Business

Inflation and GDP growth count among the indicators certain to be affected by events in the Middle East and resulting policy trade-offs.

General Secretary and President Lam expressed his confidence that, with its tradition of dynamism and innovation and with strong support from the central authorities, Da Nang will overcome challenges and realise its vision of becoming a major national growth pole and a modern, smart, and worth-living coastal city with strong regional competitiveness.

The ancient town in central Vietnam was inscribed as a UNESCO World Heritage Site in 1999, praised for its remarkably well-preserved Southeast Asian trading port dating from the 15th to 19th centuries.

The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.

The designed capacity of the port in the central city is 5.7 million TEU per year.

Though results indicate a degree of recovery momentum in Q1 and March, ongoing global headwinds continue to pose concerns for Vietnam macro-economic situation.