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Vietnam is said to have been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. (Photo: VNA) New Delhi (VNA) – An Indian expert has highly valued Vietnam’s post-pandemic recovery in an article recently published on Moderndiplomacy.eu. In the writing, titled “Vietnam’s macroeconomic policy and post COVID recovery”, Prof. Pankaj Jha, Director of the Centre for Security studies at India’s Jindal School of International Affairs, cited the latest IMF reports as saying that Vietnam's real gross domestic product ( GDP ) in 2023 is estimated at 6.2%, and this clearly indicates Vietnam has been avoiding the usual recessionary trends across the Asian markets and is showing better-than-average growth. He noted with an inflation rate of less than 4%, it clearly shows that Vietnam is likely to emerge as a promising economy in Asia. If one looks into the core fundamentals of Vietnam following the COVID-19 pandemic, it … [Read more...] about Vietnam showing better-than-average growth: Indian expert

Nordic countries, including Denmark, Finland, Norway, and Sweden, shared their experience in green solutions to a circular economy and waste management and policy implications for Vietnam at a seminar held in Ho Chi Minh City on Wednesday. The seminar was organized by the Embassies in Vietnam of Denmark, Finland, Norway, and Sweden and Fulbright University Vietnam to mark the occasion of Nordic Day 2023 (March 23). In his opening remarks at the seminar, Ambassador of Denmark to Vietnam Nicolai Prytz said with a long tradition of working together to find solutions to common challenges, the Nordic countries are proud to share their experience and knowledge with Vietnam. “We believe that sharing experience and best practices with our partners is essential to promoting sustainable development,” Prytz added. Meanwhile, Ambassador of Norway to Vietnam Hilde Solbakken highlighted the role of the private sector in promoting green innovation, saying, "In the Nordic region, we have seen … [Read more...] about Nordic countries share circular economy, waste management solutions with Vienam

The energy transition in Vietnam is tied to the rapid growth of the economy, urbanisation, and industrialisation. We have seen the strong aspiration of the government to speed up the energy transition while meeting the requirements of economic development and the goal of becoming a high-income country by 2045. Energy transition is more seen as a potential engine for employment, and this trend will likely grow, helping to build support for renewables. John Rockhold, head of the Power and Energy Working Group under the Vietnam Business Forum Fossil energy sources are gradually being replaced by green and clean energy sources, reducing greenhouse gas emissions and combating climate change, while Vietnam is one of the first countries to renew its nationally determined contribution to the United Nations Framework Convention on Climate Change in 2020. The roadmap for the country’s transition process towards green and sustainable development will not only need to ensure … [Read more...] about Displaying readiness for the energy transition in Vietnam

During a reception in Hanoi on March 23 for a delegation of over 40 businesses from the U.S. - ASEAN Business Council (USABC), N.A. Chairman Vuong Dinh Hue said their working trip is a vivid demonstration of the development of Vietnam - U.S. ties on the occasion of the 10th anniversary of the bilateral comprehensive partnership this year. Two-way trade hit a record 123 billion USD last year, making Vietnam one of the eight biggest trade partners of the U.S. The leader said Vietnam will continue listening to feedback from the business community and creating favorable conditions for them to do business successfully in the country. A USABC representative said the U.S. enterprises hold high trust in Vietnam’s development prospects in the future and commit to doing long-term business in health care, green growth, renewable energy in tandem with environment protection. They also offered suggestions related to digital transformation, renewable energy, taxation, bidding, logistics and … [Read more...] about National Assembly Chairman commits transparent legal framework for foreign enterprises

The drive aims to provide knowledge on digital skills to over 200,000 micro, small, and medium-sized enterprises (MSMEs) in the region to enhance their competitiveness and business development. This remarkable achievement has showcased MVV's position in the industry and its capability to provide world-class digital skills training throughout the ASEAN region. MVV Academy The academy has received awards for its innovative training programmes and its ability to empower MSMEs with the practical knowledge and skills that are needed to go digital, contributing to the development of the ASEAN region in the fields of business and digital technology. MVV Academy will provide in-depth training and support for lecturers during the localisation process of the teaching programme to ensure it fits the context of each country. MVV is well-equipped to deliver courses that cater to the needs of each region, providing area-specific support and advice. MVV Academy has … [Read more...] about MVV Academy chosen to develop digital skills training for 10 ASEAN countries