Summary of Key Information:

• Major global economies are entering Q4 with significant events ahead, including the U.S. presidential election, the Japanese prime ministerial election, and China’s introduction of an economic stimulus package.
• The U.S. economy is experiencing stable growth, and the market anticipates potential acceleration in the coming years, while China shows signs of reaching a bottom and beginning recovery. Conversely, Japan remains in a normalization phase as it gradually moves away from the ultra-loose monetary policies of the past decade.
• Vietnam’s economy showed solid growth in Q3, with inflation tightly controlled. However, there are signs of a slight slowdown toward the end of the quarter due to natural disasters, which need closer monitoring.
• Although the real economy remains stable, Vietnam’s financial and monetary markets are under certain pressures due to global uncertainties. The State Bank of Vietnam (SBV) is managing the situation smoothly, but pressures persist.
• The stock market continues to offer attractive valuations. Investors could leverage short-term fluctuations to increase their positions.

Vietnam Macro update Q3 2024 Eng