Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The Human Capital Index (HCI) measures the expected human capital a child born today can attain by age 18, considering health and education risks in their country [11][21] - The revised Human Capital Index Plus (HCI+) extends the HCI by incorporating human capital accumulation through higher education and skills acquired during working life, recognizing that human capital development continues beyond formal schooling [14][39] - The HCI+ tracks human capital across three domains: health, education, and on-the-job learning, allowing for a more comprehensive understanding of productivity impacts [15][43] Summary by Sections Introduction - Human capital encompasses health, knowledge, skills, and resilience, which are crucial for productivity and economic growth [10][20] - Investments in human capital can lead to sustainable growth and poverty reduction, but countries often underinvest due to delayed benefits [10][20] HCI and HCI+ Methodology - The HCI measures human capital accumulation from birth to age 18, while the HCI+ extends this measurement into adulthood, capturing ongoing human capital development [24][39] - The HCI+ is designed to be responsive to current policies and outcomes, making it more relevant for policymakers [33] Components of HCI+ - The HCI+ includes three domains: - Health and nutrition, which considers stunting and adult survival rates [44] - Education, which evaluates years of schooling and learning outcomes [45] - On-the-job learning, which assesses work experience and labor market participation [46] - Each domain's contribution to productivity is quantifiable, allowing countries to identify areas needing improvement [15][43] Economic Implications - A 1% increase in HCI+ is associated with a 1% increase in average earnings potential, which can correlate with GDP growth in the long term [56][57]

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There was a hope that maybe after the uncertainty of the budget was worked through, December would look better, that December would be more positive. But this data set doesn't seem to show that turning a corner story. What do you think's going wrong. It's still going up.And the thing that I'm really interested in when I think about the pace of economic growth is what's happening to GDP per capita. That's what translates into rising living standards for people across the country. Last parliament had GDP per ...

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Market Overview - Vietnam's new vehicle market rebounded by 90% to 29,774 units in January 2026 from 15,676 units in January 2025, according to VAMA data [1] - Compared to peak volumes of 42,701 units in December 2025, the market was down by 30% in January 2026 [2] Economic Context - The vehicle market growth is supported by strong economic growth, with GDP accelerating to 8.5% year-on-year in Q4 2025, marking the fastest quarterly growth in 15 years [2] - The overall economy expanded by 8% in 2025, driven by robust domestic consumption, fixed investment, and exports [2] Sales Performance - Light passenger vehicle sales surged by 103% to 22,440 units, while commercial vehicle deliveries increased by 59% to 7,334 units in January 2026 [3] - Truong Hai (Thaco) Group reported an 82% sales increase to 9,458 units, including a 98% jump in commercial vehicle sales to 2,001 units [3] - Major brands like Toyota, Ford, Mitsubishi, and Hyundai also reported significant sales increases, with Ford's sales surging by 109% to 5,121 units and Mitsubishi's by 194% to 5,039 units [4] Future Projections - GlobalData forecasts that sales of light vehicles in Vietnam will grow by over 4% to 587,000 units in 2026, up from 564,000 units in 2025, driven by continued economic growth and rising consumer demand [5] - The Vietnamese government will continue to exempt battery electric vehicles (BEVs) from vehicle registration tax until the end of February 2027, further supporting market growth [5]

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