The Vietnam Oil and Gas Group (Petrovietnam) is striving to raise its total installed power capacity to 8,000-14,000 MW by 2030, which is projected to account for 8-10% of the country’s combined capacity by 2045, under its revised strategy.

The European Union (EU) regards Vietnam as one of its leading important partners in the region, Josep Borrell Fontelles, Vice President of the European Commission (EC) and High Representative of the European Union for Foreign Affairs and Security Policy, said at his talks with Minister of Foreign Affairs Bui Thanh Son in Hanoi on July 30.

The country's index of industrial production (IIP) is continuing its positive growth pace in July with an increase of 0.7% over June and 11.2% compared to the same period last year, according to the General Statistics Office (GSO).

Việt Nam's wood and wood product exports are expected to boom in the second half of this year amid positive signs from the global economy, according to industry insiders.

Vietnam’s industrial production is seeing positive signs for recovery as the consumption index of the entire processing and manufacturing sector increased and the inventory index reduced in the first half of this year.

Prime Minister Pham Minh Chinh’s state visit to India from July 30 to August 1 focuses on further intensifying the two countries’ comprehensive strategic partnership in multiple spheres, thus responding to current geopolitical and economic changes, said Deputy Minister of Foreign Affairs Pham Thanh Binh.

Việt Nam is continuing to promote negotiating, signing and upgrading free trade agreements with partners in potential markets, creating favourable conditions for businesses to diversify markets, supply chains and export products.

The decision on Việt Nam's market economy status, a move that could boost the country's exports, is now expected to be announced on August 2.

Expanding export markets is the goal of most businesses to increase revenue and profits as well as enhance the reputation and brand stature of businesses.

Vietnam has a prime opportunity to lead in attracting technological "eagles".