Business News

A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.

There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6 per cent compared to last year. This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000.

The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Việt Nam, according to Lê Thành Quân, head of MPI's department of economic zone management.

Vietnam reached more than 14 billion USD in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI).

A circular economy aims to circulate the waste within a single enterprise or turn waste from one industry into a resource for another. According to the United Nations Industrial Development Organisation (UNIDO), a circular economy is a closed production cycle, where waste is returned as raw materials for production, thereby reducing any negative impact on the environment, ecosystems, and human health.

According to forecasts by the International Monetary Fund (IMF), Vietnam will record an economic growth of 6 percent in 2022, among economies with the highest growth rate of the world.

Deputy Prime Minister Le Van Thanh has signed a Decision approving Viet Nam’s chemical industry development strategy till 2030, with a vision to 2040.

Vietnamese products are to face numerous trade defence measures in the future despite the large number of free trade agreements (FTAs) the country has signed, according to trade experts and policymakers.