Hanoi (VNA) – Apart from challenges, manyopportunities will be offered to the Vietnamese economy in 2021, experts have said.
Such agreements as the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free TradeAgreement (EVFTA) to which Vietnam is a signatory will open up wide doors forthe country to further integrate into the world.
Economist Nguyen Minh Phong forecast that Vietnam’sagriculture, industry, export-import, and the domestic financial, stock andreal estate markets will grow further in the year.
Notably, with the current growth rate of the local processingsector, Vietnam would join the group of newly-emerging industrialised countries in the coming years.
Pham Dinh Thuy from the General Statistics Office said thatthe GDP growth target of 6.5 percent set by the Government is feasible in the normal situation.However, this would be a challenge for the country as 2021 is the first year of implementing the 2021-2025 socio-economic development plan.
The official pinned hope on the development of suchsectors as food, garment-textile, wood processing, metal production,construction and electricity production.
To achieve the set economic targets, it is a must tocontain the COVID-19 pandemic, he said, suggesting stepping up economicrestructuring, churning out typical products, streamlining administrativeprocedures, improving the domestic investment environment, and improving the country’scompetitiveness.
Thuy also highlighted the significance of tradepromotion and foreign investment attraction, which, he said, needs specificplans.
Pham Viet Hoai, Chairman of Kym Viet JSC, said theapplication of digital technology would bring about positive results to any firm.
According to Deputy Minister of Planning andInvestment Tran Duy Dong, after the PM adopted the national digital transformationprogramme, many sectors have reaped significant outcomes, benefiting people andthe entire economy.
Digital transformation is vital as it helpsenterprises improve their business governance and adapt to thelatest changes in technology, market and consumer taste, he said./.
Halonoviny.cz, an e-newspaper of the Czech Republic, has recently run an article highlighting Vietnam’s outstanding achievements over the past years, particularly in the fight against COVID-19 and economic growth.
The UK-Vietnam Free Trade Agreement (UKVFTA), which came into effective from January 1, will open the door larger for Vietnam’s key agricultural exports to the UK, Minister of Industry and Trade Tran Tuan Anh has said.
The UK-Vietnam Free Trade Agreement (UKVFTA), which became effective on January 1, is expected to create a strong motivation pushing Vietnam forwards on the path of economic development and international integration.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo: VNA) 
