The formation of long-term cooperation frameworks such as Comprehensive economic partnership agreement (CEPA) between Vietnam and United Arab Emirates (UAE) will provide the necessary foundations for the two sides to promote future cooperation, a Vietnamese official has said.
Sport officials, experts and business people shared their opinions and experiences concerning to sport economic management and development of Vietnam at the Vietnam Sport Economy Summit 2023 on June 3 in Hanoi.
Despite impacts caused by the COVID-19 pandemic, foreign direct investment is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.
The Organisation for Economic Cooperation and Development (OECD) has forecast that Vietnam’s economy will grow firmly, with its GDP projected at 6.5% in 2023 and 6.6% next year, according to an economic survey announced at a ceremony in Hanoi on April 26.
Vietnam’s 8% growth in 2022 was a bright spot of the region and the world, said Daniel Leigh, head of the World Economic Studies division in the International Monetary Fund (IMF)'s Research Department, which produces the World Economic Outlook (WEO).
Vietnam’s consumer price index (CPI) increased 4.18% year-on-year in the first quarter of 2023, according to the General Statistics Office of Vietnam at the Ministry of Planning and Investment.
The real estate sector ranks second in foreign direct investment (FDI) attraction in the first quarter of 2023 with 766 million USD, accounting for 14.1% of total FDI.
Vietnam’s economy is likely to strongly recover in the second quarter of 2023, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered.
Vietnamese small- and medium-sized enterprises (SMEs) have showed their limited participation in circular economy for both subjective and objective reasons, mostly related to resources, awareness, capacity and vision for benefits of circular economy, said Director of the Institute for Circular Economy Development (ICED) Asso. Prof. Dr. Nguyen Hong Quan.
Prof. Pankaj JhaPankaj Jha from O. P Jindal Global University of India has highlighted prospects of Vietnam’s economic growth in his recent article published on the website moderndiplomacy.eu.
Singapore's fintechnews.sg has published an article entitled "Vietnam's SMEs Get a Boost from Digital Lending" affirming that a strong import-export boom and positive digital trends are lending a helping hand to Vietnam's small and medium-sized enterprises (SMEs) to sustain growth.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam is likely to attract 36-38 billion USD in foreign direct investment this year. The figure was over 22.7 billion USD in 2022.
Germany's weekly Die Zeit (The Times) has ran an article spotlighting Vietnam's prosperous economy and its open-door policy to investors, affirming that these has helped attract more German firms to explore investment and business opportunities in the country.
Vietnam's digital economy is said to boast the fastest growth in the Southeast Asian region with gross merchandise value (GMV) expected to rise 28% year-on-year to 23 billion USD in 2022.
Vietnam is one of the most successful economies globally, made evident by the strong recovery of its textile-garment, electronics, fisheries and agriculture sectors post-COVID-19, according to Baron de Grand Ry, Honorary Consul of Vietnam in Belgium.
Brand building for businesses must go hand-in-hand with social responsibility to form the foundation for sustainable development, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Amid fluctuations in the world situation, especially the increase in interest rate, soaring inflation and tightened monetary policies, the Government will stay consistent with the targets of maintaining macro-economic stability, reining in inflation, promoting growth and ensuring major economic balances in the rest of the year.
Business
