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2 months ago | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
The corporate bond market is expected to improve in 2025, with recovery driven more significantly by corporate bonds rather than bank bonds, which dominated the market in 2023. What opportunities and challenges lie ahead for this sector? 2024: A bank-driven market According to the Vietnam Bond Market Association (VBMA), the total value of corporate bonds issued from January to December 20, 2024 amounted to VND418,197 billion.
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Jan 19, 2025 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
In 2024, economic growth reached 7.09%, a little bit higher than the 7% forecast by the prime minister at the National Assembly session in October 2024. In particular, Q4 growth matched expectations at 7.55%. What were the drivers behind growth in Q4 and for all of 2024? Positive trends as export orders continue robust recovery Each quarter in 2024 saw higher growth than the previous one. GDP growth in Q1 was only 5.98% year-on-year, but rose to 7.25% in Q2, which looked impressive at the time.
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Dec 8, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
Amid the rising global trends of populism and protectionism in recent years, it is not only necessary to expand relationships but also to deepen cooperation to help highly open economies like Vietnam mitigate risks Enhancing the international stance In just the past two months, Vietnam has elevated its diplomatic ties to a comprehensive strategic partnership with France and Malaysia, and from a comprehensive partnership to a strategic partnership with Brazil.
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Dec 1, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
Vietnam’s National Assembly recently approved a 2025 GDP growth target of 6.5-7%, with a high-growth scenario set at 7-7.5%. In a global economy rife with uncertainties, what drives Vietnam’s confidence in achieving such ambitious growth? And where might challenges arise? External challenges Vietnam’s GDP growth in all of 2024 could reach 7% if the economy expands by 7.5% in Q4.
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Nov 3, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
While Vietnam is enjoying higher GDP growth, the rise in bad debt in the banking system is cause for concern A contrast between GDP growth and bad debt In the first nine months of 2024, Vietnam’s gross domestic product (GDP) grew by 6.82% over the same period last year, with growth in Q3 alone put at a robust 7.4%, way above 5.66% in Q1 and 6.93% in Q2. This was a steady economic recovery following the Covid-19 pandemic and amid global economic uncertainties.
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Oct 27, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
The pace of Government bond issuance remains slower than planned even though coupon rates are at near-historic lows. What is happening? Should the Government meet its fundraising goal at all costs? Reluctance to raise capital In the first eight months of 2024, the Government issued a total of nearly VND238.3 trillion worth of G-bonds.
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Oct 19, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Ngoc Nguyen |Ngọc Dung Nguyễn
Q3-2024 economic growth was above expectations. Where did the momentum come from? Can this trend be sustained? Strong recovery in industry and construction Vietnam’s Q3-2024 GDP is estimated to have grown by 7.4% compared to the same period in 2023, significantly higher than the 5.33% growth of Q3-2023. This is a surprising outcome, especially considering that typhoon Yagi wreaked havoc on multiple northern provinces in September, particularly in the agriculture sector.
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Sep 21, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
The number of businesses resuming operations continues to grow strongly. What factors are driving this trend, and is this recovery truly sustainable? Business confidence on the rise In the first eight months of 2024, as many as 168,100 businesses were newly registered or resumed operations—a 12.5% increase compared to the same period in 2023 and 1.24 times the number of businesses exiting the market (135,300, an 8.5% increase).
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Aug 18, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
Both supply and demand in the economy are showing more positive signals than before, suggesting that economic growth will continue in the coming quarters. However, what challenges are on the horizon? Positive signals from both supply and demand The Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing sector has reached 54.7 points for the second consecutive month, reflecting an impressive recovery in domestic manufacturing conditions.
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Aug 4, 2024 | 
english.thesaigontimes.vn | Tue Nhien |Dat Thanh
Recently, there have been recommendations that the 0% interest rate policy for U.S. dollar deposits be lifted given the current situation. However, this policy has helped limit dollarization in the economy and bring many other benefits. Dollarization restricted by the zero deposit rate Recent data from the State Bank of Vietnam (SBV) showed the proportion of foreign currency deposits in total money supply decreased from 11.06% in 2014 to about 6.05% as of June 2024.
