Business News

The strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Vietnam in the battle to move up the global value chain ladder and promote sustainable development.

Resolution 128/NQ-CP on safe, flexible adaptation to and effective control of the COVID-19 pandemic, issued at the right time and placed on a reasonable roadmap, is the boldest and most productive decision of the Government.

Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% y/y. Q4 2022 growth is anticipated at 4.0%.

The Vietnam Blockchain Association will open a series of discussions about the potential of blockchain technology from leading experts in the field, shedding light on legal policy issues, opportunities, and potential risks surrounding blockchain applications at the Vietnam Blockchain Summit 2022.

The data was revealed in a report at the National Assembly's (NA) Committee for Economic Affairs on Tuesday morning. Assessments were made based on Government reports on the implementation of the socio-economic development plan, the State budget estimate in 2022, and the socio-economic development plan in 2023.

Phòng said such efforts helped the team of entrepreneurs and businesses to grow. By the end of 2021, Việt Nam had nearly 860,000 enterprises in operation, about 15,300 non-agricultural cooperatives and about 5.1 million business households.

Six commodities registered an export value of over 10 bln USD in the first eight months of 2022, accounting for 63.9 percent of the country's total exports.

On the morning of October 7, CT Group and the Vietnam Hong Kong Business Association signed a comprehensive cooperation agreement in many fields, bringing practical benefits and promoting sustainable relations between the Vietnamese business community. and Hong Kong.