Vietnam and Russia are believed to have overcome difficulties to further promote their comprehensive strategic cooperation, especially in economics, trade, and investment, Russian Ambassador to Vietnam Gennady Bezdetko has said.

The recovery of the business community is predicted to face many challenges in 2024 as the recovery of the world economy will be slower than expected. Solutions on taxes, credit, and improvements to the business environment are anticipated to help the business community overcome difficulties, thereby positively contributing to economic growth.

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Japanese financial newswire Nikkei Asia has published an article saying that Washington is prepared to pump funds into the Vietnamese chip sector in a bid to shore up supply chains, whilst the Vietnamese side remains keen to "take advantage" of its bid to reduce reliance on China

In the face of a persistent decline in the global economic scenario from 3.5 percent in 2022 and for advanced economies 2.6 percent in 2022 to 1.5 percent in 2023, Cambodia’s economy grew by 5.5 percent in 2023 as against 5.2 percent in 2022 and inflation declined to 2.1 percent compared to 5.4 percent over the same period.

As 2023 progressed past three-quarters of its duration, it became an increasingly challenging time for textile and garment enterprises. This period was marked by a significant drop in consumer demand, leading to a decline in exports across many major markets.

In the current period, the recognition of Authorized economic operators (AEO) is an essential step that needs active implementation to fulfill commitments in facilitating maximum convenience for businesses participating deeply in global supply chains. The AEO program is established based on voluntary compliance by businesses with customs authorities to facilitate AEOs participating in global supply chains to enjoy borderless benefits.

The Chinese economy is full of vitality and there is huge potential for Sino-US cooperation in various advanced technologies, such as electric vehicles, despite geopolitical complexities and challenges, said Sevin Yeltekin, dean of the University of Rochester Simon Business School.

Vietnamese and Philippine businesses were told to take advantage of opportunities to rev up cooperation in each other’s markets, during their meeting with Vietnamese Prime Minister Pham Minh Chinh and visiting Philippine President Ferdinand Marcos Jr. in Hanoi on January 30.

In order to achieve the export growth target of 6% set for 2024, businesses are required to adhere to major markets such as the United States, the European Union, Japan, the Republic of Korea, and China, according to insiders.