Of the total number of new businesses, 363 were licensed in the agriculture, forestry, and fisheries sector, rising by 10% compared to the same period last year.

Industries recording increases in new business numbers include industry and construction with 8,700 enterprises, up 6.8%, and services with 27,200 enterprises, up 6.9%.

During the January - March period, a total of 23,600 firms resumed operations, up 2.4% against the same period last year.

Meanwhile, about 53,400 businesses withdrew from the market during the reviewed period, up 24.5% year on year, demonstrating the fact that enterprises have been facing difficulties in business and production.

Market to approach peak zone

The domestic stock market traded actively in the first quarter of 2024, with liquidity ranging between US$1-2 billion. This helped numerous stocks in key sectors reach their previous peaks and even exceed historical trading records.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed last week at 1,284.09 points, while the HNX-Index on the Hà Nội Stock Exchange (HNX) was last traded at 242.58 points. 

For the week, the former gained slightly 0.18 per cent and the latter rose 0.3 per cent. Both indices soared in the first quarter of the year, of which the VN-Index climbed 13.64 per cent from the end of 2023 while the HNX-Index jumped 4.99 per cent. 

In Q1, the VN30-Index, which tracks the 30 biggest stocks on HoSE, showed a robust trading performance, surging by 14.62 per cent. This strong momentum led the VN-Index to break through crucial resistance levels at 1,200 and 1,250 points.

Last week, the liquidity on HoSE decreased 18.3 per cent from the previous week to more than VNĐ124 trillion (US$5 billion). However, this was an average level of liquidity. The decline can be attributed in part to an unprecedented incident where VNDirect Securities Corporation experienced a disconnection from the exchange for the whole week.

Foreign investors also had their strongest net selling week since the beginning of 2024, with a total value of over VNĐ4.5 trillion.

Throughout the week, the market traded within a narrow range from the support level of 1,265 points to the resistance level of 1,295 points.

Saigon-Hanoi Securities JSC (SHS) said that the market welcomed significant developments last week, including the market classification report from FTSE Russel. 

According to the report, Việt Nam is maintained on the watchlist and upgraded from Frontier Markets to Secondary Emerging Markets.

Meanwhile, the Consumer Price Index (CPI) for March decreased by 0.23 per cent compared to the previous month. However, it increased by 1.12. per cent from December 2023 and 3.97 per cent from the same period last year.

However, SHS also noted that while the growth outlook is improving, weak credit growth indicates a limited capacity for capital absorption in the economy. Challenges persist in the real estate and bond markets, which have yet to undergo significant transformations.

The global economic situation remains unpredictable, with overall instability and low growth, particularly in such European Union (EU) countries as France, Germany, the Netherlands and the UK, which are experiencing economic downturns.

On a positive note, inflation has stabilised and the US Federal Reserve has signalled a pause in interest rate hikes, possibly considering a rate-cutting cycle in 2024. 

Given the mixed macroeconomic conditions, SHS suggests that the market's pursuit of equilibrium to accumulate.

According to SHS, the VN-Index is facing significant volatility as it approaches the strong resistance level at 1,300 points. 

In the short term, the index has the potential to break through this level, but it may require further accumulation. 

“If that happens, we might see more fluctuations and consolidation, with 1,250 points serving as a reliable support level. SHS believes that even if there are more ups and downs and consolidation in the short term, it will ultimately strengthen the accumulation nature of the market,” SHS said.

Analysts from Vietnam Construction Securities JSC said that the positive aspect is that liquidity remained at a high-level last week, surpassing the 20-day average, despite the lack of liquidity at VNDirect. 

Technical indicators are also supportive of the market's upward trend. CSI anticipates that the VN-Index will aim for a resistance range of 1,317 - 1,325 points in the next few weeks.

What will Vietnam do to receive fourth wave of FDI?

Vietnam has been advised to further perfect its institutions and policy formulation in order to attract more foreign businesses from its upcoming fourth investment wave.

Statistics indicate that the country attracted more than US$6.17 billion in foreign direct investment (FDI) during the first quarter of the year, representing an increase of 13.4% from the corresponding period last year. About US$4.63 billion worth of FDI was also disbursed throughout the reviewed period, up 7.1% year on year.

FDI attraction is widely considered to be an important driving force behind the Vietnamese economic recovery this year following the success it reaped in 2023. Despite a 12% decrease in FDI attraction recorded in Asia last year, Vietnam was an exception as it drew more than US$36 billion from foreign businesses, up 32% compared to the previous year.

Currently there are more than 49,000 FDI enterprises operating in the Vietnamese market, and  FDI inflows are anticipated to be on an upward trajectory this year thanks to the need to diversify the supply chain of multinational manufacturers, coupled with the country’s socio-political stability, steady economic growth, and qualified workforce.

Experts say that the country is being given the opportunity to receive a fourth wave of FDI that is focused on high-tech fields such as electronics, semiconductors, artificial intelligence, and renewable energy.

In anticipation of this wave, Prof. Nguyen Mai, head of the Vietnam Association of Foreign Invested Enterprises, has suggested that Vietnam should prioritise perfecting institutions and legislation, completing the transformation of state-owned enterprises to adapt to market mechanisms and international integration, whilst also promoting the development of the private sector.

He underscored the necessity of modernising socio-economic infrastructure, especially clean energy infrastructure to meet the Net Zero commitment, along with increasing investment in digital infrastructure to support the ongoing digital government, digital economy, and digital society goals.

He also recommended accelerating administrative reform, with a primary focus on cutting unnecessary procedures that may cause trouble for people and businesses.

Many experts have shared that the country has attracted an abundance of FDI. However, its policy in response to climate change is relatively new, and its green growth strategy has only just been applied.

It is therefore necessary for Vietnam  to complete policies on climate change response, as well as on green classification, green incentives, green investment, and green ecosystems, in a bid to facilitate green projects in future.

In addition, they say that the country should focus on developing human resources to respond to green technology, transfer of green knowledge, and the formation of green industries in the region, such as green hydrogen and green component manufacturing to make the most of available advantages.

Bac Ninh’s efforts to improve investment environment pay off

Efforts to improve the investment environment made by the northern province of Bac Ninh, which borders Hanoi capital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.

According to the Ministry of Planning and Investment’s Foreign Investment Agency, the province ranked second in the country in FDI attraction in the first quarter of 2024, with a combined registered capital of 745.2 million USD, accounting for 12.1% of the national figure.

The attractiveness of Vietnam’s smallest province is attributed to its tireless efforts to step up administrative reform to create an open and transparent environment for businesses.

Right from the early days of 2024, the provincial People's Committee issued a Directive on implementing key tasks and solutions to improve the business environment and enhance competitiveness for this year.

Chairwoman of the provincial People’s Committee Nguyen Huong Giang said that the locality is aiming to create breakthroughs in institutional reform, human resources development and infrastructure for rapid and sustainable development.

It has also cooperated closely with other localities nationwide, grasped opportunities of the fourth Industrial Revolution, applied science and technology, developed high-quality human resources, and increased the quality of management and governance in accordance with the digital transformation process./.

Hanoi to boost export of craft products

Hanoi capital city is seeking measures and issuing support policies to promote the development of craft villages, and open doors for the export of their products to the world.

Director of the municipal Department of Agriculture and Rural Development Nguyen Xuan Dai said that products of Hanoi’s trade villages are available in over 40 countries and territories.

Hanoi brings together 47 occupations out of 52 traditional occupations in the country. The capital has 322 craft villages, of which 69 craft villages process and preserve agricultural, forestry and aquatic products, 22 produce handicrafts, 197 produce wooden furniture, rattan, ceramics, glass, textiles, yarn, embroidery, wickerwork, and small mechanics. It is also home to 13 villages producing and trading ornamental figures, 16 processing raw materials to serve rural production and trades, and five providing services for production and daily activities of people in rural areas.

According to reports of localities, the total revenue of craft villages and villages with certain trades reaches over 22 trillion VND (888.4 million USD) a year.

In recent years, craft villages have seen growth in both production and export values, with some recording revenue of more than 1 trillion VND a year.

Barbara Ebbli, founder and designer of Italy’s MALAIKA Company, appreciated products of Hanoi craft villages, especially handicrafts, embroidery, and weaving.

As a company specialising in design, MALAIKA hopes to be able, in conjunction with the Hanoi Department of Agriculture and Rural Development, to build a system to introduce Vietnamese craft village products in Italy and some other countries, she added.

To develop production, improve competitiveness, and increase the value of craft village products, Hanoi issued Resolution No.11/2019/NQ-HDND, dated December 4, 2019, on a number of policies to encourage the development of rural industries and craft villages in Hanoi, and Plan No. 67/KH-UBND, dated March 3, 2022, on preserving and developing craft villages and rural industries in the city in the 2022-2025 period.

In 2022, Hanoi issued a plan to pilot six models of rural and craft village tourism in Thuong Tin, Dan Phuong, Thanh Tri, My Duc, Thach That districts and Son Tay township.

The city is also completing the planning to preserve and develop traditional craft villages combined with tourism for two craft villages, including Van Phuc silk weaving in Ha Dong district and Bat Trang ceramics in Gia Lam district. As planned, it will develop nine creative design centres, to introduce, promote and sell craft village products associated with tourism.

The municipal People’s Committee has agreed on the policy of building a project to develop craft villages for the 2024 – 2030 period, with a vision to 2050, which will assess the current situation of local craft villages, set goals, and outline solutions for sustainable and appropriate the villages' development, compatible with the capital city's general socioeconomic development planning./.

Vietnam real estate market in 2024 shows signs of recovery

Vietnam Report CEO Vu Dang Vinh said companies expect three factors to boost their performance in 2024: gradual economic recovery, lower interest rates, and successful application of digital transformation in management and operations.

Real estate experts and businesses agree that the real estate market will show more positive signs in 2024 than in 2023, but there will be differentiation among different segments, according to the survey.

The report highlighted that the office leasing and industrial real estate segments are benefiting from favorable factors such as geographical location, public investment in infrastructure, strong FDI inflows due to the impact of newly signed free trade agreements, the "China+1" strategy, stable economic-political environment, and competitive advantage due to low industrial land prices compared to other countries in the region.

These factors are the driving force behind the development and investment attractiveness of the office leasing and industrial real estate segments. Some 34.5% of companies predict that the industrial real estate segment will thrive in the first half of 2024.

Regarding the office leasing market, about 35.7% of respondents forecast a recovery in the second half of 2024.

Residential real estate, high-end apartments and resorts will experience a slower recovery than other segments due to oversupply after a period of rapid growth and people's caution in investing in these segments, according to the report.

The focus in these segments is on the vision of building one million social housing units between 2021 and 2030, along with planning for land reserves, incentives for investors, and adjustments to sales policies. This will be an opportunity to increase the supply of housing and provide access to social housing for people on low incomes, the report stresses.

The Vietnam Report also examines the state of the real estate market in 2023, a challenging year for the industry as global and Vietnamese economic growth slowed, affecting people's incomes and reducing the number of successful real estate transactions.

By the end of 2023, the number of dissolved real estate companies reached 1,286, an increase of 7.7% from 2022, according to data from the General Statistics Office.

There were 3,705 real estate companies that temporarily suspended operations, an increase of 47.4% compared to 2022.

In 2023, 41.2% and 16.1% of the businesses experienced revenue and profit declines of less than 25%, respectively. In addition, most of these companies will trim their payroll by 42.9% in 2023.

Many of the real estate companies surveyed said the three most important drivers of their business results were the company's reputation and brand in the market, a skilled and experienced workforce with high discipline, and efficient cost reduction and utilization measures, Vinh said.
As a result, he said, leveraging their existing position and reputation, along with cost-cutting measures, has helped real estate companies maintain operations, with hopes for a more vibrant market in the current year.

Hanoi allocates $1.15 billion for public infrastructure projects this year

Hanoi’s municipal authorities plan to spend VND28.6 trillion (US$1.15 billion) on city-level infrastructure development projects in 2024, heard a meeting on March 27.

The figure accounts for 60.3% of the city’s municipal-level budget set for 2024, according to Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan. Therefore, the capital city has some VND18.8 trillion ($758.6 million) available for future projects.

Of the remaining budget, the city authorities will spend some VND12 trillion ($484.2 million) this year on public infrastructure projects. As part of the plan, Hanoi will ask five urban districts to allocate their budgets to assist suburban areas in infrastructure development.

Accordingly, five districts of Cau Giay, Hoan Kiem, Ba Dinh, Hai Ba Trung, and Bac Tu Liem will finance 10 outlying districts, such as Soc Son, Thanh Oai, Chuong My, Son Tay Town, Thuong Tin, and Phu Xuyen some VND213.6 billion (US$8.6 million) to carry out 19 local infrastructure projects this year.

Tuan said that these districts are in need of expanding their investment portfolios for 2021-2025 period, focusing on construction and renovation of schools, medical centers, relics, and technical infrastructures.

Thus, he proposed the municipal People’s Committee to approve the allocation of city budget for these suburban districts so that they are able to implement public infrastructure projects.

The city government will save some VND6.7 trillion ($270 million) as a contingency.

In the 2021-2025 period, Hanoi is tasked to spend a total of VND254.3 trillion ($10.2 billion). The capital authorities have allocated VND242.7 trillion ($9.8 billion) for public investment projects.

The city government has agreed with the development plans of nearly 170 projects. However, these projects have not been approved yet. Total investment capital for these projects is estimated at nearly VND31 trillion ($1.25 billion).

HSBC allocates US$1bln to scale up digital platform businesses in ASEAN

HSBC announced a US$1 billion ASEAN Growth Fund to help scale up platform players in the region’s booming digital economy.

Southeast Asia's digital economy is among the world's fastest-growing: worth US$218 billion in 2023 and expected to reach US$600 billion by the end of the decade, at a compound annual growth rate of 16 percent.

To help the region's digital platform players achieve economies of scale, grow their asset portfolios, and advance along the corporate lifecycle, HSBC is announcing a unique, dedicated lending fund worth US$1 billion.

"Like so many other internationally minded businesses, we are excited about ASEAN's booming digital economy," said Amanda Murphy, Head of Commercial Banking for South and Southeast Asia at HSBC.

"With a working population that is digitally native, increasing in size, and poised to consume more goods and services–especially on e-commerce–ASEAN has so much potential for growth. We are delighted to launch our first-of-its-kind ASEAN Growth Fund and work with digital companies as they expand in the region and beyond", she added.

The HSBC ASEAN Growth Fund provides lending to companies that are scaling up through digital platforms across Southeast Asia. It supports new-economy names, more established corporates, and non-bank financial institutions by assessing operating metrics tied to their cashflow-generative asset portfolio, rather than relying solely on traditional financial metrics.

In ASEAN, Viet Nam is the fastest growing digital economy in 2022, 2023 and expected to maintain this position till 2025, currently led by e-Commerce, online tourism and online media.

With the forecast of smartphones users reaching 67.3 million by 2026, accounting for 96.9 percent Internet users, Viet Nam has become the rosy market for the digital industry and its both local and international players.

"ASEAN trade and FDI has been an integral part of the Viet Nam success story and looking into the future I am excited by the emerging opportunities it presents for the economy", shared Ahmed Yeganeh, Head of Wholesale Banking, HSBC Viet Nam.

"The statistics and momentum spell out the size of the opportunity and I am impressed by the growing Trade and FDI flows between Viet Nam and other ASEAN markets. Particularly relevant for Viet Nam is the growing digital economy which coupled with Viet Nam's consumption market, will I believe soon make the digital economy one of the key pillars for Viet Nam's growth story", he shared.

HSBC recently surveyed 600 companies operating in Southeast Asia and found that "digitalizing operations" is the top business priority, selected by 42 percent of the respondents. This is followed by "growth in Southeast Asia" (40 percent) and "research and development" (37 percent).

To help capture growth in the booming digital economy, nearly 2 in 3 respondents (65 percent) plan to increase their investment in the digitalization of their businesses, second only to "expanding into new markets within Southeast Asia" (66 percent)./.

No power shortage in 2024: Trade Ministry

Vietnam will not face an electricity shortage this year, as it did in 2023, and the supply will be secured in the coming years, said Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan at a Government press briefing held on March 29.

Last year, the northern region experienced power shortages in the second half of May and early June, which had a significant impact on the production and business operations of enterprises. Some industrial zones at that time experienced scheduled power cuts 1-2 times a week.

During a meeting with the Prime Minister on March 19, representatives of foreign businesses deemed this issue as serious and urged the government to devise a plan to ensure electricity supply. Drawing lessons from last year's experience, the Ministry of Industry and Trade, along with the Vietnam Electricity Group (EVN), have revamped their electricity management plans. The ministry has also outlined supply plans and fuel sources for electricity generation, including specific strategies for peak months during the dry season to ensure adequate supply.

Earlier, at a seminar on March 19, EVN executives said that the corporation would increase the mobilization of high-priced electricity sources and renewables to avoid power shortages this year. Specifically, EVN plans to increase purchases of coal-fired electricity by about 145%, wind power by 25%, and solar power by 19% compared to last year.

According to the Ministry of Industry and Trade's report, electricity generation and distribution grew by 11.97% in the first quarter, surpassing expectations. However, the widespread occurrence of intense heat due to the El Niño phenomenon may put pressure on the electricity supply in the coming months.

To ensure a stable supply, the Ministry of Industry and Trade has indicated that the electricity sector will focus its resources on completing power generation projects and grid infrastructure, especially ensuring the timely completion of the 500kV Quang Trach - Pho Noi Line 3 project to supply electricity to the north.

The ministry is also monitoring electricity usage demand, weather patterns, and hydrology to respond accordingly to various scenarios in 2024, on a quarterly and monthly basis. Additionally, mechanisms to address difficulties and promote investment in renewable energy, as well as mechanisms for direct power purchase agreements (DPPAs), are being expedited by this agency.

The aim is to ensure electricity supply under all circumstances and prevent shortages.

Commenting on the Ministry of Industry and Trade's proposal to allow  businesses to autonomously set retail fuel prices in the draft new decree of the Ministry of Industry and Trade, Nguyen Thuy Hien, Deputy Head of the Domestic Market Department, stated that this regulation aims to bring domestic fuel prices "closer to the market."

"The State will provide a formula for calculating the common price, from which intermediary businesses can determine the maximum retail price. Retail prices to consumers will not exceed this ceiling," Hien said.

Regarding the Petroleum Price Stabilization Fund, representatives from the Ministry of Industry and Trade acknowledged that the fund has revealed many shortcomings in recent times,  which require changes in its management and operating rules.

Deputy Minister Nguyen Sinh Nhat Tan added that the ministry will gather opinions on whether to abolish or maintain the Petroleum Price Stabilization Fund before submitting it to the government for decision.

Binh Dinh Province promotes development of human resources for big investors

The 2024 Investment Promotion Conference gathering nearly 1,000 delegates was opened in Quy Nhon City, Binh Dinh Province on March 29 afternoon.

Deputy Prime Minister Tran Luu Quang together with leaders, representatives of ministries, sectors and 14 provinces and cities nationwide joined the event which was hosted by the People’s Committee of Binh Dinh Province.

Notably, there were presences of 14 billionaires from Thailand, the Republic of Korea, Sweden, Singapore, United Arab Emirates, Israel and representatives and leaders of 500 enterprises.

At the conference, billionaire Peter Palanugool, President of Thailand’s Bangkok Assay Office Company Limited expressed his concern in fields, projects of extracting gold from electronic waste, logistics service centers, research and training, production of technology, software and artificial intelligence (AI), fast charging battery production factory, cosmetic production factory, container production factory and so on.

Besides, the Thai billionaire saihat the Central province has a huge potential for the development of agricultural projects, plant seeds, soil improvement, education and training facilities, applying AI in the health sector and so on.

In addition, billionaire Cyril Dissescou, CEO of Nexif Ratch Energy SE Asia Pte., Ltd of Singapore paid attention to the energy sector in Vietnam, especially renewable energy comprising wind power and solar power.

At the conference, Deputy Prime Minister Tran Luu Quang stressed that the Vietnamese Government is striving to impose new administrative handling mechanisms and policies with three targets comprising reduction, decentralized administration and digital transformation.

Moreover, the Vietnamese Government sets a plan for localities to develop the resources to meet the demand and requirements of big investors.

On the occasion, Binh Dinh Province granted an investment decision and memorandum of understanding on investment in 12 projects for domestic and foreign investors with a total capital of more than VND7,000 billion (US$282 million).

Bac Lieu develops shrimp value chain with hi-tech farming models

Bac Lieu has set developing hi-tech shrimp farming models as a primary direction to make the Mekong Delta province the "national shrimp industry hub" and develop the "Bac Lieu clean shrimp" brand.

Director of the provincial Department of Agriculture and Rural Development Luu Hoang Ly said that the province has built five high-tech shrimp farming areas with an area of 3,900 ha in Nha Mat (Bac Lieu city), Vinh Hau, Vinh Hau A, Vinh Thinh (Hoa Binh district), and Long Dien Tay (Dong Hai district). The areas apply super-intensive, intensive, and semi-intensive farming models, with water-saving farming technology and biosafety farming methods.

Besides, it has paid attention to monitoring aquatic diseases and building disease-free areas and facilities for brackish water shrimp. Since 2017, the province has implemented a scheme for monitoring disease safety for export. The Viet Uc Bac Lieu Joint Stock Company, for example, was supported to build a shrimp production chain to ensure disease safety recommended by the World Organisation for Animal Health so that it can soon be recognised as a disease-free farming area eligible to export shrimp to Australia and other markets.

In 2023, twenty breed production facilities and seven shrimp farming facilities registered to build disease-free facilities.

The province promoted high technology in black tiger shrimp and white leg shrimp farming. At the same time, the province developed clean shrimp farming models in typical ecological areas such as the shrimp-forest model in the southern region of National Highway 1A; and the shrimp - rice model in the north of National Highway 1A.  Machines are used in building/restoring ponds, aeration, and water pumping, which helps save labour and increases productivity.

Bac Lieu has three major exports, including shrimp, rice and salt. Among them, shrimp is the biggest foreign currency earner, constituting over 95% of the province's export turnover. The locality aims to earn 1.3 billion USD from shrimp export by 2025 and 1.7 billion USD by 2030.

Currently, there are 45 aquacultural processing factories for export in the province. With modern production lines, they are designed to deal with about 294,000 tonnes per year. The province's shrimp products are qualified to enter high-demanding markets such as the US, Japan, the EU, China, and the Republic of Korea (RoK).

However, according to the provincial agriculture official, Bac Lieu's shrimp sector still faces many difficulties including falling shrimp prices, and high input material costs, particularly animal feed costs.

Moreover, processing and exporting enterprises have not paid attention to building raw material areas, increasing the connection between production and consumption, or building brand.

On the other hand, irrigation infrastructure in many areas is not developed properly, causing difficulties in production activities and disease control. Local farmers still hesitate to invest in the 2-phase shrimp farming model because the high-tech shrimp farming model requires a large investment. Meanwhile, it's difficult for them to access bank loans./.

France forum highlights Vietnam’s development opportunities

Vietnam should promptly seize development opportunities that arise from a changing world geopolitically, said business leaders and scholars at the Vietnam Leaders Global Forum 2024 held recently in France.

Philipp Rosler, former vice chancellor of Germany and head of the advisory council of VinaCapital Ventures, pointed out that the world is experiencing a tumultuous time in which many conflicts, political turmoil and changes are taking place here and there.

In such context, he said there are good signs that many policies introduced by the government of Vietnam are paying off.

There are a lot of opportunities ahead and it’s time for Vietnam to find a path towards prosperity, he stated.

He also said as Vietnam has been a neutral country and found peaceful solutions for centuries, it therefore can play a greater role for the benefit of humanity. To do this, he suggested “we must unite for development.”

Hamilton Mann, vice president of Digital Marketing and Digital Transformation in Thales, a global leader in advanced technologies and innovations, said humanity is living in unprecedented times that creates a lot of fear, but also brings about opportunities.

Sharing his ideas about the technology era getting underway worldwide, Mann held that innovation will not be effective unless it is accompanied by progress.

In his view, progress cannot be made without exploration in which people play the most important role, along with the AI solution to solve the planet’s biggest problems.

It is imperative to clarify the criteria and standards to make adjustments to world issues appropriate to the new context, he suggested.

In his presentation, Pham Sanh Chau, former Vietnamese ambassador to India and CEO of VinFast India, highlighted the relationship between culture and international relations, dwelling on the soft power of inclusive growth and prosperity.

According to the executive, Vietnam in the current context needs to stay ready to adapt to develop together and promote human resources towards the future.

Vietnamese people are very hard-working and they are willing to contribute to their fatherland, especially when there are challenges. In the current context, he said they should bring into full play their role to move the nation forward.

Vietnam should be ready to adapt to develop together and promote human resources towards the future, said the executive.

The Vietnam Leaders Global Forum 2024 brought together 100 influential individuals, including government representatives, leaders of Vietnamese and international enterprises, university scholars, entrepreneurs, young talents and young leaders with breakthrough initiatives.  

The forum was held by the Association of Vietnamese Scientists and Experts (AVSE) Global, a Paris-headquartered organisation of Vietnamese scientists and experts with a global reach.

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes