FiinGroup experts shared views on Vietnam’s Economic Outlook and Overview of Business in Vietnam 2023-2024

On March 15, RSM Vietnam - Hanoi Office in collaboration with FiinGroup successfully organized the seminar "Tax in Motion 2023" aiming to support businesses in updating the latest information on taxes, tax settlements, and the economic landscape for the years 2023-2024.

During the keynote presentation titled “Overview of Business in Vietnam 2023-2024", Mr. Tu Nguyen share in-depth assessments of the current macroeconomics situation and business in Vietnam, as well as outlooks for 2024.

Below are some highlights from the keynote presentation: 

• The global economy is projected to achieve a "soft landing" with a growth rate of 2.9%, after reaching 3% in 2023. Developing and emerging countries will be the main drivers of the global economy in the coming years, particularly in 2024.
• Vietnam's economy is expected to return to normal in 2024-2025 with significant challenges. However, the overall recovery momentum remains relatively slow as the largest world economies still face difficulties in regaining growth momentum, while global consumption has not shown clear signs of recovery.
• The business registration situation in 2023 and the first 2 months of 2024 reflects the ongoing economic recovery process and businesses' adaptation to the post-pandemic environment.

Mr. Hieu Nguyen, CEO of FiinGroup, shared insights on Vietnam's economic prospects, stating that based on FiinGroup's macroeconomic data, from exports and imports to the financial health of enterprises, it seems that the worst period has passed. Therefore, we have grounds to believe in a bright global economic outlook in 2024.

For more details of the presentation deck, click HERE.              

About FiinGroup

Established in 2008, FiinGroup is a leading integrated service provider of financial data, business information, industry research, credit rating service, and other data-driven analytics services for the Vietnam market. We are serving more than 1,000 local and foreign financial institutions and corporations through our fintech platform as a service (PaaS), annual packages and on-call services.

FiinRatings Joint Stock Company (“FiinRatings”), a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a local licensed Credit Rating Agency in Vietnam. FiinRatings provides credit ratings and related services to issuers, creditors and investors in Vietnam credit market. FiinRatings has developed and standardized credit rating models for more than 50 industries and sub-sectors of Vietnamese enterprises.