Topic: economy

Vietnam has accumulated experience in pandemic prevention, risk management, and crisis management over the years, which will help it overcome the difficulties in 2023.

2023 is a core year to fulfill the targets in the 2021-2025 plan.

Vietnam likely to face continued challenges in 2023.

With a degree of global and local complexity set to continue, the government will adopt appropriate measures to take Vietnam forward, PM tells gathering.

Vietnam’s economy has recovered strongly post-pandemic with major balances and macroeconomic stability ensured.

The 44th Meeting of The ASEAN Ministers on Agriculture and Forestry (The 44th AMAF) took place online on October 26, hosted by the Lao Government. Minister of Agriculture and Rural Development Le Minh Hoan told the meeting that Vietnam is accelerating agricultural restructuring, transforming from “production thinking” to “economic thinking” and moving towards the values created by green transformation, green consumption, and the green economy.

Mr. Furusawa Yasuyuki, General Director of AEON Vietnam, said the company has many opportunities to develop and expand in Vietnam. The country has a high-growth economy and young population, similar to Japan 40 or 50 years ago when AEON Japan developed strongly. This advantage will become a driving force for AEON to develop in Vietnam.

Many attending a recent HSBC conference expressed optimism about Vietnam’s economy now and into the future.

Vietnam’s logistics costs currently stand at about 20 per cent of GDP, or double the world and regional average. This greatly harms the economy’s macro-economic stability, competitiveness, and investment attractiveness. Reducing logistics costs has therefore become a pressing need.

Businesses still have faith in Vietnam’s ability to recover from the current woes.