Vietnam's world integration lacks the right mindset
There were many shortcomings in Vietnam's efforts to push for international integration including insufficient awareness about the process and a lack of a proactive mindset.
There were many shortcomings in Vietnam's efforts to push for international integration including insufficient awareness about the process and a lack of a proactive mindset at some Government ministries and local authorities.
This was revealed at an online conference held by the National Steering Committee for International Integration and chaired by three Deputy Prime Ministers on August 27.
Government officials charged with carrying out integration often lacked the necessary skills and knowledge for the job, participants said.
As a result, they said Vietnamese businesses and people were not well informed on numerous aspects of international integration and the country's preparation for international trade agreements and protocols had been slow and passive.
Deputy PM Vu Van Ninh urged Government ministries and localities to expand on numerous free-trade agreements signed by Vietnam as well as to provide businesses and the people with sufficient information to be able to seize the opportunity.
Deputy PM Vu Duc Dam said that in addition, international integration and economic integration required a proactive and collaborative approach across the country's numerous ministries, agencies and localities, especially from trade and business associations.
Deputy PM Pham Binh Minh said in recent years, long strides in international and economic integration had positively contributed to socio-economic development, elevated the country's status and helped safeguard the nation's independence and sovereignty.
He urged Government ministries, agencies and local authorities to continue to prioritise budget and manpower for the task, improve the qualifications of officials, ensure the quality of reports and supervision and enhance the country's law-enforcing capacity.-VNA
The diplomatic sector must lead the way as the country begins a new period in international integration, when it takes up a proactive role in deciding the rule of the game.
Opportunities and challenges for Vietnamese businesses during their East Asian economic integration process were discussed at a workshop in Hanoi on August 22.
Vietnam’s achievements and missed opportunities in the reform process and international economic integration were reviewed at the Autumn Economic Forum in central Thanh Hoa province.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.