economy

Transitioning from a Dual Economy to Domestic Value Chain Integration

Transitioning from a Dual Economy to Domestic Value Chain Integration

Over the years, Vietnam’s economy has made remarkable strides thanks to inflows of foreign direct investment (FDI). However, a heavy reliance on the FDI sector has created a "dual economy," where foreign enterprises dominate export value, while domestic enterprises largely remain in non-trade sectors with low value-added activities.

Vietnam Logistics Forum 2024: Driving the Development of a Key Industry in the National Economy

Vietnam Logistics Forum 2024: Driving the Development of a Key Industry in the National Economy

The People’s Committee of Ba Ria - Vung Tau Province, in collaboration with the Ministry of Industry and Trade, is organizing the Vietnam Logistics Forum 2024. This flagship event aims to discuss, propose solutions, and promote the growth of the logistics sector, a critical field in Vietnam's economic development strategy.

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The Series of Events in Ba Ria - Vung Tau: A Focus on Economy, Regional Connectivity, and Historical Significance

The Series of Events in Ba Ria - Vung Tau: A Focus on Economy, Regional Connectivity, and Historical Significance

On December 1–2, 2024, Ba Ria - Vung Tau Province will become the focal point of the nation as it hosts three major events: the Vietnam Logistics Forum 2024, the Conference of the Southeast Region Coordination Council, and the 60th Anniversary of the Binh Gia Victory (1964–2024). These events are not only of national significance but also mark a new phase in regional economic connectivity and honor the heroic history of the nation.

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Vietnam in the Digital Era: What Drives Development?

Vietnam in the Digital Era: What Drives Development?

In the context of the Fourth Industrial Revolution unfolding rapidly across the globe, Vietnam is following the global trend of digital economic development. This growth not only presents an opportunity for Vietnam to catch up with developed countries but also opens a promising future for economic efficiency, improved living standards, and attracting international investment. However, to fully leverage this potential, Vietnam must also confront significant challenges related to infrastructure,

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CON DAO, BA RIA – VUNG TAU: Optimizing Resource Use Towards a STRONGER, GREENER, and FAIRER Economy for All

CON DAO, BA RIA – VUNG TAU: Optimizing Resource Use Towards a STRONGER, GREENER, and FAIRER Economy for All

In the context of Vietnam facing severe challenges related to environmental pollution and depleted natural resources, the application of a circular economy model has become more urgent than ever. This model not only helps address waste issues but also promotes efficient resource use and reduces dependence on imported raw materials.

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Developing Vietnam's logistics services in conjunction with enhancing international economic integration

Developing Vietnam's logistics services in conjunction with enhancing international economic integration

Situated in the dynamic development region of the world, where trade flows converge significantly, and with a large open economy, Vietnam’s exports, imports, and e-commerce trade have been consistently growing at double-digit rates. Vietnam is consistently evaluated as one of the markets with tremendous potential for developing logistics services.

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Logistics infrastructure in the development of Vietnam's economy

Logistics infrastructure in the development of Vietnam's economy

Logistics infrastructure is one of the core components of the national logistics system, playing an important role in promoting economic growth. Improving logistics infrastructure such as roads, highways, ports, railways, airports, inland ports, and warehouse facilities is essential for sustainable and balanced economic development across the country.

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The logistics "bloodstream" must always "circulate" in the economy

The logistics "bloodstream" must always "circulate" in the economy

According to calculations by the Ministry of Transport and some reports from functional agencies, logistics costs in Vietnam currently account for about 18- 20% of GDP, indicating that logistics is an important service industry in the national economy. However, this crucial role is often overlooked by society until the occurrence of the Covid-19 pandemic.

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Logistics and import - export: "The battle" in the global competition

Logistics and import - export: "The battle" in the global competition

Editor letter

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The market competition express delivery services in Vietnam

The market competition express delivery services in Vietnam

According to the Vietnam E-commerce and Digital Economy Agency (iDEA), Vietnam’s e-commerce market is expected to reach $23 billion by 2025. The number of online shoppers is projected to reach about 55% of the population with an average spending of $600 per year. According to Allied Market Research’s report, with a compound annual growth rate of 24.1% during the 2022-2030 period, Vietnam’s express delivery market is estimated to reach about VND 114,680 billion ($4.88 billion) in 2030.

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Green technologies and geopolitics have a big impact on the logistics sector

Green technologies and geopolitics have a big impact on the logistics sector

Technologies such as electric vehicles (EVs), wind power, and solar power are an important part of accelerating the transition to a low-carbon economy.

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Vietnam's economy: Stabilizing the macro-economy to overcome challenges

Vietnam's economy: Stabilizing the macro-economy to overcome challenges

There have been many inadequacies in our economy: it has been facing difficulties and challenges, macroeconomic instability, pressure from high inflation and increasing risks of bad debts

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Making Nghe An an economic driving force for the Northern Central

Making Nghe An an economic driving force for the Northern Central

The Central Economic Commission, together with Nghe An Provincial Party Committee, just held a talk on development direction of Nghe An Province to 2030, vision to 2045 on the occasion of reviewing the Resolution 26-NQ/ TW dated July 30, 2013 from the 11th Politburo on directions and tasks to develop Nghe An to 2020.

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What to do for Quang Tri's sustainable breakthrough development

What to do for Quang Tri's sustainable breakthrough development

On the occasion of participating in a project to reduce emissions and improve livelihoods for ethnic minority communities in the Central Highlands sponsored by the World Bank, I had the opportunity to return to Quang Tri, visited village, contacted with residents of the Van Kieu ethnic group in mountainous districts. In the fast-paced development of technology, it feels like life and time passing slowly in these places.

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A spring of hope and belief

A spring of hope and belief

The cool of the year- end season has been over: a sign of a coming New Year. The whole country seems to be brightened with colors from flowers, from the atmosphere of the coming spring.

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Vietnam's economy 2023: A belief at the beginning of the New Year

Vietnam's economy 2023: A belief at the beginning of the New Year

Assessments show the global economy in 2023 will face many difficulties: growth slowing down, inflations increasing, possibilities of short-term economic recessions, military conflicts, natural disasters and diseases... However, Vietnam’s economy, as evaluated by many international organizations, has optimistic forecast of growth in 2022 and 2023.

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The economy recovers but risks remain hidden

The economy recovers but risks remain hidden

Risks to the economic recovery mainly come from outside. The Russia-Ukraine conflict, economic slowdown in China, rising international interest rates and stronger US dollar, growing recession risk in Europe could affect demands for export commodities and increases the risk of macroeconomic instability.

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Making Ba Ria - Vung Tau a regional and international logistics center

Making Ba Ria - Vung Tau a regional and international logistics center

Cai Mep Ha logistics center is an important national project, approved by the People’s Committee of BR-VT with the construction zoning plan at the rate of 1/2000 in September 2020, locally adjusted in April, 2022.

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Developing Ba Ria - Vung Tau's economy for the role of an international gateway

Developing Ba Ria - Vung Tau's economy for the role of an international gateway

BR-VT, with its advantages of resources and seaports, has been promoting its role and position of an international gateway. There have been efforts to realize an ambition about a “prosperous happy country” in the shift of modernization and industrialization in the new context.

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Vietnam's economy experiences strong recovery

Vietnam's economy experiences strong recovery

Promoting disbursement of public investment capital and reviewing implementation progress of projects for appropriate adjustment...

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Vietnam's economy: "Stability ensured en unstable conditions..."

Vietnam's economy: "Stability ensured en unstable conditions..."

Facing global complicated, unpredictable and fast changes, Vietnam set priority on macro-economic stability, inflation control, ensuring major balances of the economy, having mutual effective supports among monetary- fiscal policies, implementing socio-economic recovery and development and creating a transparent, safe business investment environment.

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Logistics with border economy: Planning of Lang Son province for the period of 2022 -2030, with a vision to 2050

Logistics with border economy: Planning of Lang Son province for the period of 2022 -2030, with a vision to 2050

The planning report of Lang Son province for the period of 2022-2030 with a vision to 2050 has been elaborately prepared, including overall issues for local socio-economic development during the planning stage. Within the scope of this article, I would like to give my opinions on the spatial planning to develop logistics services and logistics enterprises in Lang Son province, serving import and export activities.

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