Want to be in the loop?
subscribe to
our notification
Business News
VIETNAMESE ECONOMY OFFERS UNIQUE OPPORTUNITY FOR INVESTORS: WEBSITE
As Vietnam's economy is rapidly expanding, outpacing their ASEAN peers, it presents a unique opportunity for investors, said an article published on the Israeli-based financial market news site seekingalpha.com.
The article said such growth is underpinned by perse sectors, from high-tech manufacturing to natural resources, and bolstered by significant trade relationships, especially with the US and China.
“Vietnam's economic reforms have created a virtuous cycle: reforms spurred exports, which in turn drove economic growth, leading to increased domestic demand. This trajectory has positioned Vietnam as a dynamic and integral part of the global economy, with a domestic market that continues to show robust growth potential,” wrote the article.
It said Vietnam has grown into a well-persified economy that strikes an attractive balance between export-led growth and growing domestic demand that enjoys robust exports in addition to a growing domestic consumer base.
Vietnam's public equity opportunity set is heavily weighted towards financials, real estate and consumer staples. In the MarketVector Vietnam Local Index, the top 10 holdings are skewed towards these sectors, and are also heavily dependent on domestic revenues. This also lends credence to the argument that the Vietnamese economy enjoys robust domestic demand.
Local Vietnamese stocks, meanwhile, have outperformed broad emerging markets benchmarks since 2018. The article assessed that given Vietnam's economic and market-structure progress over the past decade, investors should look closely at this emerging opportunity.
Source: VIR
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.