Economic forum reflects on Vietnam’s international integration
Vietnam’s achievements and missed opportunities in the reform process and international economic integration were reviewed at the Autumn Economic Forum in central Thanh Hoa province.
Nguyen Van Giau, head of the National Assembly's Committee for Economic Affairs, speaks at the Autumn Economic Forum entitled “Vietnam's Economy: Integration and Sustainable Development.” (Source: VNA)
Vietnam’s achievements and missed opportunities in the reform process and international economic integration were reviewed at the Autumn Economic Forum entitled “Vietnam's Economy: Integration and Sustainable Development”.
The event was jointly held in central Thanh Hoa province on August 27 by the Committees for Economic Affairs and External Relations of the National Assembly, the Vietnam Academy of Social Sciences, the Vietnam Chamber of Commerce and Industry in collaboration with the locality.
The forum focused on reviewing Vietnam’s international economic integration since becoming a member of the World Trade Organisation, and bilateral commitments the country had signed or will sign.
Speaking at the event, NA Vice Chairman Uong Chu Luu reaffirmed Vietnam’s right policy of integrating into the global economy but pointed out many problems in the process such as weak competitiveness, slow administrative reforms, or limited human resources.
He pointed to agriculture, industry, commerce and qualified human resources as important factors for Vietnam to integrate and develop sustainably.
Truong Dinh Tuyen, former Trade Minister, said Vietnam has gone a long stride in integrating into the global economy but slow internal reforms cost Vietnam’s effort to seize opportunities arising from the integration process.
According to Victoria Kwakwa, the World Bank’s country director in Vietnam, Vietnam has achieved achievements since integrating into the global economy and integration is a foundation for the country to attain stronger growth.
Many ✨opined that in order to have strong and effective representatives, enterprises need to be supported by the NA and Government in terms of mechanisms and helped to participate in the policy- and law-m🍒aking process.-VNA
The ASEAN traditional music festival wrapped up on August 6 in the central province of Thanh Hoa after 13 performances of solos, musical ensembles and folk singings.
The Toyota Concert 2015 was held for the first time in Lam Son city in the central province of Thanh Hoa on August 13 as part of activities to celebrate the 2015 National Tourism Year-Thanh Hoa.
The 2015 Autumn Economic Forum will be held in the central province of Thanh Hoa on August 27, announced Nguyen Van Phuc, Head of the National Assembly’s Economic Committee on August 20.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Nguyen Van Giau, head of the National Assembly's Committee for Economic Affairs, speaks at the Autumn Economic Forum entitled “Vietnam's Economy: Integration and Sustainable Development.” (Source: VNA)
