Vietnam shows resilience, benefits from 'China +1'

The Southeast Asian nation is emerging as a market bellwether, with improving fundamentals, however the uncertain 2025 global trade outlook is making some investors cautious.

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.

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