Vietnamplus

S.E.A Connect, a trade fair dedicated to facilitating market access for international F&B and Retail brands entering Southeast Asia, will be held in Ho Chi Minh City on November 25.

The average daily trading value on Vietnam’s stock market has reached more than 30.84 trillion VND (1.34 billion USD) per session so far this year, up 15.9 percent from the last year’s figure and now the second largest in ASEAN, only after Thailand, according to the Ministry of Finance.

Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.

Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.

Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far.

Southeast Asia will be the fastest growing region for co-location data centres over the next five years, with its market size expanding by a compounded annual growth rate (CAGR) of 13 percent during 2019-2024, according to a report released on August 19 by Cushman & Wakefield, a leading global real estate services firm.

Vietnam spent more than 570 million USD on importing pharmaceuticals in the first quarter of this year, marking a year-on-year increase of 16.7 percent, according to the latest statistics from the General Department of Customs.

Up to 70 percent of Japanese businesses have announced that they want to expand operations in Vietnam, especially in manufacturing, trade and service, and retail sector, according to the Japanese External Trade Organisation (JETRO).

Vietnam aims to make the size of its stock market equal to 100 percent and 120 percent of the gross domestic product (GDP) in 2020 and 2025, respectively.