Macroeconomic highlights:
⦁ 2024 GDP growth is expected to outpace 2023.
⦁ Key growth pillars exports, FDI attraction, and consumption will come back and act as 2024 growth engines, while spillover effects from public investment remain effective.
⦁ With the Fed easing rates, no currency pressure, and domestic inflation tamed, the SBV has room to keep monetary policy loose and rates low.
⦁ GDP growth is forecast to grow stronger, at 6% in 2024.

Stock Market Outlook:
⦁ In 2024, these 4 factors will ignite a new growth cycle – Fed’s lowering rates, prospects for upgrading the stock market, robust infrastructure and the potential to become a production center for a variety of industries.
⦁ Lower Fed rates and market upgrade hopes lure foreign cash, boosting the economy.
⦁ Low interest rates and rising credit fuel stable domestic capital movement.
⦁ The market valuation is appealing compared to both history and regional peers, with banks being one of the few groups with low valuations, while non-financial groups are at a quite high level.
⦁ VNIndex is forecast to reach 1,300-1,350 in 2024.

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Please find the attached file below.