Formalizing Vietnam’s Digital Assets Markets
This past Sunday, Prime Minister Pham Minh Chinh convened a meeting of the Private Sector Development Committee (Committee IV)
VinaCapital Executives Meet with Government Committee on Private Sector Development
This past Sunday, Prime Minister Pham Minh Chinh convened a meeting of the Private Sector Development Committee (Committee IV)
Doi moi 2.0: From ambitious announcements to positive outcomes
Vietnam is undergoing a major transformation—what many are calling “Doi Moi 2.0″—characterized by a major shift in how the Government sets priorities and delivers results.
Vietnam infrastructure spending surges 40%
Vietnam is embarking on sweeping reforms across both the public and private sectors that some are calling “Doi Moi 2.0.” These initiatives aim to boost the country’s GDP growth potential by increasing the (already highly significant) role of the private sector in the economy, streamlining the Government’s own operations, and addressing other sources of inefficiency […]
Vietnam and US make progress on trade negotiation
Following a call with General Secretary To Lam on Wednesday (July 2nd) evening, President Trump announced that the US has reached an agreement with Vietnam on tariffs – the first with an ASEAN country. Despite the fact that many details are yet to be determined¹, the agreement creates “a framework for a fair and balanced […]
Resolution 68: A new dawn for Vietnam’s private sector
Last week, the Vietnamese Communist Party’s Politburo issued Resolution 68, a landmark directive poised to redefine the landscape for private enterprise in Vietnam. Hailed as a historic “turning point,” the resolution fundamentally elevates the status of the private economic sector, explicitly identifying it as “the most important driving force of the national economy.” This represents […]
Doi moi 2.0: Vietnam’s government restructuring
Vietnam’s Government is undergoing a major restructuring that many are calling “Doi Moi 2.0,” a reference to the 1986 Doi Moi reforms that ushered in an era of extraordinary economic growth for the country. This restructuring has already reduced the number of departments at the central Government level from 22 to 17 (including the consolidation […]
The impact of Trump’s tariffs on Vietnam
The April 3rd announcement that the Trump administration will impose 46% “reciprocal tariffs” on Vietnam from April 9th was completely unexpected. Based on our analysis, these tariffs will make it difficult for Vietnam to achieve its 8% GDP growth target. The market was expecting 10% tariffs on Vietnam, and we expected even lower tariffs for […]
Increased 2025 Infrastructure Investment Target
Vietnam’s Government increased its 2025 infrastructure spending target from 6% of GDP to 7%/GDP last week and simultaneously lifted its GDP growth target for 2025 from 7% to 8%. The increased 1%/GDP of planned spending on infrastructure projects should help the country achieve the Government’s new, 1% higher 2025 GDP growth target and will also […]
Positive outlook for Vietnam’s banking sector in 2025
Bank stocks account for 40% of the VN-Index (VNI) and vastly outperformed the VNI in 2024. The 18 banks¹ listed on the Ho Chi Minh Stock Exchange surged 23% in VND terms vs 12% for the VN-Index (17% in USD terms vs. 9%, respectively). We believe the sector will deliver a strong performance again this […]