Vietnam News Economy

2025 is pivotal for laying the foundation for Việt Nam's double-digit growth plan (2026-2030) and concludes the 2021-2025 development plan, with industry leaders sharing insights on economic prospects and investment trends.

On 30 November 2024, the National Assembly adopted the new Electricity Law with effect on 1 February 2025 comprising 130 articles, seeking to ensure energy security and achieving net zero emissions by 2050 by overcoming investment barriers in the energy sector. Việt Nam News correspondent Thu Ngân asks Nguyễn Mai Phương, Counsel of Asia Counsel Vietnam Law Company Limited,  about the significant changes to the law and how they will impact foreign investments in the sector.

The Government wanted 15 per cent of the total population to have taken out life insurance, with the average premium as per GDP ratio at 3.5 per cent by 2025.

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14 per cent in 2024 to 17 per cent in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth, according to investment management firm VinaCapital.

Deputy Prime Minister and Minister of Foreign Affairs Bùi Thanh Sơn said this remittance level is equivalent to 2023, when remittances reached a record high post pandemic.

Market breadth was decidedly positive, with 229 advancing stocks far outnumbering 85 decliners. Liquidity on the southern bourse improved to VNĐ10.4 trillion (over US$409.1 million), representing a 22.3 per cent increase compared to the previous session.

Secretary-General Tô Lâm said technology plays a key role in economic and social development and that digital transformation has become a matter of urgency to realise the Southeast Asian country’s vision to improve productivity, foster innovation and enhance living standards.

Vietnamese top diplomat hoped Makara Capital will accompany Đà Nẵng and Việt Nam in the process of perfecting the institutional framework and developing the financial centres.

As of November 2024, Russia had 199 investment projects in Việt Nam, with a total registered capital of approximately $990 million.

Highlighting the broader significance of the project, he stated that nuclear technology represents a key area of innovation for Việt Nam’s peaceful development.

Property developer Novaland (stock code: NVL) has rejected rumours that its chairman has resigned, saying such claims are "fabricated and misleading."

The northern province of Quảng Ninh is on a mission to cement its status as one of Việt Nam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

Kim Long Motor Huế Joint Stock Company and Changan Automobile Group have announced a plan to build the Kim Long Trường An Việt Nam passenger car factory with a designed production capacity of 50,000 vehicles per year.

Việt Nam-China trade reached a new record of US$205.2 billion in 2024, marking a new milestone in two-way trade.

This initiative, co-financed by the US International Development Finance Corporation (DFC), aims to enhance financial inclusion through digital banking in Việt Nam, with a total loan value of US$120 million.

Trade cooperation between Việt Nam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Việt Nam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total remittances.

The application of digital technologies and platforms is important to drive down logistics costs and develop the industry, experts said during a conference in HCM City on January 14.

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.

Industry giants such as Vingroup, Mobile World Investment Corporation, FPT Retail and Hoàng Anh Gia Lai are all in the pipeline to introduce their prized stocks to the public sphere.