HIGHLIGHTS
In 2024, Vietnam's footwear exports are expected to exceed $26 billion, reflecting a 10% growth compared to 2023. Vietnam is currently the third-largest producer globally, manufacturing 1.4 billion pairs annually, behind China and India. It ranks as the second-largest exporter, with 1.3 billion pairs per year, trailing only China. Key markets like the U.S. and EU are maintaining growth rates above 10%. Additionally, the industry is expanding into high-demand markets such as South America and the Middle East, which offer opportunities for product diversification. For 2025, the sector targets another 10% growth, aiming for exports valued at $29 billion.
Vietnam’s wood and wood product exports in 2024 are projected to reach $16.5 billion, with contributions from: Furniture (indoor and outdoor): 70%; wood panels: 7%; wood chips: 17%; wood pellets: 5%. China remains Vietnam’s largest trading partner, with bilateral trade estimated at over $2.8 billion in 2024. Vietnam has 14.6 million hectares of forests (10.2 million hectares of natural forests and 4.4 million hectares of planted forests) and 6,091 wood processing enterprises, primarily small and medium-sized businesses. In 2025, the industry aims for 4.5–5% growth in forestry production value, with export revenues targeted at $18 billion.
TRADING STRATEGY
The stock market has rebounded to 1,257 points, with liquidity aligned with the weekly average. Selling pressure has eased, and capital is concentrated in large-cap stocks from sectors like finance, real estate, and F&B. Meanwhile, mid- and small-cap stocks in sectors such as industrial services, technology, telecommunications, and utilities have shown the most positive momentum, supporting the index. The VN-Index is expected to move within the 1,255–1,260 point range today.
Market stability has improved following the December 2024 derivatives expiration, keeping the VN-Index above the 1,250–1,255 point range. Investor sentiment remains cautious due to updates on the Federal Reserve’s interest rate policies, global macroeconomic forecasts for 2025, and domestic exchange rate trends. Sectoral divergence continues to widen. Stocks with strong Q4 2024 and H1 2025 growth prospects are demonstrating better stability compared to market-driven or index-heavy stocks. Investors are encouraged to hold and selectively accumulate fundamental stocks from medium-term portfolios, avoid excessive short-term diversification, and prioritize stocks drawing capital inflows.
Investor can see the full Newsletter below:
