Economy

Deputy Secretary of Provincial Party Committee - Nguyen Van Ut directed departments, branches and localities to focus on immediately removing difficulties and obstacles for enterprises.

In his March 9 official dispatch, Prime Minister Pham Minh Chinh urged ministries, agencies, and localities to focus on thoroughly reviewing, reducing, and simplifying regulations and administrative procedures.

The strong growth in export value is evidence of the industry's potential, underscoring the need to continue investing in processing technology, expanding markets, and responding flexibly to global fluctuations.

The eco-industrial park model is now being scaled up across multiple provinces with positive response from business community.

A national steering committee for building a private economic development project will be established with Prime Minister Pham Minh Chinh as its head.

According to the Vietnam Pepper and Spice Association, the country exported 28,000 tonnes of pepper during this period, generating an impressive revenue of 188.7 million USD.

Developing a circular economy is considered a way to harmonize the relationship between economic growth and development and environmental protection, and is the path towards a green economy and sustainable development.

Therefore, the ministry will focus on implementing effective solutions to bring into full play competitive advantages and seize opportunities by promoting and supporting businesses and industry associations.

The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyen Duc Chi announced at the government’s regular press conference on March 5.

Due to the effects of global supply and demand developments, Vietnam's rice exports in the first two months showed a declining trend as export prices continuously fell.

From January to February, 516 new investment projects were registered, totaling more than 2.19 billion USD. This represented a 10% increase in the number of projects, but a 48.4% decrease in registered capital.

Australia’s East Asia Forum commended Vietnam as an economic development model, crediting the new leadership for pushing hi-tech innovation, mega infrastructure and institutional reforms.