TRANSPORT SECTOR FACES MIXED OUTLOOK FOR 2024
According to the World Bank, Vietnam's Logistics Performance Index (LPI) ranking decreased by four places to 43rd in 2023. Despite this drop, Vietnam's LPI score increased to 3.3 points from 3.27 points in 2018, indicating gradual improvements, particularly in customs efficiency and infrastructure quality.
VIETNAM'S MANUFACTURING EXPECTED TO GROW IN 2024
The S&P Global Vietnam Manufacturing Purchasing Managers' Inde (PMI) posted 48.9 points in December, remaining below the 50 and signalling a fourth consecutive monthly decline in business conditions in the sector. That said, the index rose from 47.3 points in November to point to a softer rate of deterioration.
VIET NAM'S GDP GROWTH ESTIMATED AT 5.05% IN 2023
The economy continued to maintain quarter-on-quarter recovery pace this year, expanding 3.41 percent in January-March, 4.25 percent in April-June, 5.47 percent in July-September, and 6.27 percent in October-December.
FORESTRY SECTOR TARGETS US$17.5 BILLION IN EXPORT REVENUE IN 2024
The forestry sector targets to raise export value to US$17.5 billion in 2024, said Trieu Van Luc, Deputy Director of the Forestry Department under the Ministry of Agriculture and Rural Development.
TRANSPORT SECTOR FACES MIXED OUTLOOK FOR 2024
According to the World Bank, Vietnam's Logistics Performance Index (LPI) ranking decreased by four places to 43rd in 2023. Despite this drop, Vietnam's LPI score increased to 3.3 points from 3.27 points in 2018, indicating gradual improvements, particularly in customs efficiency and infrastructure quality.
MANY TAX AND CUSTOMS POLICIES PROVIDE SUBSTANTIVE SUPPORT TO BUSINESSES
At the recent conference on tax and customs policies and administrative procedures for 2023, jointly organized by the Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Finance, VCCI President Pham Tan Cong expressed appreciation for the resolute determination and reform efforts demonstrated by the Ministry of Finance, the tax sector, and the customs sector.
SEVEN COMMODITIES WITH EXPORT VALUE OF OVER 10 BILLION USD
In the first 11 months of 2023, seven commodities of Vietnam posted export value of over 10 billion USD, accounting for over 60% of the country's total export turnover.
HANOI'S SUPPORTING INDUSTRY PROMOTES TECHNOLOGY INVESTMENT
Nguyễn Đình Thắng, deputy director of Hà Nội Department of Industry and Trade, said that Hà Nội had determined that the development of the supporting industry would be an important solution to have sustainable economic development, increase the ability to attract foreign direct investment, promote technology transfer, and boost the development of small and medium-sized enterprises.