Business News

2024 continued to pose a lot of challenges to the global economy, marked by fluctuations in interest rates and geopolitical tensions. However, despite global economic volatility, Vietnam was still considered a bright spot in the regional economic landscape, with important contributions from the banking industry.

Caravelle Saigon is pleased to bring many attractive offers specially crafted to make this season truly exceptional. From indulgent Luxury Staycations to delectable culinary creations, paired with an extensive collection of fine wines and champagnes, every detail is crafted to bring you joyful moments in the heart of Saigon.

By leveraging last year's robust recovery, Vietnam's garment and textiles sector is poised for significant growth in 2025, driven by shifting global demand, green production practices, and technological advancements.

Viet Nam invested US$664.8 million in 190 overseas projects in 2024, up 57.7 percent in capital against the previous year, according to the Foreign Investment Agency (FIA).

Viet Nam pocketed over US$10 billion from seafood exports in 2024, sustaining its position as the world's third largest seafood exporter after China and Norway.

Vietnam ended 2024 on a strong note, as real GDP growth gained a further 7.55 per cent on-year in Q4, from a revised 7.43 per cent on year in Q3. This is well above the median consensus view of 6.7 per cent and the forecast of United Overseas Bank (UOB) at 5.2 per cent.

By the end of 2024, the disbursed FDI capital in Vietnam is estimated to reach approximately 25.35 billion USD, up 9.4% compared to 2023, marking the highest disbursement level ever recorded. Total newly registered capital, additional capital adjustments, and foreign investors' capital contributions and share purchases are estimated at nearly 38.23 billion USD.

Industrial land rents in southern Vietnam are projected to grow by 3-7% annually, while ready-built warehouse rents are forecast to increase by 1.8% per year, according to CBRE Vietnam.