As the year 2024 is out, Vietnam’s stock market navigated a year of notable developments. Despite significant pressures, such as net foreign investor withdrawals, the market managed a growth rate of around 12% against the start of last year. Average trading liquidity has also improved, surpassing 2023 levels. Global uncertainties The year 2024 was marked by significant volatility stemming from global economic and geopolitical uncertainties. While economic growth showed signs of improvement, regional disparities became more pronounced. Developed economies attracted capital flows, while developing nations continued grappling with slow recovery and capital outflows. Expansionary monetary policies were implemented across many countries but fell short of expectations. Persistent challenges, including inflationary pressures and geopolitical conflicts such as the Russia-Ukraine war and tensions in the Middle East, disrupted global supply chains, impacting prices and economic growth. Despite these challenges, the World Bank maintained its forecast for global economic growth at 2.6% in 2024, consistent with 2023 levels. This recovery, particularly in major economies like the U.S. and the European Union, provided a solid foundation for global stock markets, including Vietnam’s. Growth sustained amid challenges Despite significant global headwinds, Vietnam’s stock market recorded an encouraging growth rate of 12% in 2024, with liquidity […]
To read more, please click here.
