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Weekly highlights: PM at World Economic Forum Annual Meeting of the Champions in China
Vietnamese Prime Minister Pham Minh Chinh has urged developed nations to support and collaborate with poor and developing countries in three priority areas, enhancing a market economy, infrastructure development and human capital. It was part of his keynote speech at the ongoing World Economic Forum Annual Meeting of the Champions held with the theme of 'Next Frontiers for Growth' in Liaoning Province, China.
Vietnam - World Economic Forum relations
Since Vietnam and the World Economic Forum (WEF) established relations in 1989, bilateral cooperation has been actively promoted and developed in a host of different fields.
PM to attend World Economic Forum annual meeting in Switzerland, visit Hungary, Romania
Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation will attend the 54th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland and pay official visits to Hungary and Romania from January 16-23, the Ministry of Foreign Affairs announced on January 11.
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Lunar New Year 2025: Int'l searches for hotels in Vietnam up by 139%
The Lunar New Year 2025 tourism season has seen exceptional growth. Accommodation searches from international tourists for Vietnam have surged by 139%.
Vietnam - Czech Republic traditional friendship
At the invitation of Czech Prime Minister Petr Fiala, Prime Minister Pham Minh Chinh pays an official visit to the Czech Republic from January 18 to 20, 2025. The visit coincides with the 75th anniversary of diplomatic relations between Vietnam and the Czech Republic (February 2, 1950 – February 2, 2025). Building on the foundation of 75 years of diplomatic ties, the visit is expected to serve as a catalyst for elevating the traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic.
2024: Vietnam's outbound investment rises by 57.7%
In 2024, Vietnamese investors launched 164 new projects and made 26 capital adjustments abroad. Vietnam’s total oversea
investment reached nearly 665 million USD, up 57.7% compared to 2023.
Newly-established and operation-resumed businesses in 2024 increase by 7.1%
In 2024, Vietnam saw over 157,200 newly registered businesses and nearly 76,200 businesses resuming operation, bringing the total number of new and revived businesses to over 233,400, a 7.1% increase compared to 2023.
Vietnam-Poland traditional friendship and multifaceted cooperation
Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation are paying an official visit to Poland from January 16 to 18, 2025, at the invitation of Prime Minister of the Republic of Poland Donald Tusk.
Proposed Government structure for 15th tenure
Based on the continued restructuring and streamlining of the organisational apparatus of the ministries and agencies under Resolution 18 by the Politburo, the Government structure for the 15th tenure (2021-2026) is expected to consist of 14 ministries and 3 ministerial-level agencies, a reduction of five entities.
2024: Rice exports hit record highs in volume and value
In 2024, Vietnam's rice exports set new records in both volume and value, solidifying the country's position as one of the world's top three rice exporters. Export volume reached an unprecedented 9 million tonnes, generating nearly 5.8 billion USD in revenue.
Foreign visitors to Vietnam up over 39%
In 2024, Vietnam welcomed nearly 17.6 million international visitors, marking a 39.5% increase compared to the previous year. The figure is equivalent to 97.6% of the total in 2019, prior to the COVID-19 pandemic.
Agro-forestry-fishery exports hit record 62.4 billion USD
Vietnam continues to solidify its position as one of the world's leading exporters of agro-forestry-fishery products, achieving an export turnover of 62.4 billion USD in 2024, an 18.5% increase compared to 2023.
2024: Key economic balances remain stable, trade reaches new heights
In 2024, the Ministry of Industry and Trade successfully achieved and exceeded all targets and tasks, delivering exceptional results across all areas.
2024 trade value sets record of nearly 800 billion USD
In 2024, Vietnam's trade revenue reached 786.29 billion USD, a 15.4% increase compared to 2023. Of this, exports rose by 14.3%, and imports grew by 16.7%. The trade balance recorded a surplus of 24.77 billion USD.
FDI disbursement in Vietnam in 2024 hits record high
By the end of 2024, the disbursed FDI capital in Vietnam is estimated to reach approximately 25.35 billion USD, up 9.4% compared to 2023, marking the highest disbursement level ever recorded. Total newly registered capital, additional capital adjustments, and foreign investors' capital contributions and share purchases are estimated at nearly 38.23 billion USD.
Great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos
At the invitation of Lao Prime Minister Sonexay Siphandone, Prime Minister Pham Minh Chinh along with a high-ranking delegation of the Vietnamese Government, visit Laos and co-chair the 47th Meeting of the Vietnam-Laos Intergovernmental Committee on January 9-10, 2025.
Average CPI in 2024 increases by 3.63%
The average Consumer Price Index (CPI) in 2024 increased by 3.63% compared to 2023, meeting the target set by the National Assembly.
Vietnam’s GDP in 2024 up 7.09%
Vietnam's Gross Domestic Product (GDP) in 2024 is estimated to grow by 7.09% compared to 2023. This growth rate is second only to the figures recorded in 2018, 2019, and 2022 within the 2011-2024 period.
Dak Nong Geopark: A model of harmony between nature and humanity
Dak Nong province has recently been re-certified as a UNESCO Global Geopark for the second time in 2024. The geopark preserves remarkable values of biodiversity, unique cultural heritage, geological significance, natural beauty, and traces of prehistoric human activity. It was first recognised as a UNESCO Global Geopark in July 2020.
Vision for 2045: Vietnam among the world's top 30 countries in digital transformation
The Politburo's resolution on advancing science, technology, innovation, and national digital transformation aims for sustainable development in these fields by 2045, positioning Vietnam as a high-income developed country.
Key targets for sci-tech, innovation and national digital transformation by 2030
According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in the
upper-middle-income group.
Extra train services for Lunar New Year 2025
To meet the increased travel demand during Lunar New Year 2025 (Year of the Snake), the railway sector is introducing additional train services and continuing to offer ticket discounts for passengers.
10 domestic destinations most-searched by Vietnamese travelers for Lunar New Year
Booking.com, one of the world’s leading online travel platforms, has announced the top 10 domestic destinations most searched by Vietnamese travelers between January 24 and February 9, 2025 - coinciding with the Lunar New Year holiday (Year of the Snake).
