VN attends Davos World Economic Forum meeting

Deputy Prime Minister Nguyen Thien Nhan is joining around 30 Heads of State and Government at the 41st World Economic Forum Annual Meeting that opened in Davos, Switzerland, on Jan. 26.
Deputy Prime Minister Nguyen Thien Nhan isjoining around 30 Heads of State and Government at the 41st WorldEconomic Forum Annual Meeting that opened in Davos, Switzerland, on Jan.26.

The five-day forum, themed “Shared Norms for the NewReality” will focus discussions on world economic prospects, policies topromote economic growth, support to the G-20 agenda and building asystem to cope with risks.

Davos forum’s founder and executivechairman Klaus Schwab said that this year’s forum should define economicchallenges to the world instead of considering the aftermath of therecent global financial crisis.

The forum will define new realities and discuss standards for global cooperation in the new period, said Schwab.

Onthe opening day, delegates were scheduled to discuss economic recovery,the world’s big challenges in 2011, green technology, alternativeenergy and China’s economic prospects./.

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Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.