Vietnam Pham Minh Chinh

The Government is prioritizing solutions to boost three main sources of growth: investment, consumption, and exports.

There are ongoing challenges in access to credit capital, with low credit growth of just 6.29% by October 11, 2023.

Vietnam stands ready to collaborate with the IMF to maintain macroeconomic stability, aid vulnerable countries in trade, and promote economic growth.

At present, the tally of Vietnam-Singapore Industrial Parks (VSIP) has reached 14, spanning 10 provinces and cities, boasting a combined investment of US$18.7 billion and generating employment for more than 300,000 individuals.

The Vietnamese Government prioritizes promoting nutrition, pharmaceuticals, and medical equipment to help keep people healthy.

Vietnam had exported 4.83 million tons of rice by the end of July, amassing US$2.6 billion in revenue.

Both sides aim to achieve a bilateral trade turnover of $18 billion by 2025, focusing on balancing trade and minimizing trade barriers.

Prime Minister Anwar Ibrahim's upcoming trip to Vietnam will also be his first official visit to the country since taking office in December 2022.

The Government plans to develop mechanisms that enable small and medium-sized enterprises to venture into new fields such as innovation, digital transformation, and the promotion of green, circular, and sharing economy models.