Economy

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.

Ninh Thuận Province wants to develop green hydrogen production and work with investors to facilitate renewable energy development.

Policies on unemployment and social insurance have also created challenges in the labour market with a rise in minimum wage which raises input costs, but product prices have not increased.

Amid the current difficult context, 46.4 per cent of enterprises called on capital supports such as preferential loans, more convenient and faster loan procedures, and reduced lending interest rates.

Deputy Minister of Finance Nguyễn Đức Chi said with the global economy still struggling to find a path to recovery and geopolitical tensions on the rise in hotspots around the world, the prices of commodities, energy and gold will likely see strong fluctuations in the near future.

Việt Nam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Việt Nam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.

The international terminal of Đà Nẵng Airport, based in the central city of Đà Nẵng, is set to become a smart terminal under a partnership between the Đà Nẵng International Terminal Investment and Operation JSC (AHT) and FPT Software.

Việt Nam’s economic growth is predicted to expand by about 6.5 per cent this year based on numerous potentials, significant foreign direct investment, and ongoing efforts to improve the business environment and infrastructure.

(VEN) - Vietnam’s industrial production continues to thrive, with the total investment in the country increasing by 5.2 percent compared to the same period last year, and the estimated trade surplus reaching US$8.08 billion. These figures indicate a trend of recovery in domestic business and production across various sectors in the first quarter (Q1) of 2024. The Government has set a growth target of 6-6.5 percent for 2024, and recently issued Resolution 44/NQ-CP showing its high determination to achieve or exceed the target.

Paraguayan Minister of Industry and Commerce affirmed that Việt Nam and Paraguay hold huge cooperation potential in the areas of economy, trade and investment.