EXPORTS AND FDI VIETNAM’S GROWTH DRIVERS IN Q4
Vietnam’s economy in the first eight months of 2024 showed positive results, with a strong growth rate highly regarded by international organizations. Many international institutions are optimistic about Vietnam's economic growth. The World Bank predicts a 6.1% increase in 2024, and 6.5% in 2025 and 2026; UOB forecasts growth above 6%, and HSBC 6.5%.
PM URGES FASTER DEVELOPMENT OF KEY INFRASTRUCTURE PROJECTS
Chinh chaired the 14th meeting of the State steering committee for key national infrastructure projects in Hanoi this afternoon, September 17, emphasizing that the implementation of these projects is an important political task.
LOGISTICS GROUPS BRANCH OUT FOR GAINS
Deputy director Tran Hong Kien said, “In the next five years, our revenue and profit are expected to grow continuously on an annual basis at an average rate of about 11 and 23 per cent, respectively. Return on equity is expected to reach about 14 per cent a year on average. This is a good performance compared to other companies in the same industry.”
VIETNAM REVISES IMPORT TARIFFS UNDER ASEAN-KOREA TRADE AGREEMENT
The Government of Vietnam has issued a decree to revise import tariffs under the ASEAN-Korea Free Trade Agreement (AKFTA) in the 2022-2027 period. Under Decree No. 81/2024/ND-CP, goods such as live animals, meat, and meat by-products intended for consumption post-slaughter will now enjoy a zero percent AKFTA tariff.
VN AIMS TO BUILD A MODERN, SUSTAINABLE, EFFICIENT LOGISTICS INDUSTRY
Viet Nam needs a long-term development strategy for the logistics industry. “A development strategy to 2035 with a vision to 2045 will link logistics with the development of goods production, import and export, transport infrastructure and information technology in a sustainable, modern and efficient direction,” Hải said.
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
DEMAND SOARS, POWER ECONOMY URGED
The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.
