- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
Vietnam is facing significant challenges in economic development due to its reliance on resources and cheap labor.
According to Dr. Chu Thanh Tuan, Deputy Head of the Bachelor of Business program at RMIT University, the recent interest rate cuts by major central banks may impact Vietnam's export market.
Nearly 70% of businesses express confidence in Vietnam's economic growth over the next five years, with many companies ready to recommend Vietnam as an investment destination.
The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB ” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance.
Amidst a complex global economic backdrop, the review report on the 2024 state budget reveals encouraging results.
The long-term goal set by the Prime Minister is that by 2030, Vietnam will become a modern industrialized nation, with its GDP reaching approximately $780-800 billion.