Economy

Vietnamese tech firms are expected to grow rapidly in both the mid-and long-term thanks to rising IT demand around the world and rapid digital transformation at home.

A delegation Lam Dong led by Secretary of the provincial Party Committee Tran Duc Quan has paid a visit to Belgium to seek stronger partnership with businesses and localities in the European country.

The confidence of European enterprises in Vietnam’s investment and business environment slipped further to 62.2 percentage points in the wake of a worsening global economic downturn but still remains strong.

CPV Food Co., Ltd., a subsidiary of the CP Vietnam Corporation, plans to ship the first lot of processed chicken to Japan within October after managing to meet all food safety and quarantine requirements in the market.

Most Vietnamese firms operating in supporting industries are technologically and managerially underdeveloped, according to insiders.

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,682 VND/USD on October 20, up 19 VND from the previous day.

On October 19, Vice Chairman of Long An Provincial People's Committee - Pham Tan Hoa and leaders of a number of provincial departments and agencies attended "Vietnam Logistics - Transformation for Development" Forum.

The capital city of Hanoi attracted 1.02 billion USD in foreign direct investment (FDI) in the first nine months of 2022, up 18% year-on-year.

The strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Vietnam in the battle to move up the global value chain ladder and promote sustainable development.

Hai Phong is striving to become a major economic hub of the northern key economic region through expanding inter-provincial cooperation and coordination with other regional localities.

Despite global volatilities, Vietnam’s economy has rebounded strongly this year beyond the forecasts of many international organisations, making the country one of the rare bright spots in the global gloomy picture.

The AFF Mitsubishi Electric Cup 2022 will be the last tournament coach Park Hang-seo leads the national men’s team of Vietnam.