International economics trade

Prime Minister Pham Minh Chinh (R) and President of the Communist Party of Brazil Luciana Santos. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh hosted a reception for President of the Communist Party of Brazil Luciana Santos and its leadership in Brasilia on September 24 as part of his official visit to the South American country. Hailing the Communist Party of Brazil’s achievements and positive role in the country’s politics, PM Chinh affirmed that the Vietnamese Party, Government and people always bear in mind and respect the Brazilian people, the Communist Party of Brazil, left-wing forces, and peace lovers' sentiments and valuable support for and assistance to the Vietnamese people during their past struggle for national liberation as well as the curent cause of national construction and protection. Amidst complicated and unpredictable developments in the world, Vietnam advocates promoting global solidarity as well as heightening multilateralism, … [Read more...] about PM receives leaders of Communist Party of Brazil, friendship association

Chairman Vuong Dinh Hue affirmed that Vietnam is ready to help Bangladesh ensure food security, as evidenced by the recent signing of the extension of the Memorandum of Understanding on rice trade for the 2022 - 2027 period. Apart from rice, Vietnam could export other products of Bangladesh’s interest, such as agricultural machinery, raw materials, household appliances, electronics, processed agricultural and aquatic products, and explore new areas of cooperation such as green textile and garment, education, sci-tech, especially climate change adaptation, he said. Hailing Bangladesh as a promising market with a population of 170 million people, Chairman Vuong Dinh Hue announced a plan to hold a business forum with the participation of hundreds of enterprises from both sides, as part of his ongoing visit. President Shahabuddin suggested Vietnam encourage firms to invest in Bangladesh's economic zones. He also expressed support for Vietnam's proposal to open direct flights to … [Read more...] about N.A. Chairman meets with President of Bangladesh

The latter half of the year is set for a substantial rebound, riding on the back of Q2's initial recovery signs. The bank's outlook for 2023 remains steady, with a GDP growth estimate of 5.4 per cent. Standard Chartered anticipates September’s figures to marginally outpace those of August, predominantly buoyed by retail sales. The forecast details an impressive 8.2 per cent annual growth in September's retail sales, though exports might dip by 6.2 per cent. Imports are slated to shrink by 7 per cent, while industrial production growth could see a surge to 3.2 per cent. Furthermore, the trade surplus might slim down to a mere $1.3 billion. The inflation index is set to tick up to 3.2 per cent on-year from August's 3 per cent, steered primarily by the education, housing, and food sectors. Conversely, transport-led inflation appears to be subsiding. In the tourism front, Vietnam welcomed approximately 7.8 million international travellers in 2023's initial eight months, closely … [Read more...] about Vietnam’s Q3 GDP poised for growth, Standard Chartered reports