With Vietcombank making up 40 percent of total profit of four state-owned banks, the competition among the ‘big four’ banks has been reduced to the ‘big two’.

JLL estimates that hundreds of millions of dollars from Japan, South Korea, Singapore and China are waiting to be funneled into Vietnam’s real estate market.

Vietnam has great potential for airlines, but it is not easy to access it. Many players have had to give up the game.

Market to maintain uptrend in post Tet period

Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains.

The Vietnamese livestock industry is expected to attract professional producers in the coming years.

The retail sector still saw strong growth in 2019, especially in second-class cities, but it cooled down in large cities.

Vietnam received 13 million foreign travelers in 2018 and the figure increased by 10.8 percent in the first 9 months of 2019.

Private sector development and the expected stock market upgrading will help Vietnam attract foreign capital even if the conditions are not that favorable, according to SSI Research.

The health of businesses reflects the ‘health’ of the national economy. 

Many Vietnamese famous brands have fallen into foreign hands or disappeared from the market.

The biggest problem of the Vietnam’s aviation industry is overloading at airports, which affects service quality and flight safety.

A slew of domestic businesses have taken over specific solutions to seize imminent opportunities emerging from the Fourth Industrial Revolution (IR 4.0).

The Mekong Delta province of Kien Giang will focus on increasing the value and competitiveness of its agriculture produce this year.

The equitisation of State-owned enterprises (SOEs) has fallen behind the target set by the Government and ministries for 2017-2020.

The Ministry of Finance plans to hasten tax and customs administrative reforms this year to improve the business climate.

Pepper prices this year are unlikely to recover after a strong reduction in 2019 due to abundant supply.

As one of the fastest-growing economies, Vietnam still needs to reduce regulatory burdens and promote economic integration to achieve the country’s sustainable development goals through 2030.

To keep up with the ever-evolving technology, banks have to be well-positioned to engage with the new wave of digitally empowered customers.

Commercial banks’ finance reports show that bad debts have been increasing again. Bad debt will be one of big problems for banks this year.