Minister emphasises need to improve resilience of national economy
Improving the resilience and self-reliance of the national economy, laying a groundwork to build an independent and self-reliant economy integrated extensively and effectively into the world, holds particular significance for Vietnam in the new context, Minister of Planning and Investment Nguyen Chi Dung has said.
Minister of Planning and Investment Nguyen Chi Dung. (Photo: VNA)
Hanoi (VNA)♓ - Improvingthe resilience and self-reliance of the national economy, laying a groundwork to buildan independent and self-reliant economy integrated extensively and effectively into the world,holds particular significance for Vietnam in the new context, Minister ofPlanning and Investment Nguyen Chi Dung has said.
In an interview recently granted to the Vietnam News Agency, Dung said this approach aligns closelywith the consistent direction and guidelines outlined in the Party and State'sresolutions, strategies, and socio-economic development plans. Following the National Assembly's approval of a resolution on the socio-economic development plan for 2024 at its 6thsession, the Government swiftly issued resolutions to translate it into actions,he added. As complicated and uncertain global and domestic developmentsare forecast to persist, with numerous challenges ahead, achieving the set socio-economicdevelopment goals requires resolute and focused efforts to expedite key tasksand solutions, he said, adding that it is imperative to improve institutional refinement and law enforcement, thuscreating conditions to unlock, mobilise and use all resources effectively fordevelopment. Concurrently, significant strides must be made in strategicbreakthroughs concerning institutions, human resources, and infrastructuresystems. For businesses, he suggested instilling a spirit of innovation,self-reliance and adaptability, urging enterprises to seize even the smallestopportunities and devise contingency plans to navigate future uncertainties. He stressed the importance of anticipatingemerging trends, particularly in green economy and circular economy, and acceleratingdigital transformation and technology adoption to improve productivity,quality, efficiency and competitiveness. According to the minister, it is crucial to strengthen collaborationwith enterprises, especially those willing to transfer advanced techniques, newknowledge and cutting-edge technologies worldwide. There should be a heightened focus on improving the qualityof human resources through enhanced training and retention mechanisms,particularly skilled and high-level workers, as well as labour restructuring toadapt to and stay ahead of emerging market trends, he said./.
The number of new enterprises and those resuming their operation this month reached 27,335, up 5.5% year-on-year, and more than 1.3 times higher than the average figure in the 2018-2023 period, statistics show.
Vietnam’s ambitions go beyond mere economic gains, as evidenced by its early involvement in the discussion of the Indo-Pacific Economic Framework for Prosperity (IPEF) launched by the US in May 2022.
Prime Minister Pham Minh Chinh demanded renewing current growth drivers and optimising new ones while chairing the Government’s regular meeting on February 1.
Prime Minister Pham Minh Chinh requested developing the collective economy in terms of both quanity and quality while chairing a forum on the cooperative economy and cooperatives in Hanoi on February 2.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.