Following are the highlights of Business News in the second week of October 2024: Vietnam targets 7.5% economic growth in 2025; VinFast emerges as best-selling car brand in Vietnam in September; and the last news of Vietnam Stock Market that rose 4 sessions in a row.
Vietnam targets 7.5% economic growth in 2025
Vietnam has set a gross domestic product (GDP) growth target of 7-7.5 percent in 2025, which would elevate the size of its economy to the top 33 in the world. Along with boosting GDP expansion to 7.5 percent, the country expects to grow the economy to US$500 billion and raise per capita income to about $4,900.
VinFast emerges as best-selling car brand in Vietnam in September
Vietnamese electric vehicle (EV) maker VinFast delivered more than 9,300 electric cars to customers last month, taking the lead in the local automobile market. This firm overcame its international rivals Toyota, Ford, Honda, Kia, and Mitsubishi to achieve the result. A key factor that helped VinFast succeed in the local market is the diversity of its product portfolio, according to auto experts.
Vietnam stocks rose 4 sessions in a row
VN-Index rose 0.16% to 1,288.39 points Friday in its fourth session gaining while global markets traded sideways. Trading on the Ho Chi Minh Stock Exchange decreased by 28% to VND13.22 trillion (US$533 million). Twelve blue chips fell. Foreign investors were net sellers to the tune of VND319 billion, mainly selling VHM and FPT. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.04%, while the UPCoM-Index for the Unlisted Public Companies Market gained 0.03%.