The International Monetary Fund pegs Vietnam’s economic growth at nearly 6% this year, driven by exports, foreign direct investment, and policy support. Vietnam’s recovery began in late 2023, fueled by a rebound in exports, tourism, and appropriately expansionary fiscal and monetary policy support, said Paulo Medas – deputy division chief in the IMF’s Fiscal Affairs […]

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Vietnamese Prime Minister Pham Minh Chinh has asked state-run enterprises to map out a plan to pilot the hiring of foreign chief executive officers, the Vietnam Government Portal reported.   Prime Minister Pham Minh Chinh delivers his speech at a working session with state-owned enterprises in Hanoi on June 15, 2024. Photo: Vietnam Government Portal  The prime […]

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The events expected to attract hundreds of domestic and foreign exhibitors.   The Automation World Vietnam and Electric Energy Show 2024 are scheduled to take place in southern Binh Duong province on September 25-27. Each event is expected to draw over 150 domestic and foreign enterprises showcasing products at more than 200 booths. The exhibitions […]

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The council to focus on accelerating construction of 8 logistic centers in the city.   Ho Chi Minh City will establish the logistic development council which will focus on accelerating the construction of eight logistic centers in the southern metropolis, according to the municipal People’s Committee. The committee has required the municipal Department of Home […]

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Vietnam’s State President To Lam hosted a welcome ceremony for Russia’s President Vladimir Putin at the Presidential Palace in Hanoi around noon on Thursday. This is the first time that the Vietnamese head of state and his Russian counterpart have met since the former was elected state president in May.   A 21-cannon salute is fired to […]

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Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Vietnam at 6% in the second quarter of 2024. People shop in a supermarket in Ho Chi Minh City. Photo by VnExpress/Thanh Tung For the full year, UOB maintained the previous forecast at 6%. Inflation will be controlled at 3.8%. In 2025, UOB […]

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They include projects connecting with main axis and seaports.   Ho Chi Minh City will give investment capital priority to key transport projects as part of its transport infrastructure development master plan in the 2020-2030 period. The municipal People’s Committee has asked the city’s Department of Planning and Investment to coordinate with the Department of […]

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Vietnam’s industrial production index (IIP) is continuing its positive growth pace with an increase of 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO).   Workers are seen at a wood factory in Binh Duong Province. Photo by VnExpress/Le Tuyet  The GSO said the IIP […]

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ESG compliance has become an inseparable part of the journey enterprises must take towards green transition.   Analysts view worsening climate change, energy crises, and geopolitical and economic conflicts as raising myriad problems for sustainable development in the world’s economies. In response to such threats, growing numbers of major markets have set sustainable standards for […]

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Da Nang city has entered the top 1,000 cities with the highest startup ecosystem index globally for the first time.   Illustration According to the “Global Startup Ecosystem Index 2024” report published by StartupBlink, Vietnam’s startup ecosystem index has regained positive growth momentum in 2024. Specifically, Vietnam’s ranking in the global startup ecosystem index for […]

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