- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
On December 27, The Ministry of Foreign Affairs, the State Committee for Overseas Vietnamese Affairs, and the Hai Phong City People's Committee co-organized the Conference on Mobilising Overseas Resources, Connecting Localities and Businesses.
The trade of goods between Vietnam and the markets in Europe and America had a notable downturn in 2023. It is anticipated that the total value of products imported and exported will be $208 billion, a 9.5% decline from 2022.
In the aftermath of the United Nations Framework Convention on Climate Change (COP28) in Dubai, United Arab Emirates (UAE), many Vietnamese local banks are increasing their efforts in green lending.
The inspection of the management of investment and construction of power projects under Power Plan 7 and its 7 adjustments showed that the addition of many solar power projects, mainly in the Central and Central Highlands regions, is inappropriate.
In 2023, Binh Duong province developed 56 new cooperatives and 19 agricultural cooperatives. Currently, the province has 257 cooperatives, an increase of 27.86%, with 2,216 members and an operating capital of VND48.946 billion.
Several prestigious international organisations continue to highly appreciate the achievements and prospects of the Vietnamese economy, predicting a rapid recovery shortly.
Decision No. 2467 on amending and extending the province's investment attraction list for the years 2021–2025 was released by Son La province on November 22 to encourage and assist investors in their investigation of potential investment in the area.
The One Commune One Product (OCOP) initiative, which has been in place for almost five years, has evolved into a province-wide production movement. After Hanoi, Thanh Hoa is currently ranked second in the country for the quantity of OCOP products.
The State Securities Commission has awarded Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) a certificate of registration for the public offering of additional shares to expand its charter capital.
On the morning of December 23, President Vo Van Thuong and the delegation attended the 10th anniversary of VSIP Quang Ngai.
The State Bank of Vietnam is drafting a circular to amend Circular No. 10/2016/TT-NHNN regulating indirect overseas investment activities.
In 2023, Vietnam's timber export industry is facing a significant challenge, with an estimated export turnover of only $13.5-14 billion, a sharp decrease of about 14-16% compared to 2022.
On December 22, 2023, SAVISTA Holdings - a Group of Consulting - Management and Operation - Real Estate Technology Solutions officially launched a new member brand in the Vietnamese market, SAVISTA Realty, operating in real estate leasing management.
Furthermore, the concept of industrial diversification is given priority by 42% of German firms operating in Vietnam. A strategy of increasing sales and marketing is employed by 41% of respondents; services make up 35% and logistics 31%.
Quang Ngai provincial figures indicate that the province's export revenue in 2023 is expected to reach USD 2.4 billion, up 7.6% from 2022 and 14.3% over budget. These are striking numbers—the highest export turnover for Quang Ngai ever.
The number of Vietnamese tourists to South Korea has increased due to the cultural proximity between the two countries, the availability of numerous flights, and the short flight duration. In addition, the cost of travel to South Korea is affordable.
The number of passengers transported by aeroplanes is predicted to reach 80.3 million in 2024, up 7.1% from 2023, based on their supply capacity.
Minister of Science and Technology Huynh Thanh Dat expressed his hope that professors and scientists would share their experiences with Vietnamese scientists to jointly research and resolve global concerns such as energy, climate change, etc.
The Chairman of the Bac Ninh Provincial People's Committee hopes that in the new term, the Bac Ninh SME Association will promote its role as a bridge, promptly deploying central policies to the business community more substantively and effectively.
The Ministry of Planning and Investment has released a new circular outlining the organisational structure for putting into place a programme that offers a variety of business support services, such as trade promotion, technology, and consultancy.