The growth of a business

The ministry discussed three potential GDP outcomes for 2023. The lowest prospect mentioned would see GDP growth at 5% for the entire year. In this case, GDP in the last quarter would have to reach 7%, according to ministry analysts. The middle of the road scenario would see GDP round out the year at 5.5%, in which case final quarter GDP growth would need to reach 8.8%. The most optimistic scenario would be GDP growth ending the year at 6%, but in order for that to happen, GDP growth in the fourth quarter must reach 10.6%. This would be a challenge, according to the ministry, as GDP growth in the third quarter reached only 5.33%. Ministry analysts have said that economic growth in the final quarter would depend on how quickly industrial production recovers, especially in manufacturing and processing. Another factor is demand from Vietnam’s major export markets, as well as tourism and spending within the country at the end of the year and for the upcoming Lunar New Year holiday. … [Read more...] about GDP growth 6% max this year, ministry predicts

Vietnam exports an impressive volume of 61,000 tonnes of cashew nuts for 334 million USD in August. (Photo: VNA) Hanoi (VNA) – Many agricultural products such as rice, coffee, cashew and durian have set their own records in export revenue, contributing to brightening the picture of Vietnam’s exports for this year. coffee prices in many consecutive months as a result of low supply. cashew nut export to key markets such as China, Germany, England, United Arab Emirates, and Saudi Arabia increased compared to the same period last year. This year, the cashew industry aims to earn more than 3.1 billion USD from exports. According to the Vietnam Cashew Association the market is expected to continue the rising trend to year-end, making it possible for the industry to complete its goal. The fever pitch surrounding rice prices still shows no signs of cooling down. As of the end of August, Vietnam shipped abroad 6 million tonnes of rice for nearly 2.3 billion USD, equivalent to … [Read more...] about New records set in agricultural product export revenue

At a working session of the provincial People's Committee to evaluate the progress of the project. (Photo: baohungyen.vn) Hung Yen (VNA) – The northern province of Hung Yen has implemented a project to promote economic development of the land stretches along the banks of Hong and Luoc rivers in the 2021-2025 period with a vision to 2030, aiming to make an economic breakthrough for the potential areas. high-tech clean vegetable production , and livestock development. Hung Yen is expected to reach 7-8% each year, with the income from each hectare of farming land topping 250 million VND (10,495 USD). In 2025, the rate of trained labourers in the area is hoped to reach 71%, while that of poor households is expected be reduced to less than 1% by the end of 2025. The percentage of households accessing clean water is expected to reach 100%. high-end residential areas , while boosting its tourism development. VNA … [Read more...] about Hung Yen aims to promote economic growth of riverside areas

Vietnam now has nearly 55,000ha of dragon fruit farming and harvests about 1.3 million tons each year. The favorable soil and climate conditions have enabled the country to produce dragon fruit on a large scale all year round. As a result, it used to be the world’s leader in terms of the farming area, output, and export value, said Nguyen Quoc Manh, head of the fruit tree division of the Crop Production Department at the Ministry of Agriculture and Rural Development. However, after conquering several markets for a certain period of time, the fruit from Vietnam is facing a number of challenges, he noted, pointing out the foreign markets’ increasingly stringent standards for quality, food safety, and look of fresh dragon fruits, the emergence of many pests and diseases caused by climate change impacts, soaring fertilizer prices, the unsustainable connectivity between businesses and farmers, the limited number of companies involved in value chains to meet requirements of major and … [Read more...] about Vietnam seeks to secure sustainable development for dragon fruit sector

The activity will demonstrate the strength of European-Vietnamese cooperation and pave the way for a successful green transition. The Green Economy Forum (GEF) 2023 will take place on November 2 in Hanoi, to strengthen cooperation for the green growth of Vietnam. Delegates at GEF 2023 press briefing. Photo: EuroCham According to the European Chamber of Commerce in Vietnam (EuroCham) , the Green Economy Forum will be held in cooperation with Team Europe partners, including the European Union Delegation to Vietnam, the EuroCham Green Growth Sector Committee, all nine European business associations affiliated with EuroCham Vietnam, and a number of European countries. The event will feature insightful sustainability dialogues, a high-level plenary session and comprehensive conference sessions, bringing together business leaders, policymakers and sustainability advocates from Europe and Vietnam, EuroCham said. At the press conference on September 28, the … [Read more...] about The Green Economy Forum 2023 to take place in November

He emphasized the need to strongly promote growth drivers, speed up industrial production development, especially the manufacturing-processing industry in the context of continued difficulties and challenges in the world situation as well as in the country. The government leader reiterated the overall goal of maintaining macro-economic stability, reining in inflation, propelling growth, ensuring major balances of the economy, paying attention to social welfare, protecting socio-political stability and social order and safety, intensifying anti-corruption activities, strengthening national defense-security, promoting external relations, and maintaining a peaceful environment for development. He asked agencies, sectors and localities to get plans and scenarios readied to respond to all circumstances. It is necessary to focus on boosting industrial production with a goal of about 10% in the fourth quarter to make up for the slow growth in previous quarters, he said, ordering … [Read more...] about Prime Minister urges utmost efforts to complete targets for 2023