Vietnam Economic Times / VnEconomy / Tap chi Kinh te Viet Nam sought opinions on the opportunities and risks Vietnam’s economy will face in 2025, considering expectations of substantial domestic growth and global developments such as Trump 2.0. 

Data from FiinRatings shows that outstanding corporate bonds as of the end of September totaled more than VND1.3 quadrillion ($53 billion), or more than 13 per cent of 2021 GDP. Non-banking enterprises have VND908.8 trillion ($37 billion) and real estate enterprises VND455 trillion ($18 billion). This accounts for only 4 per cent of total credit in the banking system.

The Vietnam Leather, Footwear and Handbag Association (LEFASO) has reported that leather and footwear exports have been quite positive in the first half of 2022 but uncertainties over raw material supplies and orders slowing in the closing months of the year are still of concern to businesses. The industry will continue to face risks such as large inventories and slowing orders in the second half.