Saturday , November 23 2024

Business

Business

Việt Nam’s top 10 economic highlights of 2023

A wind power plant in Ninh Thuận Province. — VNA/VNS Photo Huy Hùng HÀ NỘI — The Vietnam News Agency has selected the top ten noteworthy events that shaped the country’s economic landscape in the year 2023. 1. Việt Nam emerges as a beacon of economic recovery The Vân Phong …

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Public debt well below cap

Public debt well below cap

Vietnam recorded a public debt of VND3.8 quadrillion ($156.57 billion), or 37% of GDP, way below the National Assembly’s 60% cap. Government debt was at 34% of GDP, below the 50% cap, which the government considers positive, with an increase in domestic debt ratio (to 71%) and a decline in …

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Stock market cap over 50% of GDP

Stock market cap over 50% of GDP

Vietnam’s stock market capitalization totaled $240 billion last year, equivalent to 56.4% of the country’s GDP. The government aims to make Vietnam’s stock market equivalent to 100% of its GDP by 2025 and 120% by 2030. Vietnam’s benchmark VN-Index went through a turbulent year in 2023. It surged in the …

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Property market to rebound in mid-2024

Property market to rebound in mid-2024

The property market is expected to commence its rebound from mid-2024, but robust and sustained strength will not materialize until the third quarter of 2025, said experts. In its latest report on the market, real estate research company and buying-selling platform Batdongsan said the “turning point” for the market would …

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