Under Party General Secretary Nguyen Phu Trong’s leadership, Vietnam became the fastest-growing economy in Asia
By Dr. Nguyen Bich Lam, Former General Director of the General Statistics Office
Deputy Finance Minister: Vietnam making progress in corporate governance
Addressing the OECD Asia Roundtable on Corporate Governance in 2022, organized by the State Securities Commission in cooperation with the OECD on October 20 and 21 in Hanoi, Deputy Minister of Finance Nguyen Duc Chi said, “Vietnam has made many advances in corporate governance, helping to increase capital raising via the stock market by nearly 30 per cent each year. However, stronger measures are still needed to improve corporate governance at Vietnamese enterprises.”
Quy Nhon asserting position in Asian tourism
Quy Nhon city in south-central Binh Dinh province is receiving investment to become a leading tourist destination in Asia. It has been ranked by the US’s Hostelworld Group as one of the best tourist destinations and has won a series of awards, such as cleanest tourist city in Southeast Asia and top 7 safe places to visit post-pandemic by CNBC magazine.
Half of exports go to Asia & Africa
The total turnover from Vietnam’s exports to Asia and Africa was $166 billion in 2021, an increase of 14.6 per cent against 2020 and accounting for 50.2 per cent of the country’s total. Imports from Asia and Africa, meanwhile, reached more than $278 billion, up 27.5 per cent against 2020 and accounting for 84.3 per cent of the total.
Vietnam Airlines to reopen international flights
Vietnam Airlines is planning to reopen international flights to Asian, European, and Australian destinations to serve both Vietnamese and foreigners needing to travel to and from Vietnam between July and October. The national flag carrier will keep an eye on the market in order to determine a suitable plan in the period to follow, thus complying with pandemic prevention regulations.