The year 2024 has been a pivotal one for Vietnam’s stock market, marked by significant legislative changes, technological advancements and dynamic shifts in investor behaviour. Below, Vietnam News listed ten key events that have shaped the market this year.
Vietnam supports the United Nations General Assembly (UNGA)’s reforms aimed at enhancing the efficiency and transparency of this organisation’s operations, Minister Counsellor Nguyen Hoang Nguyen, deputy head of the Permanent Delegation of Vietnam to the United Nations (UN), said on November 6.
Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).
Hanoi would continue to hasten administrative reforms and apply measures to improve competitiveness of local enterprises and producers to expand exports.
The World Bank’s Board of Executive Directors on December 20 approved a financing of 274 million USD to support reforms that will boost growth and strengthen Cambodia’s resilience, the World Bank announced on December 21.
There is still significant room for stronger reforms to create a more favourable business environment and make Vietnam among countries with the best business environment in ASEAN, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Ambassador Dang Dinh Quy, head of the Vietnamese mission to the United Nations, has reaffirmed Vietnam’s support for the implementation of duties of the UN Integrated Peacebuilding Office in Guinea-Bissau (UNIOGBIS) under the UN Security Council (UNSC)’s Resolution 2512 (2020).
The General Department of Taxation must hasten reforms to create a favourable environment for enterprises to recover their business from the ravages of the COVID-19 pandemic, which was critical to increase tax revenue, Deputy Minister of Finance Tran Xuan Ha has said.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam continue speeding up its reforms in order to tap opportunities and deal with challenges from the deal.
The Japanese Chamber of Commerce and Industry in Ho Chi Minh City (JCCH) will actively collaborate with businesses in Vietnam’s southern economic hub for mutual long-term benefits and development.
Vietnam’s economy had a good start in 2018 with a 7.38 percent GDP growth in first quarter, but experts warn of challenges and risks ahead in the remaining of the year as well as following years.
Vietnam needs to step up reforms to benefit more from the CPTPP signed by 11 nations in Chile on March 8, said Hoe Ee Khor, Chief Economist of the ASEAN+3 Macroeconomic Research Office (AMRO) in Singapore.
President Truong Tan Sang has urged the education sector to continue urgent reforms in education and training ahead of the start of the new academic year.
