of this year and flowed strongly into production, business, real estate and consumption, which has contributed to supporting economic recovery. The Deputy Governor of the State Bank of Vietnam (SBV) Phạm Tiến Dũng, said that credit growth in early 2025 showed signs of improvement compared to the same period in 2024.
BOND MARKET SEES STRONG RECOVERY IN FIRST FEW MONTHS
The Vietnamese bond market is expected to undergo a significant resurgence in 2025, following a tumultuous period marked by volatility and uncertainty. As the economy gradually stabilises, analysts are predicting a robust recovery driven by a combination of factors, including the increasing need for businesses to raise capital and the strategic initiatives of the banking sector to issue bonds that cater to investor demand.
MANUFACTURING SECTOR REBOUNDS IN MARCH
Vietnam’s manufacturing sector rebounded in March after three months of contraction, according to the latest S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI). The PMI climbed above the 50.0 threshold for the first time in four months, reaching 50.5 in March from 49.2 in February. This improvement signals a modest uptick in overall manufacturing conditions at the close of the first quarter of this year.
HCMC’S GRDP GROWTH HITS FIVE-YEAR HIGH IN Q1
HCMC’s gross regional domestic product (GRDP) in the first quarter of this year expanded by over 7.51% year-on-year to more than VND457.6 trillion, the highest Q1 growth rate since 2020. The data was released by the HCMC People’s Committee at a meeting held today, April 2, to review the socio-economic performance in January-March.
SMALL BUSINESS GROWTH SOARS TO FOUR-YEAR HIGH
Vietnamese small businesses experienced a successful 2024, with 82 percent reporting growth, up from 77 percent in 2023-the country’s highest result since 2019, a survey shows. This momentum is expected to accelerate in 2025, with 92 percent of small businesses expecting to grow, the highest projection among 11 markets surveyed, according to annual small business survey of CPA Australia - one of the largest professional accounting bodies in the world.
YOUR EXPERIENCES THIS APRIL IN THE HEART OF SAIGON
Experience Fine Dining & Wine Pairing in the most elegant atmosphere at Reflections Restaurant, and delight in a lavish Seafood Feast at Buffet NINETEEN. Or enjoy the charming elegance of High Tea & our new Tapas Selections at Café de l'Opera. Each experience is thoughtfully curated to bring you cherished moments in the Heart of Saigon.
AGRO-FORESTRY-FISHERY EXPORTS NEAR US$16 BILLION IN Q1
Vietnam’s exports of agricultural, forestry, and fishery products totaled US$15.72 billion in the first quarter of this year, up by 13.1% against the same period last year, according to the Ministry of Agriculture and Environment. Of the total, agricultural exports reached US$8.53 billion, up by 12.2% year-on-year, while livestock products brought in US$131.3 million, an increase of 18.5%.
HCM CITY TOURISM LEADERS DISCUSS SOLUTIONS WITH TOURISM ENTERPRISES
The HCM City Department of Tourism held a dialogue on Tuesday (April 1) with local businesses to address challenges and seek solutions to further develop the sector in 2025. The event, chaired by Director of the Department of Tourism Nguyễn Thị Ánh Hoa, was part of efforts to boost tourism, one of the city’s key economic drivers, in line with national recovery and growth objectives.
