Key socio-economic development targets for 2025

Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 10 months of this year, accounting for over 66.5% of the country's total export turnover.

Vietnamese State President Luong Cuong leads a high-level delegation to Peru for an official visit and to attend the 2024 APEC Economic Leaders' Week in Lima from November 12-16 at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra. Since joining APEC in 1998, Vietnam has made significant contributions to APEC’s goals, actively proposing initiatives and fulfilling key roles.

Despite facing numerous difficulties and challenges from complicated and unpredictable global developments over the past 10 months, the Vietnamese economy has continued to record positive outcomes as the import-export turnover rose by 15.8%, whilst foreign arrivals to the country surged by 41.3%.

In recent years, the Vietnamese national brand has made significant strides. Vietnam has not only entered the Top 100 countries with strong national brands, but also led the world in brand value growth in 2019-2022 period.

President Luong Cuong’s official visit to the Republic of Chile from November 9 to 12 comes as relations between the two countries continue to grow positively. The visit aims to enhance the Vietnam-Chile Comprehensive Partnership, making it more substantive, impactful, and effective.

The S&P Global Vietnam Manufacturing PMI rose to 51.2 in October from 47.3 in September, marking a return above the 50-point threshold after disruptions caused by Typhoon Yagi.

Vietnam officially joined the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) at the first ACMECS Ministerial Meeting in Thailand in November 2004. As an active and responsible member, Vietnam has made and continues to make significant contributions to ACMECS.

At the invitation of Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh is leading a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit from November 5-8, 2024. On this occasion, he will also attend the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit and hold working sessions in China.

In the special feature on the new era—the era of the nation's rise—on October 31, 2024, Party General Secretary To Lam outlined seven strategic directions for the country to embark on this new phase of national development.

Vietnam and Cuba continue to engage in regular bilateral contacts and exchanges at various levels, particularly at the highest levels. The robust political and diplomatic relationship has facilitated significant economic and trade cooperation between the two nations. Currently, Vietnam ranks as Cuba's second-largest trade partner in Asia and stands as the largest foreign investor from the Asian region in Cuba.