According to trade experts, Vietnam is ranked as the world's 20th largest exporter in the world and among the world's top exporters of various products such as rice, coffee, cashews, and garment-textiles.
Vietnam’s plan to establish regional and international financial centres in Da Nang City and Ho Chi Minh City will not only enhance the country’s position in the regional and global financial systems but also create motives for sustainable economic growth.
This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.
This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
Beyond reforms, establishing effective mechanisms for dialogue and policy feedback is critical, enabling the private sector to shape economic decisions with practical, actionable input.
More measures will be actively deployed in response to the EU’s "green growth policy."
Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.
After five years of implementation, the EU-Vietnam Free Trade Agreement (EVFTA) has delivered many positive outcomes, including a robust growth of Vietnamese exports to the EU, particularly in key sectors such as textiles, footwear, and agro-fishery products.
By early 2025, daily trading volume on the Ho Chi Minh Stock Exchange had recovered to an average of 13 trillion VND (509 million USD), signalling a potential bullish phase for Vietnam’s equity market.
To better support enterprises, the Prime Minister required the active, effective and concerted implementation of tasks and measures set out at the Government’s resolutions and the PM’s directions on sustainable development, the circular economy, sustainable production and consumption, energy conservation and efficiency, environmental protection, climate change adaptation, and green growth.
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