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The National Petroleum and Gas Reserve Infrastructure Plan targets expanding crude oil and petroleum product reserves to 75-80 days of net imports by 2030 and 90 days by 2050, meeting the criteria of the International Energy Agency.
Financial experts say the recent decision by the State Bank of Vietnam (SBV) to cut interest rates is a bold but reasonable move given the need to ease business access to loans in order to accelerate growth.
The 48th International Food and Beverage Exhibition (Foodex Japan 2023) which took place in Tokyo from March 7-10 offered Vietnamese companies an opportunity to seek new customers, sign export contracts, develop distribution networks and increase Japanese market share.
Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.
A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.
All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.
The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.
Export-driven firms and online sellers in potential member countries see accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as providing new e-commerce export opportunities and diversifying trade away from China.
Senior Vietnamese and European officials held a recent assessment of the initial two-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) at a meeting chaired by Minister of Industry and Trade Nguyen Hong Dien and European Commissioner for Trade Valdis Dombrovskis.
A report by the National Center for Socioeconomic Information and Forecast (NCIF) shows that Vietnam outperformed other countries in the region in 2022 thanks to the rebound in consumer spending and strong export growth.
Singapore has recently developed an interest in purchasing fruits and vegetables from Vietnam. This is a chance for Vietnamese herbal remedies and agricultural products to spread widely throughout the Lion City.
