Việt Nam News

Improving the resilience and self-reliance of the national economy, laying a groundwork to build an independent and self-reliant economy integrated extensively and effectively into the world, holds particular significance for Việt Nam in the new context, Minister of Planning and Investment Nguyễn Chí Dũng has said.

A surge in domestic coffee prices was attributed to the fact that traders actively purchased coffee before the Lunar New Year (Tết) holiday while exporters were afraid of supply shortages like last year so they tended to buy more.

Vietjet operates seven return flights per week between HCM City and Chengdu, with a flight time of over four hours per leg.

Although the unpredictable global market will affect the Vietnamese economy, there are still several channels that are likely to generate returns.

With the current export prices standing at $2,955 per tonne, reflecting a 35.2 per cent uptick from the previous year, Vietnamese coffee export companies were said to have secured substantial orders in the first quarter of 2024.

Investing in high-tech projects that utilise clean raw materials and reduce carbon emissions into the environment is the current global trend.

Việt Nam’s exports reached nearly US$33.6 billion in January, a 42 per cent surge over the same period last year and the highest level since April 2022.

It’s time to further promote the role of large corporations in this period when the Vietnamese economy needs added impulse to recover from the COVID-19 pandemic and global economic slowdown, according to the Ministry of Planning and Investment.

While Government expenditure was the main driver for the economy in 2023, local consumption will regain the spotlight in 2024, experts predicted.

The Government has set the GDP growth target at 6-6.5 per cent this year, after 2023 slowed to 5.05 per cent on weak global demand. New drivers from promoting innovation, high technology, green growth and digital transformation will create room for a stronger rebound.

Embarking on the journey into the transformative Year of the Dragon, Việt Nam aims to become a dragon-like force in the global landscape.

In Việt Nam, listed companies must now include ESG information in annual reports or submit sustainability reports.

Global economic uncertainties, challenges in the Australian economy, high inflation and exchange rate fluctuations are contributing factors to the decline.

Two-way trade reached US$79.43 billion last year, with Vietnamese exports shrinking 12.3 per cent year-on-year to $53.49 billion.

Sustainable development poses a big challenge for footwear businesses.

Leaders from foreign-invested companies shared their insights with Việt Nam News reporters, discussing their expectations for Việt Nam's economic growth in 2024 and outlining their key focuses for the year ahead.

Statistics of e-commerce data platform Metric showed that Vietnamese spent VNĐ41.5 billion (US$1.7 million) to buy 245,000 áo dài on four e-commerce platforms including Shopee, Lazada, Tiki and Sendo in December, two months before Tết, a rise of 6 per cent against the same period last year.

Prime Minister Phạm Minh Chính has recently issued a dispatch aimed at enhancing logistics connectivity to drive the consumption and export of agricultural, forestry and aquatic products, considering it one of the key tasks in agriculture and rural development.