The website Bloomberg.com of the US on January 8 cited analysts' opinions, saying that the State Bank of Vietnam (SBV), among the first in Asia to lower borrowing costs in 2023, willl likely keep its benchmark interest rate steady through next year as it tackles economic growth and inflation concerns.
Vietnam gained a record-high export turnover of $4.8 billion from rice in 2023. However, former Deputy Minister of Agriculture and Rural Development Bui Ba Bong said there are still two things that need to be done.
Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market.
Vietnam’s overseas investment, including both newly-registered and adjusted capital, hit 420.9 million USD in 2023, down 21.2% from 2022, reported the General Statistics Office (GSO) under the Ministry of Planning and Investment.
Vietnam has set a target of obtaining US$54-55 billion in agro-forestry-aquatic export revenue in 2024.
Experts gathered at a forum in Ho Chi Minh City on January 4 to seek ways for domestic firms to effectively exploit the US market as the two countries have upgraded their ties to a comprehensive strategic partnership.
Without a long-term strategy and faster localisation, Việt Nam's energy sector could very well fall short in the competition for renewable energy market share on home ground, said industry insiders and experts.
The National Innovation Centre (NIC) is building a project on developing human resources for the semiconductor industry as part of the country’s efforts to provide 50,000 engineers for the industry, according to NIC Vice Director Vo Xuan Hoai.
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Minister of Industry and Trade Nguyen Hong Dien on December 12 held a working session in Hanoi with Cambodian Minister of Commerce Cham Nimul and Minister of Industry, Science, Technology and Innovation Hem Vandy, on the occasion of an official visit to Vietnam by Cambodian Prime Minister Hun Manet.
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The upcoming state visit to Vietnam by General Secretary of the Communist Party of China (CPC) Central Committee and President of China Xi Jinping from December 12-13 has prompted Vietnamese experts and researchers to forecast the trip will create new momentum for the bilateral relations.
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