Vietnam Today

At a meeting on October 17 with Australian Assistant Minister for Trade and Assistant Minister for Manufacturing Tim Ayres, who is in Vietnam to co-chair the OECD - Southeast Asia Summit 2022, Prime Minister Pham Minh Chinh asked Australia to further promote cooperation between the two countries, further open up the market for Vietnamese agricultural and aquatic products, encourage Australian businesses to invest in Vietnam in the fields of renewable energy and high-tech agriculture, and develop strategic transport infrastructure.

Prime Minister Pham Minh Chinh chaired a dialogue with Vietnamese women on October 15, with the theme “Promoting gender equality and promoting the role of women in socio-economic development”. The dialogue was held online, from the headquarters of the government to the People’s Committees of cities and provinces. Leaders of ministries, branches, and central agencies answered proposals and recommendations from delegates on three topics: women and economic development; women and issues of social security and gender equality; and women and future generations.

Within the framework of the “Vietnam Excellent Brand Awards 2022” held by VnEconomy / Vietnam Economic Times, Dr. Vu Tien Loc, Chairman of the Vietnam International Arbitration Center (VIAC), said Vietnam needs to consider its business community as a pioneer in efforts to escape the “middle-income trap”. To build a leading business community, Vietnam cannot just promote a few enterprises and instead needs to nurture a generation of entrepreneurs.

According to Brand Finance, Vietnam’s national brand value has risen from $388 billion in 2021 to $431 billion in 2022, ranking it 32nd in the world, up one spot compared to 2021. Product branding is a task not just for businesses but also for the country. The branding of agricultural products needs to be associated with geographical indications, thereby creating differentiation and enhancing brand value.

The Ministry of Industry and Trade has worked with APEC members to hold the “APEC Workshop on Opportunities and Challenges for GVCs [global value chains] during the Covid-19 Pandemic and Post-Pandemic Economic Recovery” on October 13 and 14 in Hanoi. Analysts have proposed a range of solutions to overcome the risks from supply chain disruptions.

The Vietnam Chamber of Commerce and Industry (VCCI) held a ceremony on October 12 to celebrate Vietnam Entrepreneurs Day (October 13) and honor outstanding local entrepreneurs. Prime Minister Pham Minh Chinh told the gathering that the government will create favorable conditions for entrepreneurs and businesses in all economic sectors to gain equal access to development resources. The non-State economic sector will be given favorable conditions to participate in the implementation of projects and works via public-private partnerships (PPPs).