Entering the food and beverage sector in 2012 and opening a series of cafes, Phuc Long once caught the special attention when stating that it would compete with Starbucks, which set foot in Vietnam in 2013.

The number of properties bought by foreigners in Vietnam remains modest.

Experts believe that the opening of the petroleum distribution market at a certain level will help the market operate better.

Eighteen commercial banks are listed on the bourse, but only one bank entered the bourse in 2019.

Vietnam’s exports still heavily relied on foreign invested enterprises (FIEs), while foreign direct investment (FDI) did not have positive influences to the other economic sectors of the economy.

Thaco’s president spent big money to rescue Hoang Anh Gia Lai, while Vingroup’s president transferred the retail division to Masan to gather strength on automobiles and technology.

South Korea, not the US or Singapore, is the market where many Vietnamese startups will call for capital, according to Pham Ngoc Huy from Vietnam Silicon Valley.

The VN Index may bounce back and reach the 1,000 point threshold again in 2020, or it may come closer to its peak in 2018 thanks to good macroeconomic conditions, foreign capital flow and reasonable valuations.

More airlines have joined or are going to join the market, though infrastructure has not been upgraded and airports are seriously lacking slots for aircraft.

Fullerton Leaders Summit (FLS), a summit focusing on entrepreneurship, leadership and business, will be organised in Viet Nam for the first time.

The number of businesses established in 2019 increased by 5.2 percent, but the number leaving the market rose more sharply, by 20.2 percent, compared with 2018.

2019 witnessed low credit growth rate.

Though many suburban shopping centers were handed over three to five years ago, they remain deserted. Tens of thousands of square meters of commercial premises have been left idle.

The number of orders that textile and garment companies have received for 2020 is just equal to 80 percent of that in the same period last year.

A report by securities firm SSI says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.

While the number of ads about property sales increased by 40 percent in 2019, the number of ads about house and room leasing increased by 50 percent. The rent also increased sharply by 30-35 percent.

Vinamilk completed the purchase of 79.5 million shares in GTNFoods to increase its holdings to 75 per cent in Moc Chau Milk.

Seventeen large investment projects in the agriculture sector with total investment capital of VND20 trillion became operational in 2019.

One of the major issues stipulated in the amended Securities Law which takes effect on July 1, 2020 is the establishment of the Vietnam Stock Exchange.

Pham Nhat Vuong, president of Vingroup, and Nguyen Thi Phuong Thao, CEO of Vietjet Air and vice president of Hdbank, top the 2019 list of Vietnamese stock billionaires.