Source: VNA
Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.
The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.
Vietnam’s domestic wood market could grow from around 5 billion USD in 2025 to 7-7.7 billion USD by 2030, representing annual growth of 7-9%.
The opening-hour buying and selling rates at major commercial banks fell sharply from the October 8 trading session.
Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.
The great friendship, special solidarity, comprehensive cooperation and strategic cohesion between Vietnam and Laos, and between Laos and Vietnam, are an invaluable asset of the Vietnamese and Lao Parties, States and people. It is the responsibility of today's generation to transform this invaluable political asset into new resources for the development of the two countries’ people.
Industrial site selection was previously driven largely by land prices, location and access to markets. However, as supply chains become more complex and manufacturing projects face higher technical requirements, businesses are increasingly assessing sites based on their long-term operational capabilities.
Discussions focused on improving the quality of human resources to meet the changing demands of the economy, with people placed at the centre of innovation, productivity growth and competitiveness enhancement.
Under the LOIs, VinFast and its partners will establish more than 50 e-motorcycle showrooms in 34 cities across 15 states and territories of India.
Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.
Vietnam's e-commerce market reached approximately 31 billion USD in 2025, ranking among the world's top 10 and third in ASEAN, she said, adding that this had laid the foundation for digital exports.
Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.
Nine Vietnamese businesses and units will take part in the Vietnam-Cambodia Business Networking and Product Promotion Exposition (VIDEX CAMBODIA 2026), scheduled for October 14-17 in Phnom Penh.
Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.
The State Bank of Vietnam set the daily reference exchange rate at 25,634 VND/USD on October 8, down 4 VND from the previous day.
Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.
The municipal Department of Industry and Trade has submitted a proposal for a project to develop Hai Phong into a modern international logistics centre linked to international seaports and economic corridors and belts.
Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.
Exports totaled almost 87.5 billion USD while imports hit 90.3 billion USD. The figures show output at the electronics manufacturing hub is still expanding. They also underscore the need for local companies to build capacity and capture more value in supply chains.
The impact of science, technology, innovation, and digital transformation will be gauged not just by the number of tasks undertaken or research results, but also by productivity, added value, efficient use of resources, and reduced time and costs for individuals and businesses.
