Business News

Nghe An, Vietnam – On September 28, 2024, WHA Industrial Zone 1 – Nghe An, in collaboration with the Dong Nam Economic Zone Authority and Nghi Loc District authorities, proudly hosted the 2024 WHA Job Fair. The event attracted over 1,400 attendees, including students, vocational graduates, and local job seekers, making it a significant milestone in fostering connections between job seekers and businesses.

At the forum, participating businesses unanimously agreed on the need to further strengthen policies related to e-contracts to address practical challenges. Issues such as high costs, complex procedures, and limited acceptance by third parties remain significant barriers.

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus. After cooling down in August 2024 and bottoming out at the end of September, the USD/VNĐ exchange rate has shown signs of increasing again since the beginning of October.

Under a draft strategy for the development of the automobile industry through to 2030 sent to the government late last month, the market in Vietnam will grow by 14-16 per cent annually by the end of the decade, with total consumption of over one million units. Of these, electric and hybrid vehicles are expected to account for 350,000 units.

There have been concerns that the impact of Typhoon Yagi, the strongest storm Vietnam faced in 70 years, would weigh on growth. The northern provinces were hit particularly hard in early September, with damages estimated at over $3 billion.

According to the Provincial Planning for 2021-2030, with a vision to 2050, recently approved by the Prime Minister, Vinh Phuc province will prioritize industrial development, particularly in semiconductor projects, attracting significant investment from major semiconductor corporations.

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According to the 2024 Global Innovation Index (GII) report, Vietnam ranks 44th out of 133 countries and economies, moving up two spots from 2023. Vietnam leads the world in three indices: high-tech imports, high-tech exports, and creative goods exports.