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
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.