Topic: economic recovery

A significant positive trend emerged: nearly 76,200 businesses resumed operations in 2024, a substantial 30.4% increase from 2023.

Focus will be on mobilizing resources from government bonds, ODA, and other foreign preferential loans.

State President Nguyen Xuan Phuc held talks with Japanese Prime Minister Kishida Fumio on September 26 in Tokyo, as part of his visit to the country to attend the State funeral of late Prime Minister Shinzo Abe. The two leaders agreed to strengthen cooperation in post-Covid-19 economic recovery, boost links between the two countries, consider promoting strategic cooperation in priority areas such as providing new generation official development assistance (ODA) to Vietnam, and developing high-quality human resources.

On September 7, while participating in the Eastern Economic Forum in Vladivostok, Russia, via a video-recorded speech, Prime Minister Pham Minh Chinh affirmed that Vietnam has actively participated in multilateral initiatives, including regional and inter-regional economic links, and is ready to make active contributions to economic recovery and sustainable development in the Asia-Pacific.

The Ministry of Labor, Invalids and Social Affairs has noted an imbalance in supply of and demand for workers in certain localities and industries in Vietnam, with the needs of businesses not being met as they focus on economic recovery.

Da Nang’s economic recovery entered a breakthrough period in the first half of 2022, with its gross regional domestic product (GRDP) increasing 7.2 per cent year-on-year. Bright spots include accommodation and catering, and information and communication services, which rose 13.2 per cent and 9.4 per cent, respectively.