AHK Vietnam - Delegation of the German Industry and Commerce in Vietnam’s Post

Kindly find our economic weekly report Highlights - Economic Challenges Amid Consumer Caution: Indonesia’s consumer confidence index declined, reflecting heightened economic concerns, particularly around discretionary spending. A weakened rupiah and inflationary pressures have led to cautious consumer behavior, which may impact Q4 GDP growth and challenge domestic demand stability. - Trade Surplus Narrows as Imports Surge: The trade surplus dropped to $2.47 billion in October, largely due to a sharp rise in imports (up 17.49%), outpacing export growth. While robust demand from key partners like the U.S. and ASEAN supported exports, the import surge signals increased domestic investment activity but also poses potential risks for the rupiah and current account balance. - Growing Geopolitical Ties with China, the U.S., and Canada: Indonesia’s diplomatic strategy balances relations with China, the U.S., and Canada, securing trade deals, investments, and support for OECD membership. Engagements with both global powers highlight Indonesia’s emphasis on strategic autonomy while pursuing sustainable development and international economic integration. Link Video: https://lnkd.in/g9rUJjY2 Video Credit: Hasan Toso #economicweeklyreport #samuelsekuritasindonesia #fastforwardheadsup

🌏 Vietnam’s Economy in 2024: A Tale of Two Sides 🌏 2024 has been a year of contrasts for Vietnam's economy: 1️⃣ Muted domestic consumer demand – Retail sales of goods grew by just 1.2%, while goods and services combined grew at 2.9%, reflecting cautious spending at home. Inflation is lower than expected at 3.63%. International tourism is booming, with 17.6 million inbound visitors (+40%) providing much-needed support for retail services. 2️⃣ Stellar manufacturing, investment, and export performance: Industrial production surged by 8.3%. Exports hit $405 billion (+14%). Foreign direct investment disbursement rose 9.4% to $25.35 billion, reaffirming Vietnam's global appeal. Cimigo forecast Vietnam's GDP growth to be 6.6% in 2025. What strategies can help reignite domestic consumption while sustaining external momentum as the economy balances these divergent trends? #VietnamEconomy #EconomicGrowth #Trade #FDI #Manufacturing #ConsumerDemand #Cimigo

VIETNAM ECONOMIC NEWS   Economy Surpasses Expectations After 7 Months After the first half of 2024, Vietnam's economy has received positive assessments from international organisations and is expected to achieve and exceed growth targets. Here is an overview of the economic performance in the first 7 months of 2024: 💡 Total trade value is estimated at US$440.45 billion. This indicates positive signs of recovery in domestic production and business activities across various industries. 💡 Exports have played a crucial role in driving economic growth, surpassing US$227 billion. 💡 Electronic sector has regained its leading position, with a notable amount of US$76.85 billion. 💡 Bac Ninh stands out as the leading recipient of foreign direct investment (FDI) in Vietnam, attracting a total registered capital of US$3.2 billion. 💡 The introduction of new queen bees at the start of the year will play a crucial role in sustaining production growth in the upcoming months.  💡 Key factors contributing to this growth include the recovery of domestic production, improved domestic consumption, the growth of public investment capital with spillover effects on non-state investment and the FDI sector, as well as increased export and import of goods and services. Explore detailed updates on Vietnam's latest economy here. Stay informed with our upcoming monthly newsletters for further understanding and informed decision-making Frasers Property Vietnam #MarketIntelligence #Vietnam #EconomicNews

Southeast Asia is set for a decade of robust growth, with GDP projected to rise by an average of 5.1%. Vietnam and the Philippines are expected to lead the pack at over 6%, with Indonesia close behind at 5.7%. Despite global challenges, the region is on track to outpace China in both growth and FDI. Source: Angsana Council #vietnam #southeastasia #vietnaminvestment The Southeast Asia Outlook 2024-34 report 's on the comment:

#Vietnam's General Statistics Office announced that the country achieved a trade surplus of $11.63 billion in the first six months of 2024. This figure represents a decrease from the $13.44 billion surplus recorded in the same period in 2023. Despite this decline, the trade surplus signifies a notable accomplishment for Vietnam's economy. Vietnam's goods export turnover soared to an estimated $190.08 billion, marking a year-on-year rise of 14.5%. This impressive growth is propelled by both domestic and foreign-invested sectors. Read more about the latest insights: https://lnkd.in/e_PMbXNm #LinkedIn #LinkedInCommunity #GlobalSouthWorld

Thailand's economic landscape presents a "Merlin Moment" While the Finance Ministry raises GDP growth expectations to 2.7% for 2024, the nation's export performance tells a different story. For the first time in three months, exports have fallen, defying expectations and underscoring the fragile nature of Thailand's economic recovery. The decline, driven by weaker global demand and a strong baht, raises concerns about the sustainability of growth projections. This mixed economic signal points to underlying vulnerabilities. The government's optimism, though welcome, may be overly reliant on domestic consumption and investment without adequately addressing external sector weaknesses. Furthermore, the resilience of key export sectors, such as electronics and agriculture, is being tested by global economic uncertainties and shifting trade dynamics. While the upward revision of GDP forecasts is a positive development, it is imperative for policymakers to adopt a balanced approach. Strengthening export competitiveness and diversifying trade partnerships are essential to ensure that growth is not merely a fleeting statistic but a robust and sustainable reality. #Thailand #Fiscal #Policy #Growth

📢 Vietnam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm. ➡️ It forecast Vietnam’s gross domestic product (GDP) growth will reach 6.7% this year and 6.5% next year, driven by a strong manufacturing sector and a rapid recovery in domestic demand. A key source of growth for Vietnam next year will be its manufacturing exports. #investvietnam #tradevietnam #ipavietnam

VIETNAM'S ECONOMIC OUTLOOK 2025: POWERING GROWTH IN A DYNAMIC ENVIRONMENT 🔹 According to the latest reports, Vietnam's economy in 2024 achieved remarkable milestones. GDP growth is estimated at 6.7%, exceeding the target set. Total trade turnover reached USD 715.55 billion, with exports growing by 14.4% compared to the same period last year. Notably, Vietnam recorded a trade surplus of USD 24.31 billion, showcasing a balanced and efficient international trade performance. FDI disbursement reached USD 21.68 billion in the first 11 months, an increase of 7.1%, reaffirming Vietnam’s position as an attractive destination for global investors. 🔹 Vietnam continues to benefit from the global supply chain shift, attracting FDI flows, particularly in high-tech industries and green production. Infrastructure development in transportation and digital infrastructure, coupled with institutional reforms, is predicted to be a bright spot in the economic growth landscape in 2025. Additionally, innovation and digital transformation are being accelerated, driving productivity and economic efficiency. 🔹 International organizations forecast that Vietnam's inflation in 2025 will remain well-controlled, with GDP growth projected to match or exceed 2024 levels by 0.2–0.4%. A bold 8% growth target has been set, requiring extraordinary efforts to identify new growth drivers, especially amid ongoing global economic uncertainties. 🔹 In 2025, Vietnam’s economy will face a blend of challenges and opportunities. Factors such as inflationary pressure, exchange rate fluctuations, the slow recovery of export-import markets, and international geopolitical tensions are expected to exert significant influence. To achieve its growth ambitions and continue attracting new FDI inflows, Vietnam is intensifying efforts in streamlining government operations, institutional reforms, and administrative simplifications. The country is also focusing on improving the efficiency of public investment disbursement while fostering innovation and digital transformation. #westernpacific #wpg #vietnam #investment ----------------------- WESTERN PACIFIC GROUP ☎️ Hotline: 1900-5088 ✉️ Email: info@westernpacific.com.vn 📱 Zalo OA: https://lnkd.in/gTxBhf28 📌 LinkedIn: Western Pacific JSC 🏢 HCM Headquarters: 13, Street 12, Thao Dien Ward, Thu Duc City, HCM 🏠 Hanoi Representative Office: 2nd Floor, Building 14 Lang Ha, Ba Dinh, Hanoi

📢 Vietnam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm. ➡️ It forecast Vietnam’s gross domestic product (GDP) growth will reach 6.7% this year and 6.5% next year, driven by a strong manufacturing sector and a rapid recovery in domestic demand. A key source of growth for Vietnam next year will be its manufacturing exports. #investvietnam #tradevietnam #ipavietnam

Vietnam is projected to improve its trade and investment flows as global demands increase, with a green trend on the rise in supply chains. Vietnam has become among the top 40 largest economies in the world, among the 20th biggest attracters of foreign direct investment (FDI), and among the 20th largest nations in the world regarding exports and imports, Hung continued. The World Trade Organization projects global trade to improve towards 2025 in its latest Global Trade Outlook and Statistics report released in April, citing resilient supply chains as one of the key factors for this recovery. The volume of world merchandise trade is expected to increase by 2.6 per cent in 2024 and 3.3 per cent in 2025, after dropping by 1.2 per cent in 2023. The International Monetary Fund also said that the world economy has been “strongly recovering”, with a growth forecast of 3.2 per cent this year and next year. The rate forecasted by the EU for 2024 is 3.3 per cent. ---------------------------------------------------------- FDI PROMOTION AND INTERNATIONAL COOPERATION CO., LTD 🏢 Address: - HN Office: 205 Giang Vo Street, Ba Dinh District, Hanoi, Vietnam - HCM Office: 67 Nguyen Thi Minh Khai, District 1, HCM ☎️ Phone: (+84) 98.668.6833 / (+84) 92.283.8199 📌 Web: vnfdi.com - https://vnfdi.vn/ - https://fdifinance.vn/ 📧 Email: info@vnfdi.com