Conference seeks to revive economy with long-term measures
The Ministry of Planning and Investment (MPI) held a consultation conference in Hanoi on October 1 on its draft programme on economic recovery and development in combination with improving internal capacity and resilience of the economy for the 2022-2023 period.
A corner of district 2 in Ho Chi Minh City. (Photo: VNA)
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) held aconsultation conference in Hanoi ܫon October 1 on its draft programme on economic recoveryand development in combination with improving internal capacity andresilience of the economy for the 2022-ඣ2023 period.
Speakingat the event, Minister of Planning and Investment Nguyen Chi Dung said theGovernment has issued a number of corporate support policies and measures, butmost of them are short-term while there is not any comprehensive or long-termprogramme to gradually recover the economy and spur development after the pandemic is put under control. TheMPI’s programme aims to help Vietnam avoid missing opportunities whenentering the new normal, Dung said. DeputyMinister of Planning and Investment Tran Quoc Phuong said Vietnam needs tolearn from lessons in pandemic prevention and control to revive the economy,focusing on promising fields such as processing industry, logistics and tourismto make breakthroughs. Hesuggested combining both short and long-term goals, improving the capacity ofworkers and providing support for firms based on order of importance and priority.
The ministry also wished tocollect feedback to develop green economy and step up the disbursement ofpublic investment capital, Phuong said.
He outlined eight categories of measures, including controlling the pandemic, improvingthe capacity of medical system, maintaining macro-economic stability,controlling inflation, continuing with fiscal and monetary policies, andensuring n✨ational financial safety.
Others include stepping up administrativereform, stimulating domestic consumption, facilitating digital transformation,attracting foreign investment, and improving workforce quality to meetrequirements of the fourth industrial revolution.
At the event (Photo: VNA)
Country Director of the Asian Development Bank in Vietnam Andrew Jeffries said Vietnam’s major trade partners are quickly recovering while domestic vaccination coverage is increasing, thus contributing to promoting growth.
He proposed Vietnam actively tap free trade agreements to boost exports, join the global supply chain more deeply. At the same time, the country should re-open in a safely manner, ensure healthy relations between banks and enterprises and take caution with bad debts./.
Though e-commerce channels are considered one of the best solutions to sell local products amid the pandemic, legal risks from the activities remain a concern.
Vietnam's economy has slowed down due to the prolonged impacts of the COVID-19 pandemic, but there are still many optimistic forecasts about the country’s economic outlook in 2022, Dr Tran Thi Hong Minh, Director of the Central Institute for Economic Management (CIEM), told the Vietnam News Agency (VNA).
Capital flows into green growth projects have still seen positive signals despite adverse impacts from the COVID-19 pandemic on foreign direct investment (FDI) in Vietnam.
The Ministry of Planning and Investment (MPI) and the US Agency for International Development (USAID) on October 1 launched the Vietnam Workforce for an Innovation and Start-up Ecosystem (WISE) project.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
A corner of district 2 in Ho Chi Minh City. (Photo: VNA) 
At the event (Photo: VNA) 
