Industry

The plan will be built with a focus on renewable energy and be in line with the national sustainable development after Vietnam pledged to cut greenhouse gas emissions to net-zero.

Upcoming monetary-fiscal support programs may put Vietnam in the position to become a high-income country in the 2045-2050 period.

The bilingual report Vietnam Economic White Paper 2022 was also released on January 14 in Hanoi.

Vietnam’s calculation of the localization rate should be consistent with international practices, which are based on the proportion of domestically generated value rather than the parts produced within the country.

Employment rose for the first time in seven months as demand improves.

Enterprises in the processing and manufacturing industries have a good feeling about their business activities.

Connecting Vietnam and international flight routes will contribute to the country’s economic recovery plans in the year.

Vietnam’s strong macro-economic fundamentals mean the country continues to be an attractive destination for investors in the mid-and long term.

The US$221.5-million-credit is a budget support operation and comes in the form of concessional terms for a period of 30 years with a grace period of five years.

The country’s road map aims to improve the quality and reliability of the national power supply and the efficient use of electricity.

This year, Vietnam’s garment exports are estimated at US$39 billion, representing an increase of 11.2% year-on-year and 0.3% higher than the figure in 2019.

The portal aims to meet the growing needs of businesses in accessing official market data and searching for partners globally to enhance their competitiveness.

The total saved energy across the country was 284.1 kilotonnes of oil equivalent (kTOE) this year.

Sustainable development should not be seen as the responsibility of large-scale businesses, but also small and medium enterprises, Deputy Prime Minister Vu Duc Dam has said.

Local car producers/assemblers could now delay their deadline payment for excise tax in October and November to December 30 at the latest.

The foreign enterprises shift their focus from surviving the pandemic to developing in the new normal.

The move, as the prime minister said, is in line with the Government's vision of putting the people at the center and as the ultimate goal in the development process.

The local economy should have had expanded by over 7% in the 2020-2021 period, but instead, it settled at 2.91% in 2020 and would achieve an estimated 2.5% this year.

Energy, hi-tech farming, and pharmacy are potential fields for cooperation that enterprises from both countries could press on with.

Russia is the sixth-largest source market for Vietnam’s tourism.