Hanoi (VNA) 𒆙– The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in2024 in its article published on April 4.
The article cited projections for Vietnam's real GDP growthto reach 5.8% and per capita GDP growth at 7.41%. Vietnam found itself positioned behind the Macao Special Administrative Region (China) which claimed the top spot,followed by India, Cambodia, Bangladesh, and the Philippines. Within SoutheastAsia, Indonesia followed Vietnam at 10th, Malaysia at 14th,Laos at 18th, and Thailand at 20th. With a projected expansion of 4.5%, the Asian economies areexpected to collectively contribute over 60% of the global economic growththis year. However, the article highlighted the importance of effectiverisk management for sustained economic recovery. Key challenges facing the Asianeconomies include the ongoing real estate crisis in China, potential financialinstability in debt-laden nations, inefficiencies within supply chains, and theescalating threat of rising transport costs./.
With comprehensive solutions, the Ministry of Industry and Trade (MoIT) has joined concerted efforts to help the domestic economy overcome unprecedented challenges it faced last year.
The female billionaire Nguyen Thi Phuong Thao has shown that with talent, hard work and a bold heart to dream and make the dreams come true, any women can break the glass ceiling and contribute to the development of their homeland.
HSBC reports that following a challenging year of 2023, the Vietnamese economy is forecast to improve in 2024, with exports surging by a remarkable 42% in January 2024.
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.
Illustrative image (Photo: VNA) 
