Want to be in the loop?
subscribe to
our notification
Business News
VIET NAM CALLS FOR MORE INVESTMENT IN GREEN ECONOMY, DIGITAL ECONOMY AT WORLD GOVERNMENT SUMMIT
Deputy Foreign Minister Pham Quang Hieu suggested international partners and investment funds invest in areas of Viet Nam’s priorities such as green economy and digital economy.
Pham made that above statement while attending the World Government Summit (WGS) 2023 which took place in Dubai, the United Arab Emirates (UAE) from February 13-15.
Speaking at the event, the Vietnamese diplomat underlined that Viet Nam is making efforts in achieving the net zero emission target by 2050 and gives priority to enhancing economic transformation based on science technology and innovation.
The nation has issued the National Digital Transformation Program by 2025, with an orientation towards 2030 and focused on training to meet the demands of a digital society, he added.
The summit attracted the participation of 10,000 delegations, including 20 heads of state and government from Egypt, Paraguay, Georgia, Serbia, Rwanda, Kuwait and Tunisia and leaders from international organizations.
In his remarks delivered at the summit, Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala stated that Viet Nam is an important link in the process of restructuring supply chains in the region and the world.
*On the sidelines of the WGS, Pham met Deputy Prime Minister and Foreign Minister of Turkmenistan Raşit Meredow, and Foreign Minister of Maldives Abdulla Shahid.
He recommended these countries continue close coordination with Viet Nam at international forums and organizations and foster collaboration in prioritized areas including trade, tourism, investment, climate change adaption, transport and aviation.
* During the Deputy Foreign Minister's visit to the UAE, he co-chaired the political consultation with UAE's counterpart Saeed Mubarak Al-Hajeri, and had a meeting with UAE Minister of State for Foreign Trade Thani Al Zeyoudi.
The bilateral trade value hit US$8.8 billion in 2022, up over 35 percent from the previous year, making the UAE the largest trade partner of Viet Nam in the Middle East.
Both sides pledged to join hands in implementing political-diplomatic, economic and cultural activities in 2023 to celebrate the 30th anniversary of the bilateral diplomatic ties.
Siurce: VCCI
Related News
SPECIAL INVESTMENT PROCEDURE: A GAME CHANGER FOR HIGH-TECH PROJECTS IN VIET NAM
Viet Nam is poised for a regulatory shift with the upcoming implementation of a special investment procedure starting earlier next year. Starting from January 15, 2025, investors will be able to enroll for investment under special procedures as outlined in the Draft Decree detailing the Investment Law.
CLEAR LEGAL FRAMEWORK NEEDED TO UNLOCK DIGITAL ASSET POTENTIAL
The past decade has seen remarkable advancements in technology worldwide, particularly in digital assets such as blockchain, cryptocurrencies, asset tokenization and decentralized finance (DeFi). Once unfamiliar, digital assets have now become integral to the global financial system. Leading nations in this field not only to drive innovation but also establish a strategic edge in the global economy.
VIETNAM TO RANK AMONG TOP 15 LARGEST ECONOMIES IN ASIA BY 2025
Based on data from the International Monetary Fund (IMF), Seasia Stats predicts that Vietnam’s economy will reach $506 billion in 2025, earning it a place in the top 15 largest economies in Asia. “Vietnam is rapidly developing thanks to its manufacturing boom and strong foreign investment inflows,” Seasia Stats noted.
PM ORDERS SWIFT RESOLUTION OF CHALLENGES FOR RENEWABLE ENERGY PROJECTS
Prime Minister Phạm Minh Chính has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
VIETNAM'S GDP GROWTH WILL LEAD THE REGION IN 2025
A report published by Oxford Economics on December 16 noted that Vietnam's economy has been the region's outperformer in 2024, with full-year growth likely at 6.7 per cent on-year. The country is expected to continue to outperform its peers next year, growing by 6.5 per cent.
HANOI'S ECONOMY CONTINUES TO SUSTAIN GROWTH
Speaking at the opening session of the 20th meeting of Hanoi People’s Council on December 4, Deputy Chairman of Hanoi People’s Committee Ha Minh Hai reported that the capital’s economy has maintained high growth, with regional GDP rising by 6.12 per cent in the first nine months of the year, and expected to exceed 6.5 per cent for the full year.