A national symposium was held in Hanoi on January 13 to review Vietnam’s economy last year, and point out the opportunities and challenges of international integration.
A goods container is loaded at Dinh Vu port in Hai Phong city (Photo: VNA)
Hanoi (VNA) – A national symposium was held in ൲Hanoi on January 13 to review Vietnam’s economy last year, and point out the opportunities and challenges of international integration.
2015 is considered a special year for Vietnam’s global integration, with the successful conclusion of the Trans-Pacific Partnership (TPP) negotiations, and the formation of the ASEAN Economic Community. The intensive integration into the region and the world is believed to generate a host of opportunities and challenges for society overall, the economy, and each individual person.
Prof. Tran Tho Dat and Assoc. Prof. To Trung Thanh from the National Economic University said from 2016 and in following years, Vietnam must drastically reform its growth model, restructure its economy, renovate FDI attraction policies, and foster support industries.
The State should design policies that help the private economic sector reach a higher position in the global value chain, apply a more flexible exchange rate control mechanism, closely control budget deficit and public debt, and effectively monitor financial and monetary security, they added.
2016 is the first year of implementing the five-year socio-economic development plan, which will be issued at the upcoming 12th National Party Congress, along with a number of new-generation free trade agreements. Hence, the country must realise its commitments to improving local business climates and economic institutions, symposium participants said.
Dr Nguyen Manh Hung from the Party Central Committee’s Commission for Economic Affairs noted that the Politburo should issue a directive on the TPP implementation. It will serve as a foundation for all-level Party committees, the National Assembly, the Government, ministries, localities and businesses to design their own action plans to optimise chances and minimise risks.
He also called for accelerated institutional reforms, as well as increased communication to raise State agencies, enterprise and the public’s awareness of international integration, TPP and other free trade agreements.-VNA
A new path of development began when Vietnam achieved a 6.68 percent GDP growth rate in 2015, signed a number of free trade agreements, and joined the ASEAN Economic Community.
An inter-ministerial meeting took place in Hanoi on January 8, to review the results of Vietnam’s ASEAN cooperation in 2015 and define priorities for 2016.
The Government has promulgated a Resolution underlining key measures to realise the socio-economic development plan and State budget estimates in 2016.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
A goods container is loaded at Dinh Vu port in Hai Phong city (Photo: VNA)
