Macro/ Strategy

The economy gradually regained growth momentum as industrial production, exports, retail sales and investment improved significantly in November 2023 while inflation and exchange rates maintained stability. In addition, many new policies have been approved by the National Assembly such as continuing 2% VAT cut until June 2024, Housing Law (amended), Real Estate Business Law (amended)... which will strongly support the economy. However, the outlook is still uncertain when new orders suddenly fell again, the real estate sector may recover more slowly than expected... Therefore, it is necessary to continue supporting measures to prioritize economic growth so that the recovery will be more solid in 2024.