Vietnam seen as best stock market performer bet88 Southeast Asia bet88 2024

The Government News quoted a report released on February 11 by HSBC as noting that Vietnam was the best stock market performer bet88 Southeast Asia bet88 2024.

According to the bank, effective from November 2024, Vietnam has scrapped the pre-funding requirement for stock market transactions, clearing a significant criterion to upgrade its designation from a frontier market to an emerging market, potentially later this year.

Vietnam has been on the watchlist since 2018. If implemented, FTSE Russell, a major index provider, estimates that an upgrade bet88 designation could bring billion or over 1 per cent of GDP bet88 foreign investment inflows into the country, HSBC reported.

Regarding investments bet88 Vietnam, the bank highlighted that developments to improve capital markets should not only be seen as catching up to market peers but also bet88 terms of diversifying and expanding capital mobilization channels to build financial resilience.

Fortunately, the government has been taking steps to address various challenges and risks surrounding capital markets. Following the challenging market environment for corporate bonds bet88 late 2022, the authorities have introduced more safeguards to allay investor concerns, such as allowing only professional investors to participate bet88 the trading of corporate bonds via private placement, told the report.

Regulatory changes bet88 the 2024 Land Law, 2023 Housing Law, and 2023 Real Estate Business Law have supported newly registered foreign direct investment to flow into the sector, registering billion bet88 2024, up from billion bet88 2023, it remarked.

Notable changes, such as land prices better reflecting market values, easing land-related rights for overseas Vietnamese, and more stringent information disclosure by real estate businesses, will continue to support a recovery bet88 sentiment, the report added.

Beyond increasing foreign participation bet88 capital markets, expanding and diversifying the domestic investor base will be key bet88 helping to sustainably achieve the official targets of a stock market capitalization of 120 per cent and corporate bonds outstanding of 25 per cent of GDP, respectively, by 2030, suggested HSBC.

bet88 term of Vietnam's January economic performance, the bank said, the retail sales rose 10 per cent year-on-year, with both goods and services posting strong growth. That said, the consumption trend suggests that Vietnamese consumer spending has more room to recover, as retail sales were still 8 per cent below what trend growth would suggest.

Vietnam's attractiveness as a tourism destination has certainly increased. Its tourism sector broke a monthly record of welcoming more than two million international visitors, jumping close to 40 per cent year-on-year, HSBC reported.

bet88 particular, the number of mainland Chinese tourists has more than doubled compared to January 2024, narrowing the gap with its pre- pandemic high from 36 per cent bet88 2024 to only 10 per cent bet88 January 2025, it added.