Economy

The key agricultural products of the two countries complement each other rather than compete. Therefore, Vietnam is willing to open its market to US agricultural products.

In 2024, the socio-economic situation of the country in general and Long An in particular met many intertwined opportunities and challenges.

In recent years, the youth start-up movement in Long An province has not only promoted economic development but also closely linked to the goal of environmental protection and climate change adaptation.

The programme aims to fundamentally transform administrative processes by decentralising decision-making and promoting the application of science technology and digital transformation.

The power grid system in Long An province is continuously invested, upgraded and expanded, along with the strong development of renewable energy projects.

Released on March 25, the directive underscored the pivotal role of the private sector, particularly SMEs, which constitute 98% of all active businesses in the country.

Ambassador Ly Duc Trung has expressed his hope that Israeli businesses will not only see Vietnam as a market for selling technological products to but also recognise its potential for cooperation for mutual development.

Vietnam now has 17 inland container depots (IDCs) across 12 provinces and centrally-governed cities. IDCs form a crucial part of the country’s transportation infrastructure network.

Recently, the Department of Agriculture and Environment has focused on testing and experimenting and has initially identified a number of suitable rice varieties that can be widely replicated in the coming time.

The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

Among Southeast Asian financial hubs, HCM City ranks below Singapore, Kuala Lumpur (Malaysia), Bangkok (Thailand), and Jakarta (Indonesia), but stands above Manila (The Philippines).

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.