Vietnam Today

At the Vietnam Economic Pulse 2022 Forum organized by the Ministry of Planning and Investment (MPI) and the United Nations Development Program (UNDP) on November 22, Ms. Ramla Khalidi, the UNDP’s Resident Representative in Vietnam, said the country’s economic prospects are bright but some risks are rising. The National Center for Socio-Economic Information and Forecast (NCIF), under MPI, proposed two scenarios for Vietnam’s economic growth in 2023 at the Forum. In the optimistic scenario, GDP could reach 6.5-6.7 per cent.

At a meeting with leaders from Ninh Binh province on November 18, Prime Minister Pham Minh Chinh asked the northern province to make every effort to exploit its potential, especially in the marine economy and the southwestern mountainous ecological region. The province needs to focus all resources on developing infrastructure and synchronously implementing solutions for administrative reform and improving the business and investment environment.

On November 17 in Bangkok, during his official visit to Thailand and attendance at the 29th APEC Economic Leaders’ Meeting, State President Nguyen Xuan Phuc met with leaders from a number of major Thai corporations and businesses with large-scale investment projects in Vietnam, such as SCG, the Amata Group, and the CP Group.

On November 16, during an official visit to Thailand, State President Nguyen Xuan Phuc met with Thai Prime Minister Prayut Chan-o-cha. The two sides agreed to continue promoting relations in connecting supply chains, grassroots economic sectors, and sustainable growth strategies, and to strive to bring bilateral trade turnover to $25-30 billion soon and in a more balanced direction.

The 16th Vietnam-US labor dialogue took place in Hanoi on November 16, gathering together representatives from the Ministry of Labor, Invalids and Social Affairs (MoLISA), the US Department of Labor, and the US Embassy in Vietnam. Vietnamese representatives spoke about the country’s new labor policies and the implementation of the National Action Plan on child labor.

Figures from the General Statistics Office (GSO) show that Vietnam has 69 logistics centers with over 30,000 enterprises, of which more than 5,000 participate in international logistics. For Vietnam’s logistics sector to continue its current growth momentum, analysts believe that businesses need to improve infrastructure and boost human resources, in particular paying attention to digitization to build a convenient and modern logistics ecosystem.