The Vietnamese Government commits to creating all possible conditions for businesses to growth further, Prime Minister Pham Minh Chinh affirmed at the Vietnam Business Forum 2023 (VBF 2023) in Hanoi on March 19.

Vietnam’s trade with 11 other major Asian markets could rise significantly in value by 2030, according to an industry study released by UPS.

Vietnam’s economic growth is projected to ease to 6.3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank's latest report.

Economists believe the period from now to 2045 is the optimal time when Vietnam can find important opportunities to develop the economy. If it cannot create "magic growth" during that time, it will not be able to escape the middle-income trap.

While external woes will likely continue over the near-term, some recovery in the tourism industry may partially cushion some issues faced by the national economy which has some silver linings this year, according to HSBC experts.

In the last two years, after the 13th Party Congress, resolutions and programs have been issued with the aim of developing Vietnam into an industrialized country.

While newly registered businesses are getting smaller in scale, foreign companies and funds are growing in investment capital.

In the international market, Vietnamese enterprises are at a disadvantage because of several problems in their own home market.

A recent survey of 100 enterprises in HCM City found that the number of them paying monthly salaries of more than VND10 million a month fell from 80 percent in Q2 2022 to 65 percent in Q1 2023.

Economists said only 13 out of 101 middle-income countries in the 60s managed to break through the middle-income trap by the end of 2008,...

The production and business sectors, the pillar of the economy, cannot escape the burden of borrowing costs either.

The recent stories about energy supply have once again exposed problems in Vietnam’s management thinking.

Increases in domestic consumption, production, and foreign direct investment are set to enable the economy to achieve its growth target this year.

State management needs to be kept separate from non-business public units.

Further VAT cuts have been proposed; commercial banks began easing lending interest rates; and Vietnam’s rice is being exported to Europe at high prices. These were the noteworthy business stories last week.

The European Chamber of Commerce Vietnam (EuroCham) hosted a business-to-government dialogue forum on February 16 in Hanoi as part of efforts launch its 2023 Whitebook, with the theme of “Working Toward a Green Economy and Sustainable Development”.

With domestic production decreasing, the government is fueling businesses’ performance with new policies with a view to hitting its desired economic growth.

Improvement of the business environment has been slow. Analysts note that the state’s intervention in the market is on the rise.

Local businesses have increasingly promoted multi-channel selling to boost revenues, particularly by combining digital and conventional operations.

Despite difficulties in 2022, many enterprises, especially in banking, fertilizer manufacturing and transport, reported good business results in 2022 and are paying high dividends.