Focus: Looking Back At 2023: The nation’s per capita GDP in 2023 at current prices was an estimated VND101.9 million, or US$4,284, an increase of US$160 compared to 2022. With Vietnam’s GDP growth starting to slow early in the development course, it will be challenging for the country to catch up with developed countries in the region, and there is a risk of falling into the middle-income trap.
Inside Vietnam
Key Drivers For Rice Market: Surging price volatility and fluctuating supply- demand dynamics have rocked the domestic and global rice markets, particularly in response to abrupt policy shifts by some nations. What key drivers will shape the rice market’s trajectory in 2024?
A Fresh Perspective On Gold: Gold hoarding has become popular as a long-term investment vehicle. Central banks worldwide have been diversifying their foreign reserves by consistently acquiring gold in recent years. This trend has extended to institutional and individual investors.
Key Themes For 2024: Many influential organizations have made projections of the global economic outlook for 2024, and the consensus is that it will be a challenging year, particularly for major economies. Recent developments, including geopolitical conflicts and natural disasters, have only strengthened this assessment. Given this backdrop, individuals, businesses, and governments should consider embracing three key themes in their actions for this year: awareness, adaptation, and agility.
Business
Persistent Pursuit Of Capital Growth: The competition among securities firms to boost their capital remained unabated throughout the last months of 2023.
Rising Optimism: European businesses in Vietnam are beginning to exhibit increased optimism, despite the EuroCham’s business confidence index (BCI) for the fourth quarter of 2023 remaining below the midpoint. Some are starting to believe that the worst of the economic downturn is behind them.
Living
An Emerging Culinary Sensation: Dragon fruit noodles have gained popularity among consumers since a video featuring the product went viral on social media. Far more than just a passing trend, the tale of the unique noodles symbolizes an innovative avenue for Vietnamese agriculture, F&B, and retail industries to showcase their products, both at home and abroad.
Rubber Trees In Leaf Changing Season: From late December to the end of February, the leaf changing season of rubber trees leaves a captivating picture. Across the expansive rubber plantations in provinces such as Dong Nai, Tay Ninh, Binh Duong, and Binh Phuoc, the lush greenery gradually fades, giving way to the vibrant red, orange and yellow colors. This breathtaking transformation never fails to attract the attention of passersby.
Travel
Exploring The Pristine Beauty Of Pa Sy Waterfall: Situated in Kon Tum, the northernmost province in the Central Highlands, Pa Sy Waterfall is a great destination for those loving nature. The place is not much frequented by tourists, hence its untouched allure.
Unique Delights Of Nam O Fish Salad: Immerse yourself in the culinary artistry of the Nam O fishing village, where tender and fresh fish takes center stage, complemented by the crisp sweetness of fresh vegetables, resulting in a remarkable gastronomic delight.
