Having lived and worked in Vietnam for the past 30 years, Mr. Dominic Scriven, Chairman of Dragon Capital, considers Vietnam’s 10% growth target for 2026 quite ambitious.
However, he remains optimistic about Vietnam achieving this goal, citing supportive factors such as Resolution 68-NQ/TW on private economic development, which boosts business confidence; robust foreign direct investment (FDI) inflows; and significant contributions from public investment.
Additionally, the capital market shows promising signs following the stock market’s upgrade, recovering corporate profits, and growth among listed companies.
Mr. Dominic Scriven spoke at the HUBA Business Coffee program organized by the Ho Chi Minh City Business Association (HUBA) on November 29.
Notably, the Dragon Capital Chairman highlighted a factor that could contribute approximately 1% to Vietnam’s annual GDP growth over the next three years: the 5 million individual business households. Many small-scale businesses operate professionally and make substantial contributions to the economy.
However, most remain unregistered due to concerns over complex regulations, including paperwork, invoicing, and bank transactions.
Mr. Dominic Scriven
“The government is actively promoting plans to formalize individual business households, such as transitioning from presumptive tax to declaration-based tax. If support for these businesses is effective over the next three years, this sector could contribute 1% to annual GDP growth. Thus, Vietnam’s 10% GDP growth target is not without foundation,” said Mr. Dominic Scriven.
Earlier, at a talk show titled “Tax Transformation for Business Households: Transparency, Simplicity, Efficiency” organized by Nguoi Lao Dong Newspaper, Mr. Nguyen Ngoc Tinh, Vice Chairman of the Ho Chi Minh City Tax Consultancy and Agency Association, noted that the biggest challenge lies in implementation and operation, especially for older business owners unfamiliar with technology. Local authorities must provide hands-on guidance, and the new tax policy’s success relies on three pillars: policy, finance, and technological solutions.
Prominent Investment Fund Movements in the Last Week of November
Last week (November 24-28, 2025), investment funds predominantly disclosed prior transactions, with selling activities taking the lead. Building on the upward momentum from the previous week, the VN-Index continued its ascent in the final week of November 2025, edging closer to the 1,700-point mark.
Dragon Capital Elevates Stake in Dat Xanh Group to Over 9%
Dragon Capital acquired nearly 1.3 million shares of DXG during the trading session on November 20, 2025, elevating its ownership stake in Dat Xanh Group to 9.0514%.
Vietnam’s GDP Growth Outpaces Thailand by Sevenfold, Reports Sputnik
Vietnam’s Q3/2025 GDP growth surged to 8.23%, leading the ASEAN-6 and outpacing Thailand’s 1.2% growth by nearly sevenfold. Sputnik highlights Vietnam as a standout performer amidst a noticeable slowdown in many regional economies.
NCT Revises 2025 Profit Target Upward by 15%
On November 18, 2025, the Board of Directors of Noi Bai Cargo Services Joint Stock Company (HOSE: NCT) approved an adjustment to the 2025 business plan, setting new targets for revenue and after-tax profit at VND 1,156 billion and VND 311.6 billion, respectively. These revised figures represent a 15% increase compared to the previous plan.
What Drives the 2026 Growth Objectives?
The National Assembly has approved an ambitious economic growth plan for 2026, targeting a record-breaking increase of 10% or higher. What are the key drivers that will propel this unprecedented growth?
