Tag: market

Vietnam’s real estate market is tipped to undergo a significant transformation over the course of 2025.

Featured brands at November 22-29 exhibition in Hanoi originate from Germany, the US, Japan, South Korea, China, and Vietnam.

Green agriculture is emerging as an essential solution for sustainable development in Southeast Asia

The rise of online shopping leaves age-old markets struggling to survive, forcing businesses to adapt or perish.

Experts weigh in on recent market dynamics and the delayed KRX system, while cautious optimism prevails amidst lingering concerns.

The State Bank of Vietnam will auction 16,800 taels (approximately $664,000 USD) of SJC gold bars, with a reference price of $3,233 USD per tael.

Detailed reports on the possibilities of forming these trading floors are to be submitted to the PM before September 8.

There are 22,087 swiftlet houses in Vietnam with an annual output of 120 tons worth $450 million.

Predictions have been made that the market will gradually recover next year and become healthier and more transparent and standardized in the second and third quarters.

Exports rose 13.4 per cent year-on-year in the first eleven months despite a slight dip in November.

Director of the Civil Aviation Authority of Vietnam Dinh Viet Thang said that in the past 10 months, the domestic aviation market has grown rapidly, but the international market has only recovered by about 50 per cent. Airlines and passenger transport providers still have to deal with the unfavorable problems left by the epidemic, especially the imbalance of cash flow in 2 years that freezes operations.

According to Nielsen, Vietnam is the fastest-growing Asian market for snack consumption and ranks third in the world in terms of compound annual growth rate (CAGR) in the market, with 19.1 per cent in 2021, after Argentina, with 25.8 per cent, and Slovakia with 20 per cent. Young Vietnamese spend up to VND13 trillion ($520.65 million) monthly on junk food, showing that quality and demand are increasing.

Mr. Damien Green, President & CEO of Manulife Asia, talks about Vietnam’s recovery from Covid-19 and the drivers that promote the country as an important market in Manulife’s growth strategy in Asia.

The purchase of land plots and apartments in Ho Chi Minh City and surrounding areas fell by nearly 80 per cent in the third quarter of 2022. The DKRA Group has forecast that market demand and liquidity will continue to be affected over the closing months of the year by moves to increase interest rates and strengthen credit control.

According to Batdongsan.com.vn, demand to buy all types of real estate fell sharply in September, with the number of searches for land plots nationwide down by 50 per cent compared to March, apartments by 9 per cent, private houses by 25 per cent, and villas by 12 per cent. The market will continue to face many challenges. Prices are forecast to remain unchanged, while developers will boost sales policies to support and attract buyers.

The Ministry of Transport (MoT) has issued an Official Letter requesting that its departments flexibly and effectively use tools and measures to control freight rates in accordance with the law on prices, to stabilize the market.

With impressive growth posted in the third quarter, United Overseas Bank (UOB) has raised its growth forecast for Vietnam in 2022 to 8.2 per cent; significantly higher than its previous forecast of 7 per cent. UOB believes that, in 2023, Vietnam’s economy will be affected to a certain degree in the context of demand in main markets continuing to slow down. Growth next year is therefore expected to be 6.6 per cent.

Cushman & Wakefield believe that, compared to Indonesia, Malaysia, and the Philippines, the price of industrial land in Vietnam is still relatively low. Along with other factors such as a stable macroeconomic situation, low inflation, and advantages in infrastructure and transportation, Vietnam therefore has the potential to become a leading industrial center in the region.

Figures from the General Department of Vietnam Customs show that export turnover of Vietnamese goods to the Chinese market reached more than $35.6 billion in the first eight months of 2022, up 6.7 per cent year-on-year. According to the Ministry of Industry and Trade, Vietnam still has a lot of opportunities to exploit the Chinese market. China is currently Vietnam’s second-largest export market, after the US, while Vietnam is China’s largest trading partner in ASEAN.

According to a report from Allied Market Research, Vietnam’s express delivery market reached $710 million in 2021 and is forecast to grow to $4.88 billion by 2030. The compound annual growth rate (CAGR) is expected to be 24.1 per cent in the 2022-2030 period. The report said the fast-growing e-commerce sector, the rise in B2C delivery, and the rapid growth in international trade services are factors driving market growth.