Vietnam’s main indices returned nearly 10% in 2024, supported by a robust economic backdrop and corporate reforms that have translated into renewed risk appetite for the asset class. Despite disruptions caused by powerful Typhoon Yagi in September, the economy expanded by 7.4% during Q3 2024, exceeding government estimates, which forecast growth between 6.8% and 7% for the year.
The economic performance not only demonstrates a recovery from weather-related setbacks but also highlights underlying resilience. Q3 trade turnover increased by 19%, while foreign direct investment FDI reached $17 billion, according to Hung Nguyen, senior economist at Dragon Capital, Vietnam’s largest fund manager.
“The economy is shifting gears...
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