Vietnam financial market in 2024, outlook for 2025 and some recommendations

Abstract

In 2024, the global economy was seen growing fairly but unevenly. The US and emerging economies recovered positively. On the contrary, China faced many difficulties due to weak demand, and the Eurozone suffers from prolonged impacts from the conflict in Ukraine. Inflation has generally cooled down in most countries, which is a condition for the central banks to implement loose monetary policies and lower interest rates to support economic growth. In Vietnam, economic growth is considered positive and inflation is well controlled. Although internal as well as external difficulties and challenges still exist, macroeconomic policies are managed flexibly and effectively, helping the financial market to promote its role in supplying capital to the economy: Credit growth reaches its record high since 2018, bad debt ratio is controlled, interest rates for loans are kept low, capital mobilization from the corporate bond market continues positive recovery trend. In 2025, Vietnam's economy will enter a period of acceleration, the financial market is expected to continue to be positive thanks to favorable factors such as: less exchange rate pressure compared to 2024, revised and improved legal framework...
The article reviews some key features of the international and Vietnam financial markets in 2024; presenting the outlook of Vietnam's macroeconomic and financial market in 2025, and proposing some recommendations.