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Businesses Are Confident in the New Year

(News Portal – Dong Nai) - In 2025, businesses are entering the new year with varied outlooks. However, most companies hope for continued recovery and high growth in both the global and domestic economies. Enterprises are striving to contribute to economic growth. 

With optimism and caution, the business community remains confident in the improving economic prospects, driven by the recent positive developments in Vietnam. ​​

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Manufacturing at Nem Dong Nai Joint Stock Company 

Businesses Remain Cautious

Despite the positive outlook, the economy still faces significant challenges. Economic experts highlight risks such as persistent geopolitical instability, unpredictable changes in trade policies among major economies, and competition between global powers over trade and technology—all of which could impact the global economy, including Vietnam. Notably, with the United States beginning the new year under the presidency of Donald Trump, and as Vietnam's largest export market, this poses potential uncertainties.

Currently, while credit growth has improved, it remains modest, and the economy's capacity to absorb capital is still weak. Bank interest rates are showing signs of increasing again, and exchange rate volatility remains a latent factor affecting economic stability. Even though it is nearing the Lunar New Year, consumer demand has not seen significant growth.

Mr. Dang Thai Son, Director of Nem Dong Nai Joint Stock Company (Bien Hoa City), shared that the company is making efforts to boost product sales, especially during the peak months before Tet. To achieve this, the company is focusing on product quality, designs, and models that align with customer preferences—particularly younger customers—and creating practical, convenient products for modern life.

The business community hopes that the Government will continue maintaining macroeconomic stability, particularly controlling inflation, to help businesses stabilize their production plans. Additionally, they expect increased investment in infrastructure and public projects, especially in the logistics chain. This would help businesses expand their markets, reduce transportation and storage costs, lower production costs, and enhance competitiveness.  

Promising Economic Prospects
A survey conducted by Vietnam Report JSC revealed that most businesses are optimistic about 2025. Similarly, a survey of 900 business representatives conducted in October 2024 by the Private Sector Development Research Board (Board IV under the Prime Minister's Advisory Council for Administrative Procedure Reform) showed positive signals regarding business confidence in the economy's outlook over the next 12 months, consistent with macroeconomic indicators.

The Institute of Southeast Asian Studies in Singapore also noted that 2025 presents several factors that could positively contribute to Vietnam's economic prospects. These include strong export growth, increased foreign investment inflows, robust domestic reforms driven by new leadership, and accelerated infrastructure investment.

For businesses, Mr. Dang Van Thanh, Chairman of the Board of Directors at Thanh Thanh Cong Group, remarked that Vietnam overcame numerous challenges in 2024, emerging as a high-growth economy compared to the rest of the world. As a developing nation, Vietnam still has room for growth, particularly in encouraging public investment to stimulate other sectors. These favorable conditions provide a strong foundation for the economy and the business community to enter the new year with motivation and optimism for accelerated development.​

Similarly, Mr. Ha Ngoc Dung, General Director of Chien You Vietnam JSC (Bien Hoa 2 Industrial Park), emphasized that Dong Nai's significant investment in infrastructure creates substantial opportunities for supplying goods and services to local projects. For example, Chien You's hot-dip galvanized products are being supplied to major projects, including the Long Thanh International Airport project, making production a top priority for the company.

Author: Bao Nguyen

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